Kevin Lamarque / Reuters
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“Undoing globalization would be very costly....”
Jonathan Ernst / Reuters
The Trump administration fancies the use of protectionist measures to boost production and employment in the U.S., to the detriment of other countries if need be. Such interference with economic globalization wouldn't just infringe on prosperity. It would probably also rekindle old and new political conflicts.
Morris MacMatzen / Reuters
In re-opening NAFTA, President Trump runs the risk of falling into the same kind of black hole created by Smoot-Hawley 87 years ago. Millions of Americans eventually lost everything after having been sucked in by their government's predictions of prosperity -- much in the same way as they are being sucked in today.
The Trudeau government has been calling CETA the "most progressive" free trade deal ever. But the deal does not require the payment of living wages; it does not mandate a crackdown on tax evasion; and it certainly does not try to guarantee the "peace of mind ... that come[s] with stable, full-time contracts."
Jason Lee / Reuters
Trump may not want a fight — only a quick political victory.
Carlo Allegri / Reuters
Climate change is "Made in China," but they get off scot-free. We need to admit one simple truth: handicapping Canadians with a tax will have zero effect on global climate change. However, that doesn't mean we can't exert influence and pursue real solutions.
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Latest economic outlook "subject to considerable uncertainty" because no one knows what Trump will do.
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But currency traders could defeat the proposed border tax.
It's the non-energy exporters who have something to fear.
Photo: Maude Barlow, Chair of the Council of Canadians at a massive rally in Stuttgart, Germany against CETA and TTIP. (Council of Canadians) So the unthinkable has happened: president-elect Trump, th...
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The prime minister said protectionist views are unlikely to creep into Canada.
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Cheaper Canadian lumber will be seen as "unfair."
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From an environmental perspective, trade agreements have both positive and negative aspects. They have the negative effect of slowing down the development of unilateral environmental regulations, but they have a positive effect by forcing environmental laggards to catch up with the pack.
Will the decades of multilateral effort and untold resources that have been devoted to freeing up global trade flows continue, or will protectionism, international trade's arch enemy, be the recession's enduring legacy? There are at least 10 reasons to speed the death of neo-protectionism.
Even before the last economic cycle ended, the bell was tolling. The onset of crisis compounded the doomsaying. Me-first nationalism swept across the planet, threatening to undo the vast global integration that was the last cycle's hallmark. Is globalization dead?
When international trade collapsed in 2009, the Canadian economy turned inward, and for a change, discovered a steady source of growth. That source is now tapped out, and economy-watchers have for some time turned their eyes back to trade. So far, the view has been uninspiring. Will Canadian trade carry growth forward, or is our hopeful gaze in for a big disappointment?
Plenty of people will shamelessly demand government spend lots of extra money to "buy local," even if the cost is millions or billions of dollars more. This is daft. The notion that jobs in Canada come at the cost of employment in Japan, India, China or Germany, or vice-versa, is profoundly mistaken. Jobs can be created in one's own country and abroad at the same time.
Canadians have more of a protectionist streak than their American counterparts, suggests a new Abacus data poll that looks at foreign investment in the resources sector. In the poll released Tuesday,...
"Indignados" (the indignants) occupy city squares in Spain on a permanent basis, and now the Wall Street protests have taken root and will only grow in size and intensity. These protests, while poorly organized and rag-tag, will become the migraine of politics, not fatal but nagging and potentially dangerous.
WASHINGTON - Call it Buy American, The Sequel.U.S. President Barack Obama's proposed new $447 billion American Jobs Act is aimed at creating much-needed jobs in the United States, but it's also reigni...