Good Reads

Canada comes and goes, but it does not stay: Mapping a Strategy for Canada’s engagement in Asia

Wendy Dobson (2011), “Canada, China and Rising Asia: A Strategic Proposal,” Canadian Council of Chief Executives (October). Five of the world’s top 20 economies are in Asia. China is on course to become the world’s largest economy in the next six years.  Dobson presents a comprehensive set of policy recommendations, and argues that bold leadership is needed to shape Canada’s response to the region.

The Beyond the Border announcement must not be seen as a solution or an end to dialogue

Jayson Myers (2012), “The Canada-US Relationship: A New Path Forward,”  Canadian Manufacturers and Exporters 20/20 Magazine (Jan/Feb).  The December announcement of the Beyond the Border/Regulatory Co-operation Action Plans by Harper and Obama is just the beginning of deeper integration and alignment of Canadian and American economic interests. CME suggests the next step should be a new comprehensive economic and trade agreement that addresses critical elements to future competitiveness in manufacturing.

Stephen Harper skeptical of North American trilateral cooperation in trade

Christopher Sands (2012) “When it comes to trade, Harper doesn’t like three-ways”  Huffington Post (January 2). When it comes to asserting Canadian interests in North America, Harper “appears to believe that progress in reducing economic barriers for Canadians has been faster and more profound when done bilaterally with the United States.”  But is Canada missing out on the opportunity to use the North American bargaining chip in negotiations with third countries?

Uncertainty in Canada’s investment policies keeps foreigners at bay

Philippe Bergevin and Daniel Schwanen (2011) “Reforming the Investment Canada Act: Walk More Softly, Carry a Bigger Stick”  CD Howe Commentary (December). The authors address the question that the politicians won’t: what reforms to the Investment Canada Act are needed to make Canada a more open, attractive environment for foreign direct investment? FDI integrates Canada into global supply chains and creates long-term economic growth. According to Schwanen and Bergevin, in order for Canada to move up the ranks among its OECD peers, we must adopt a national interest test.

G-Zero, North Korea and a few Red Herrings: Eurasia Group maps out the top risks of 2012

Ian Bremmer and David Gordon (2012) “Top Risks 2012”, Eurasia Group (January 3). “The most important macro theme for 2012: The world’s key political decision-makers will be focused heavily on questions of domestic economic stability at the expense of international security concerns at a moment when politics is having unprecedented impact on the global economy. This conflation of global politics and markets defines the formal end of the 9/11 era, a moment when decision-makers sought to isolate globalization from international security concerns.”

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