Canada's Future in a World of Trade Blocs: A Proposal
Author(s) -
Ronald J. Wonnacott
Publication year - 1975
Publication title -
canadian public policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.397
H-Index - 33
eISSN - 1911-9917
pISSN - 0317-0861
DOI - 10.2307/3549842
Subject(s) - international trade , world trade , political science , economics
The increasing subdivision of the world into trade blocs has had particularly adverse effects on Canada, the only remaining industrially developed Western country without free access to one of the large markets on which industrial efficiency now depends. Accordingly, it is important for Canada not only to support the current round of Gatt negotiations, but also simultaneously to pursue some initiative along the lines proposed here: namely reciprocal tariff-free entry into the us market on the one hand and the European market on the other. The reasons why this would be particularly beneficial for Canada are set out, along with the reasons why the us and Europe might be prepared to cooperate. Le Canada a particulibrement ete d6savantag6 par la tendance du monde actuel, 'a se diviser en blocs commerciaux. Ainsi, il demeure le seul pays industriel de l'Occident qui n'a pas libre acces 'a l'un des grands marches dont depend aujourd'hui le rendement du secteur industriel. 11 est donc important pour le Canada, non seulement d'appuyer la phase actuelle des n6gociations au sein du Gatt, mais aussi, en meme temps, de faire preuve d'une certaine initiative, qui irait dans ce sens: a savoir, la suppression
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