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Currently viewing articles tagged with Trade.
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Keynes and ‘National Self-Sufficiency’
today’s world it may seem that I am trying to link Keynes with the autarky of, say, North Korea, but of course I am quoting the title of an article he wrote in 1933, in that prior period of great economic crisis of the 1930s, in which he argued the case for national self-sufficiency or, more precisely, for less international finance and less international trade. “I would sympathize… with those who would minimize rather than those who would maximize, economic entanglement among nations [a marvelous phrase]. Ideas, knowledge, science, hospitality, travel – these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible, and, above all, let finance be primarily local.”
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Why A Canada-U.S. Customs Union is a Bad Idea
The potential shutdown of the Canada-U.S. border is a prospect that sends shivers down the spine of corporate Canada. These fears crystallized in the days after the September 11, 2001 terror attacks.
Since that time, pressure has been mounting for a new deal between Canada and the United States to ensure that the border stays open in the future. A new wave of pro-integration literature has emerged with hypothetical proposals for a “strategic bargain” (in the words of the C.D. Howe Institute) with the U.S. across a number of policy areas, including border security, defence policy and immigration.
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