Canada ranked No. 2 for competitiveness

[Oregone]

Canada ranks second among 10 key countries as a place to locate a business – at least where costs are concerned – according to a new international survey from consultants KPMG.

The firm's latest study, released Tuesday, shows that Mexico is the most cost-effective place to do business among the group of 10 countries, with Canada next and the Netherlands in third place.

KPMG conducts the study every two years, and this is the second time in a row Canada has come in just behind Mexico.

The United States placed eighth on the list, a sharp drop from third place in 2008. Canada has a full 5 per cent cost advantage over the U.S., the study suggests.

http://www.theglobeandmail.com/report-on-business/economy/canada-ranked-no-2-for-competitiveness/article1516999/


I just found this interesting that a nation so similar to the US, like Canada, is that much more competitive. During the whole health insurance reform debate, I often cited international competitiveness for a reason why the cost of letting the private industry run the show was too burdensome. Some people do not realize that subsidies simply hide the per capita costs and shuffle them around, still allowing the bill to suppress competitiveness. And by suppressing that, you impact a whole range of variables from jobs to social mobility. But to each their own.