TITLE

CANADA AND ITS ECONOMIC DISCONTENTS

AUTHOR(S)
Dunn Jr., Robert M.
PUB. DATE
October 1973
SOURCE
Foreign Affairs;Oct73, Vol. 52 Issue 1, p119
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers a look at the strained relations between the Canadian and U.S. governments in 1973. A few of the problems are, of course, primarily political in nature. But the dominant ones, those above all that touch the Canadian people widely and concretely, are in the economic sphere. Today, differences over international monetary arrangements and trade restrictions present short-term problems. But overshadowing these are two far graver matters: the role of American investment in Canada and Canada's emerging effort to change the basic structure of its economy. In the field of international finance, Canada has pursued an independent line for some time, having experimented with flexible exchange rates from 1950 to 1962 and then, in June 1970, returning to a floating rate. In the end, the revaluation of currencies, especially the yen and the mark, helped the competitive position of Canadian industry, notably auto manufacturing. Yet, in its narrow sense, Canadian concern over American trade policy is now less than it was in 1971-72. The issues of American investment and the structure of the Canadian economy are more serious and lasting. Both have been aggravated by the differences on trade and monetary policy. There are a number of reasons for the desire among many Canadians to be as independent of the U.S. as possible. One is a rapidly growing Canadian self-awareness and nationalism. On the U.S. side, most Americans, including those familiar with international affairs, are insufficiently aware of the extent to which the U.S.-Canadian relationship has changed, and might be more generally described as only dimly aware of Canada in any sense, both because it is so close and because it appears to be so utterly unexotic.
ACCESSION #
5811336

 

Related Articles

  • UNITED NATIONS: ECONOMIC AND SOCIAL COUNCIL.  // International Organization;Jun48, Vol. 2 Issue 2, p317 

    This article covers the sixth session of the United Nations Economic and Social Council convened at Lake Success, in New York on February 2, 1948. The discussion of world economic conditions and trends in ECOSOC showed tat, despite tremendous progress in the war-devastated countries, world...

  • ECONOMIC VALENCES OF THE NATIONAL INTEREST IN THE CONTEXT OF FOREIGN DIRECT INVESTMENTS' INFLOWS. MILEA, CAMELIA; AILINCĂ, ALINA GEORGETA // Annals of 'Constantin Brancusi' University of Targu-Jiu. Economy;Mar2015, Vol. 1 Issue 1, p76 

    In the context of globalization and the tightening of relationships among countries, we consider to be important an analysis of the national interest of an economy. The national interest is a complex concept consisting of many interests that occur at several levels, converging towards assuring...

  • Can process conditionality enhance aid effectiveness? Hefeker, Carsten; Michaelowa, Katharina // Public Choice;Jan2005, Vol. 122 Issue 1/2, p159 

    The article discusses whether process conditionality enhance aid effectiveness. There is now a wide-spread consensus that development aid is successful only under certain circumstances, and that there is no general positive relation between aid and growth. The question therefore is how aid can...

  • Einschränkung der Nationalen Gestaltungsmöglichkeiten Angesichts der Wachsenden Globalisierung und die Rolle der Zivilgesellschaft für Mögliche Gegenstrategien. Müller, Friedrich // Revista Seqüência;dez2012, Vol. 33 Issue 65, p17 

    The nation-state has been severely restricted in the course of globalization in its effect, especially in economic, financial, social and environmental policy. But even so it became unnecessary. Because the nation state retains at the same time crucial political functions in the defense of the...

  • POLITICAL AND REGIONAL ORGANIZATIONS: Organization for European Economic Cooperation.  // International Organization;Feb52, Vol. 6 Issue 1, p147 

    This article reports on the activities of the Organization for European Economic Cooperation. An arrangement proposed by the managing board of the European Payments Union (EPU) to meet the situation which had arisen as a result of Belgium's having granted to other member countries far in excess...

  • Development Assistance Committee High Level Meeting 15-16 April 2004.  // DAC Journal;2004, Vol. 5 Issue 2, p7 

    The DAC High Level Meeting is a unique gathering of aid ministers and heads of aid agencies from OECD governments together with senior officials from the World Bank, the IMF and UNDP. They met in Paris on 15-16 April to review aid and security issues; aid volume and effectiveness; and the growth...

  • AID, TRADE AND ECONOMIC DEVELOPMENT THE CHANGING POLITICAL CONTEXT. Stanovnik, Janez // Foreign Affairs;Jan1964, Vol. 42 Issue 2, p242 

    Policies of trade and aid pursued far toward the developing countries have not yielded encouraging results. The developing countries can no longer be an object in world policy as they must become a subject of policy in an equal footing with others. In order to attain that status, however, they...

  • Mundell's International Economics: Adaptations and Debates. Boyer, Russell S.; Young, Warren // IMF Staff Papers;2005 Special Issue, Vol. 52, p160 

    Most of the chapters in Mundell's International Economics differ, owing to adaptation, from the original sources. The revisions yield valuable insights into the contributions made by the initial publications. In this paper we look only at the changes that take the form of elisions of material....

  • Aid Agencies and Land Reform in Latin America: A Suggested Change in Policy. Adams, Dale W. // Land Economics;Nov70, Vol. 46 Issue 4, p423 

    As, the Alliance for Progress was directed at a broad range of pressing problems in Latin America. With the help of substantial external assistance, some progress has been made. A number of Latin American countries, for example, now have sufficient industrial capacity to produce most of the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics