Highlights of the Alberta Competitiveness Council's report on competitiveness : Alberta 2010

2010·1.1 MB·English

by  Alberta. Alberta Finance and Enterprise

Highlights of the Alberta
2010
Competitiveness Council’s
ALBERTA
REPORT ON COMPETITIVENESS
About the Alberta Competitiveness Council
TheAlbertaCompetitivenessCouncil (theCouncil) - agroupofelected officialsand industry
leaders-hastaken onthetaskofworkingtogetherto makeAlbertaoneofthemostattractive
placesto investand do business. PremierEd Stelmach establishedtheCouncilthroughthe
AlbertaCompetitivenessAct.TheAct laysthegroundworkforthe provinceto beamongthe most
competitivejurisdictions intheworld and strengthens partnershipsamong government, industry,
businessandAlbertans.
MakingAlberta morecompetitive isvitaltothe province’s long-term successandtothe
well-being ofAlbertans, business, and communities. Amorecompetitiveeconomy isable
toadaptquicklyand improves living standardsforallAlbertans.
TheCouncil will providean analysisofAlberta’scompetitiveness in comparisontoother
national and internationaljurisdictionsand makerecommendationsto improveAlberta’s position.
TheCouncil began itsworkbyassessing variousfactorsthat impactthe province’seconomic
growth such as regulation andfiscal policy, theavailabilityofskilled workers, transportation
and infrastructure, productivity, and innovation.
This benchmarking workisthe beginning ofan ongoing annual process.Throughthecoordinated
effortsofindustryand government, therewill be improvementstoAlberta’soverall prosperityand
tothecompetitivenessofourbusinesses.
Alberta Competitiveness Council
COUNCIL CO-CHAIRS FINANCIAL SERVICES TASKTEAM
EdStelmach JanisTarchuk
PremierofAlberta MLA, Banff-Cochrane
Bob Brawn GregTurnbull
Chair,AlbertaEconomic DevelopmentAuthority Partner, McCarthyTetrault LLP
Ted Morton MANUFACTURING TASKTEAM
Minister, Alberta Financeand Enterprise
George Rogers
OVERALL ECONOMICFACTORS MLA, Leduc-Beaumont-Devon
OFCOMPETITIVENESS TASKTEAM
LarryKaumeyer
Doug Griffiths Presidentand CEO,Almita Manufacturing
MLA, Battle River-Wainwright
PETROCHEMICALS/CHEMICALS
Les Larocque TASKTEAM
President, Botting andAssociatesAlberta Ltd.
RayPrins
AGRICULTURETASKTEAM MLA, Lacombe-Ponoka
GeorgeGroeneveld Val Mirosh
MLA, Highwood President, Mircan Resources Ltd
ChristophWeder
SpiritView Ranch
The ResultforAlberta
Sustainablegrowthinlivingstandards
Sustained
Prosperity
The Outcome
Betteruseofresources
Productivity
The Enabler
Newandimprovedproducts,services
andprocessesforaglobalmarketplace
Industryinpartnershipwithgovernment
Innovation
The Foundation
Factorsthatshapethe
businessenvironment
Governmentinpartnershipwithindustry Human
Transportation Capita*
Regulation and Education
infrastructure
policy
The Bedrock
Humancharacteristics:demography,society(politicalandlegalsystem,culture,socialinfrastructure)
Naturalcharacteristics:naturalresources,location(distancetomarkets,landbase,climate)
Benchmarking Alberta’s Competitiveness
IntheCompetitiveness Pyramid, the bottom Innovation is any newwayofdoing something
layeristhe bedrock: aseriesofhuman and better-likeindustrytakingthelead in investing
natural characteristicswithin everyjurisdiction in new machinery.
which generallyonlychange incrementally
overtime. The Pyramid’s bedrockcomprises Growth in productivitysimply meansa better
characteristicssuch asthe location, climate, useofresources, ratherthan relying on more
geography, political system, and social or peopleto work more hours. Productivitygains
cultural aspectsofsociety. areessential to sustained prosperityand this
iswhat mattersforAlbertans-assustained
Thefoundation layeriscomposed ofthe key prosperity means a higherqualityoflifeand
structural areas upon which acompetitive improved living standards.
environment is built. Thesearefactorsthat
government is primarily responsiblefor TheCouncil hasdeveloped a reportthat
shaping, and includetaxesandfiscal policy, benchmarksthecurrentstateofAlberta’s
regulation, transportation and infrastructure, competitiveness. The report identifiesareas
human capital and education, and access ofstrength, highlightsareaswhereopportunities
tocapital markets. forimprovement mayexist, and defines
benchmarksformeasuring future progress.
Anycompetitiveenvironmentenables and By reviewing Alberta’s position in comparison
requirescontinual innovation. Innovation to 14jurisdictionsand across60 indicators,
isany newwayofdoing something better- theCouncil’s report provides governmentand
likeinvesting in newmachineryandequipment, industrywiththe necessary information to
adopting moreeffective processes, training improvethe province’sfuturecompetitiveness.
skilled labour, orundertaking research
and development (R&D) activities.
HighlightsoftheAlbertaCompetitivenessCouncil’sReportonCompetitiveness:Alberta2010 3
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A total 14jurisdictions have United States - Colorado, Idaho,
been chosen forcomparison Minnesota, Oregon, Texas, and
withAlberta: Washington State.
Canada - British Columbia, International - Finland, Norway,
Saskatchewan, Manitoba, and the state ofQueensland,
Ontario, and Quebec. Australia.
The 14jurisdictionswerechosen because Sustained Prosperity
oftheirsimilarsize, location, relativelystrong
recenteconomic performance, and/orother
Sustained prosperitymeansan improving
similaritieswithAlberta.The indicatorswere
selected usingthreecriteria: relevancefor standard ofliving and qualityoflifefor
Albertans. This includesagood environment,
Alberta, the reliabilityofavailabledata,
and comparabilitytootherjurisdictions. positivehealth outcomes, andfirst-rate
education, aswell ahigh level ofincome.
Thecomplete80-page report isavailable
onlineatwww.finance.alberta.ca/ Economic prosperity istypically represented
competitiveness.Thecomplete report bygrossdomestic product(GDP), which
includes more measurementdetail and reflectsthetotal incomegenerated bythe
an overviewofthefoursectorsoffocusfor economyeach year. WhileGDP represents
2010/11: agriculture(grainsand oil seeds), oneimportantmeasureofeconomicprosperity,
financial services, manufacturing, and to betrulycompetitiveeconomic, social, and
petrochemicals/chemicals. environmentalconsiderationsmustbebalanced.
Alberta’s performance in the benchmarking Key Measures:
comparisons isgenerally positive-a result
that is notsurprising giventhestrength and After-taxpersonal income, housingaffordability,
dynamic natureoftheAlbertaeconomy. thestateofthejob market, and an indexof
Alberta’sstrongest result is intheareaof economicwell-being arethe key indicators
taxesand fiscal policy. Albertaalsoshows forsustained prosperity.
good results inthe indicatorsforsustained AlbertahasahighlevelofGDPpercapita,which
prosperity, regulation, transportation and
infrastructure, and human capital. isattributabletothestrength ofthe resource
sectorand high resourcepricesin recentyears.
The resultsforproductivity, innovation, and Growth in realGDPpercapitahasbeen modest
accesstocapital markets identifyareaswhere and between 2003 and 2008Albertahad the
focusand improvementcould addtoAlberta’s 5^'' lowestgrowth rateofthejurisdictions
competitiveness. Specifically, theareas examined. Real GDP percapitaremovesthe
whereAlbertaranks behind otherjurisdictions effectsofchanging prices, including pricesfor
includegrowth in real GDP percapita, rate naturalresources. Inessence, it isthechange in
ofproductivitygrowth, non-resourceexports, theproductionofgoodsandservicesperperson.
R&D investment, high-tech employment,
and venturecapital investment.
Industryand governmentareworkingtogether
to elevateawarenessofAlberta’s position
andtakeactions necessaryto improve
Alberta’scompetitiveness.
HighlightsoftheAlbertaCompetitivenessCouncil’sReportonCompetitiveness:Alberta2010
Real personal incomegrewbetween2003-2008 GDPpercapita(2008)andrealGDPpercapitagrowth(2003-2008)
atan averageannual rateof4%, morethan $70,000 3.5% re
threetimestherateofrealGDPpercapita Q. re
growth. Much ofthiscan beattributed to ^ $60,000 3.0% .c
workersbenefitingfromtheboomingeconomy. ^ $50,000 inymi o On 2.5% ou05
Asilgbneirftiac’asnthloyubseitngweaefnfor2d0a0bi5liatnydde2c0l0i7n,ed |re $$4300,,000000 . • • II nil 21..05%% rDr0ee.
but hassincestabilized and improved o • • • MM 1
relativetotheotherCanadian provinces. roe. $20,000 MM 1.0% OQQ.
Q $10,000 0.5%
o
Florwoemst20a0v5e-r2a0g0e9u,nAelmbperltoaymheandtthreatseeacmoondn-g $0 imai:esi£0i?a<izi<rieiQtzizozQiCiDig 0.0% CrrCee
thejurisdictions, at4.2%. A balanced labour
mhiagrhkentorwhtoeorelouwneismipmlpooyrmteanntttiossnuesittahierntoo GDPpercapita, US$atPPP(LHS) O gRreaolwtGhDrPatep,er20c0a3pi-t2a00a8nn(uRaHlS)
prosperity. Forexample, when unemployment
istoo highAlbertanssufferandtheirskills aNtot2e0s0:2GpDriPcepelreveclasp,itianlaotccalurcruernrtenpcryi.ceSsoiusrcinesU:SSStaattisPtPicPsRCeaanlaGdaDPCApNerSIcaMpiTtaablgersow3t8h4-i0s0b0a2seIdGDoPr.)GaDnPd
aisretonootloewffelcatbiovuerlyshuosretdagaensdoifccuunremcprelaotyimngent W0Fae5cb1t-SF0ti0an0td1eDra:(tPSaotpbauatlsiaest,tiioNcnsa)t;NiooUnrSawlaByAu,crcesouaubunjteoscf;tEE0cu9ro-ons0ot1amt,i:AcnPnAonupaaulllyasntiaisto.inoRnbeayglisaoecxn.caolaugEnetcsog.nrooTumapbilcaenA2dc:ccSiottuaitnzietsnstsihacispn;dFQiUnuSleaenCndesnlPsaXund^
challengesforbusinessgrowth. TOrEeaCsDuryP,PSPtaetxecAhcacnoguentrsat,esT.ables1and11;AustralianBureauofStatisticsPublication3101.0Table4.
The IndexofEconomicWell-being used inthis
study, developed bytheCentreforStudyof Unemploymentrate(2005-2009average,and2009)
LivingStandards, incorporateseconomic, social
12%
and environmental measures. Albertaranked 5%unemploymentisconsidered A
2'^^on this Indexand had thegreatest increase tobetheidealrateforabalanced
ofalljurisdictions between 2002 and 2008. 9% AlabAourmark1et A -A A-
What it means for Alberta: 6% iimArmiiiii
f
Albertahasachievedagood ratingforsustained 3%
prosperity. Certainly higherresource prices llllllllllllll
have played an important role inthisoutcome;
however, both industryand government have 0%
strategically positioned Albertato capitalizeon II n I I I I I<§ 9Oir! OHtr
availableopportunities. Alberta has prospered.
2008-2009average 2009
Challengesstill remain.TheAlbertaeconomy
issensitivetoglobaleconomiccyclesand rNaotteeso:fT5h%e,owrdheirchofijsurtirsedaitcetdioanssirnetphriesscehnatritnigsAblabseerdtao'nstihdeeiarldbeavilaatnicone,dilnaabbosuorlumtaertkeertmst,haftrowmoraknsjinnetmhpelobyesmtent
globalenergydemand.Theprovincecannot interestsofbothemployeesandemployers.Sources:StatisticsCanada.Labourforcesurveyestimates.
Table282-0002;USBureauofLabourStatistics.LocalAreaUnemploymentStatistics;Eurostat.Unempiloyment
affordtoreston itseconomiclaurelsand ratesbygender;AustralianBureauofStatistics.6202LabourForce.Australia,asreportedbytheQueensland
assumefutureprosperityisassured. Someof OafnfdicEedoufcaEtcionngoTmoimcorarnodwS'tsatWiostrikcfaolrRcees,eAalrbcehr.taI'dsea1l0uYneeamrpSltoraytmeegyn.tGroatveerfonrmAelnbterotfaAolfbe5r%ta,is2f00r6o.mBuilding
Alberta’sprosperitytodayisactuallyadepletion
ofourprovince’snaturalwealth.Wemust
avoidattitudesofcomplacencyarisingfrom
thisadvantagethatAlbertaenjoys, andwork
diligentlytoenhanceproductivityand innovation
inordertoimproveourqualityoflife.
HighlightsoftheAlbertaCompetitivenessCouncil’sReportonCompetitiveness:Alberta2010 5
1
Productivity Key Measures:
Labourproductivitylevelsand growth
Productivity issimplydefined as making better
useofresourcesand labourproductivity (both overall and in keysectors), aswell as
internationaltrade performance, are used
representsthesingle most importantfactor
toassessAlberta’scompetitiveness.
in maintaining and enhancing longterm
sustained prosperity. Productivity improves Alberta’s level ofproductivityranks2"^overall
byworking smarter-byfinding newways with GDP perhourworked ofUS$62.80.
to produce morevaluewiththesame level Yet,Alberta’s real productivitygrowth is
ofeffort. Improved productivity may be comparativelyweak. The highvalueofnatural
achieved through new processes, products, resourcescombinedwiththecapital intensityof
ortechnologies. theoilsanddevelopmentsexplainsmuchofthis
result. Inotherwords,Albertahasahigh levelof
GDPperhourworked(2008)and productivity, butstrugglestofind newwaysto
realGDPperhourworkedgrowth(2003-2008) producemorevaluefromthesamelevelofeffort.
Albertacompanies ranked 10^^amongthe 15
jurisdictionsfornon-resourceexportspercapita
in 2009.This underscoresthatoureconomy
is highlyfocused on resourceextraction.
What it means for Alberta:
Sustainablegrowth in GDP-and sustained
prosperity-must resultfrom working smarter
and improving productivity. Productivitygains
inthe resourcesectorare important, but
qo:<c(q->5<o<o«^2z0oe:-z^qocodzooocsq challenging inthefaceofproduction declines
intheconventional energy resourcesector
1
GDPperhourworked, US$atPPP(LHS) andthefrontend capital intensityofoil sands
O GDPperhourworkedgrowthrate,2003-2008(RHS) dbeevyeolnodpmreenstosu.rcTeheextsreagctmieonntasreofalosuorcercitoicnaolmy
Notes:GDPperhourworkedatcurrentpricesisinUS$atPPP.RealGDPpercapitagrowthisbasedon to provide balanceand mustcompetewith
GanDnPualath2o0u0r2spwroirckeeldevpelesr,eimnpllocoayleceurinreQnucye.enQsuleaenndslisanedqunalumtboetrhseanraetibonaasledavoenraages.suSmoputricoens:thSattataivsetircasge theworld’s best. In all sectorsofAlberta’s
CanadaCANSIMTables384-0002(GDP)and383-0009(Hours);USBureauofEconomicAnalysis, economy, innovation will bethe keyto
RegionalEconomicAccounts(GDP)andBureauofLaborStatistics,CurrentEmploymentStatistics
(Hours);StatisticsNorway,subject09-01,Annualnationalaccounts.Tables1and2(GDP),andTable resolvingthe productivitychallenge.
05217(Hours);StatisticsFinlandPXWebStatDatabase,NationalAccounts(GDPandHours);;Australian
BureauofStatisticsPublication3101.0Table4(GDP)and6202.0Tables12and19(Hours);QECDPPP
exchangerates.
Alberta’s levelofproductivity
ranks 2^^ overall. .yet, Alberta’s
.
realproductivitygrowth is
comparatively weak.
6 HighlightsoftheAlbertaCompetitivenessCouncil’sReportonCompetitiveness:Alberta2010
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Innovation R&Dexpenditures,percentageofGDP(2007)
andgrowth(2002-2007)
5% a 15%
Innovation isthecreationofnewand improved r«.
products, services, and processesfora global g 4% 12%
marketplaceand represents acritical driverof 3% M 9%
productivitygrowth in the modern knowledge- i*n‘ ( o %
driven economy. Theonecommon element in • llliHa' 6
Miim
acslrelirtfviociarclemsssoaounfrdcienpnrfooovrdautncietoswn.aisntdhaitmppreoovpleedairdeeatsh,e TQC(&(1Ji>) 01%% 1 II 30%% <(C3C0 Q0P<K)0.
-3%
0C0C o 0c0r
Key Measures: %
ii'iiiiiiisiiaiiz -6
The measuresselected forjurisdictional
comparison ofinnovationfocus on its BusinessR&D(LHS) Government,academic,andotherR&D(LHS)
process and outcomes. Thefull report
O
includes indicatorsforR&D, university AnnualgrowthintotalR&D(RHS)
patents, business investment in innovative Sources:StatisticsCanada,CANSIMTable358-0001:OECDStats.Extract.RegionalStatistics,
technologies, employment in selected sectors, LargeRegions,InnovationIndicators:AustralianBureauofStatisticsCatalogue8112.0,Resea'cn
and entrepreneurship. andExperimentalDevelopment,AllSectorSummary,ByLocation.
Albertaranks belowaverageforboth total Newbusinessstart-ups,per1,000population(2005)
and businessR&Dintensity: hovyever, between 3.5
2002 and 2007, Albertadid experiencegrowth AlbertaleadsCanadianandUSlocationsfornew
businessstart-ups
of7.1 % intotal R&D expenditures. 3.0
The proportion ofhigh growthfirmsand new OQQ. 2.5
business start-upswas used asa measure
2.0
forentrepreneurship. Alberta leadsamong
the ninejurisdictionscompared, with almost 1.5
8% offirms meetingthecriteriaforhigh
growth firmsand also rankedfirstamongthe 1.0
12 provincesand statescompared fornew
0.5
business start-ups.
III!I
0.0
What means for Alberta: I I I I I
it nz z-5 ?t<- “"5
Innovation goes beyondjust new ideas- Sources:StatisticsCanada,SmallandMediumSizedEnterprisesDataWarehouse,December2008
these ideas must havevaluetotheend user (onCDwithAFE).USCensusBureau,BusinessDynamicsStatistics,FirmAgebyFirmSizebyState.
orimproveexisting processes, products, or
services. Growth in thequalityand skill of
Alberta’sworkforce, improved R&D intensity
levels, and strategic investments in machinery
and equipmentand otherinnovative
technologiesarecriticalto improving our
innovation performance. Albertahas many
ofthe raw ingredients necessaryto meet
thechallenge. Industryand government
mustworktogetherto harnessourcreativity
and bring newwaysofthinking, managing,
creating and doing businessto market.
HighlightsoftheAlbertaCompetitivenessCouncil’sReportonCompetitiveness:Alberta2010 7
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Foundation
Innovation, productivity, and sustained TRANSPORTATION AND
prosperityareall influenced bythe INFRASTRUCTURE
competitivenessfactors inthe Pyramid’s
foundation including: taxesandfiscal policy, Public infrastructure, transportation, utilities,
regulation, transportation and infrastructure, and technological infrastructuresupportthe
human capital, and accesstocapital markets. modern economy. AmongthesixCanadian
Developing arobustfoundation does not provincescompared, Alberta hasthesecond-
ensuresustained prosperity; however, ifthe lowestageofpublic infrastructure. Alberta’s
foundation isweak, achieving sustained investments in high qualityinfrastructure
prosperity becomesfarmorechallenging. contributetoqualityoflifeforindividuals, and
Overall, Albertahasaverystrongfoundation facilitatetheeaseand costofdoing business.
butthere remains roomforimprovement. Intechnology infrastructure, Alberta ranks2^^
forbroadband internetaccessat home.
Competitiveness Factors:
HUMAN CAPITAL AND EDUCATION
TAXES AND FISCAL POLICY Humancapitalandeducationencompassesthe
collective knowledge, skills, and competencies
Albertaranks2^^ in its netfinancial assetsasa ofAlbertans. Having workerswiththeskills
resultofthe province’s policies related todebt required in theeconomy isessential. Alberta
financing and significant natural resources. generallyfareswell acrossthe 11 measures,
Albertahasa lowcorporate incometax rate especially in apprenticeshiptraining.Alberta
and does not levyothertaxessuch ascapital, students’ high scoresalso reflectfavourably
payroll, and salestaxes. Alberta’s leadership onthe province’sfutureworkforce. However,
inthis indicatormeansthe province iswell Albertadoes lagthe United States in both
positionedto makestrategic investments high school and bachelordegreecompletion.
toenhancecompetitiveness. In additionto education, thesizeand age
oftheworkforce isalso important. Albertahas
REGULATION a relativelyyoung labourforce, yet population
Measuring regulation iscomplex.Thequality, aging remainsan issue.
integration, and processesofregulatory
developmentand reform are important; ACCESS TC CAPITAL MARKETS
moreover, theeffectofregulation on business Accesstocapital influencestheabilityofthe
productivityand innovation isalsoacritical economyto prosperatevery level.Alberta
consideration. Two indicatorsconsidered are hasahigh level offoreign investment in its
thecostsandtimeto startabusiness, which economy, bringing necessarycapital and
is inclusiveofprovincial incorporation and demonstrating confidence inAlberta. Access
municipal licensing and permitting.Alberta’s tocapitalforAlberta resourcefirms isstrong;
majorcities ratewell against international however, the non-resourcesectorfaces
peersandthe provincecontinuestoevaluate challenges in attracting investment. Alberta
therelevancy, transparency, and efficiency ranks H'*"ontheamountofventurecapital
ofgovernment regulation. invested asa percentageofGDP and based
onthe numberofventurecapital dealsclosed
per100,000 people in 2009, Albertaranks9'^
8 HighlightsoftheAlbertaCompetitivenessCouncil’sReportonCompetitiveness:Alberta2010
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Conclusion
The benchmark measurements identify both areasof relativestrength that need to be maintained
aswell asareaswhereAlberta performs lesswell and whereactions by governmentand industry
mayhavethepotentialto boostAlberta’s competitiveness. Italso providesawaytotracktrends
and changes inAlberta’scompetitivenessovertime.
LEGEND
H I I I
Sustained Prosperity Productivity Innovation Foundation
AREASOF COMPETITIVE STRENGTH AREAS OF COMPETITIVE CHALLENGE
-> High level ofGDP percapita -> Lowgrowth rateforreal GDPpercapita
Stronggrowth in personal income -> Lowgrowth in productivity(GDP perhour)
-> Entrepreneurship-numberofbusiness Declining productivityin mining,
start-upsand high growthfirms oil andgas
-> Taxesandfiscal policy -> Amountandgrowthofnon-resourceexports
Good investment in public infrastructure Level ofoverall investmentin R&D
byindustry
Highemploymentrates Level ofemploymentin hightech
manufacturing and knowledgeintensive
serviceindustries
^
Strong high schooltestscores Universitydegreecompletion
-> Highratesofapprenticeshipandvocational/ Accesstoventurecapital
technical post-secondaryeducation
Alberta is in astrong competitive position.
Thegood news iswe haveastrong economy “Competitiveness is notabout
and good qualityof life. Yet, the province’s a low-costlabourforce, the
prosperity is, in part, highlydependenton largestshare ofexports oreven
the resourcesector.Thereportshowsthere
the fastest economic growth.
isworktodo intheareasofproductivity,
innovation, managing ourhuman capital, and Itisaboutcreating theconditions
ensuringthat non-resourcefirmscan access underwhich companies
thefinancial capital they needto prosper. and citizens can be the most
Thefocusmustbeon industryandgovernment productive so that wages
workingtogetherto achievethesegoals.
andreturn on investment
From here, theCouncil will worktowards can supportan attractive
recommendationsforaction; the necessary
standardofliving”
stepsto keepAlberta’seconomyontrack.
Thestakesare high-thefuture prosperity Competitiveness Index: Where
ofAlbertaandAlbertansare being determined
America Stands, US Council
bytheactionsoftoday.
on Competitiveness, 2007
V
HighlightsoftheAlbertaCompetitivenessCouncil’sReportonCompetitiveness:Alberta2010 | 9 -
Competitiveness Benchmarking Summary
ThischartsummarizesAlberta’srelativeratingonall60benchmarksintheCompetitivenessPyramid.
Wheredatawasnotavailable,fewerjurisdictionswereused. Forcomprehensivedataandanalysis
pleaseseethecompletereport.
SUMMARYOFCOMPETITIVENESSBENCHMARKINGINDICATORRESULTSFORALBERTA
LEGEND^
1 Thenumberofjurisdictionscomparedvariesduetoavaiiabiiityofdata.Alberta’srank
isshownrelativetohowmanyjurisdictionswerecomparedforeachmeasure.
00
Excellent(topquintile) 2 TheratingsofExcellent,Good,Average,Weak,andPoortakeintoaccountboth
0 Alberta’srankingamongthejurisdictionscompared,andAlberta’smeasuredvalue
Good(secondquintile) relativetootherjurisdictions.
^
Average(middlequintile)
0
Weak(lowerquintile)
00
Poor(bottomquintile)
10 HighlightsoftheAlbertaCompetitivenessCouncil’sReportonCompetitiveness:Alberta2010
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