Toronto, Canada

Author/creator Organisation for Economic Co-operation and Development
Other author Organisation for Economic Co-operation and Development.
Format Electronic
Publication InfoWashington : Organization for Economic Cooperation & Development
Description214 p. ill 11.000 x 08.250 in.
Supplemental ContentFull text available from OECD iLibrary
Subjects

Summary Annotation The review finds that the Toronto region is one of the chief economic powerhouses of Canada, generating almost one-fifth of national GDP and 45% of Ontario's GDP. The region is home to 40% of Canada's business headquarters and is a main manufacturing hub, with major automotive, biomedical and electronics companies. Toronto is also one of the most diverse metropolitan regions in the world: half of its population is foreign born and it hosted 40% of all immigrants to Canada during 2001-2006.Nevertheless, The region's current economic development model is under pressure and its economic performance has been mixed in recent years. From 1995 to 2005, GDP per capita and GDP growth rates were below the Canadian average while its annual economic and labour productivity growth were lower than the average for OECD metropolitan regions. During this period, population growth boosted demand in the construction, sales and retail, professional and financial services sectors. However, The recent decline in the area's manufacturing jobs has illustrated the structural difficulties of some traditionally strong areas, such as the automotive and electronics industries.This Review proposes a new sustainable competitiveness agenda to enhance productivity, focusing on innovation, cultural diversity and infrastructure, As well as on green policies. To implement such an agenda, The Review proposes improving the current governance framework by intensifying strategic planning at the level of the Toronto region.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9789264079403
ISBN9264079408 (Trade Paper) Active Record
Standard identifier# 9789264079403
Stock number00019989

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