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Breaking Free: A Post-mercantilist Trade and Productivity Agenda for Canada

Author

Listed:
  • Michael Hart

    (Carleton University)

Abstract

To revitalize its flagging trade and productivity performance, Canada needs to adapt its international trade and investment policies to a world of value chains, evolving trade and investment patterns, and deepening global integration. To be more competitive in this context, Canada needs to wean itself more completely from a mercantilist approach best suited to an era in which it was assumed that products and firms had clear national identities, which is rarely the case today. Canada should not wait for a hypothetical “payoff” from negotiations with other countries, but instead proceed in its own interest to remove home-grown impediments to trade.

Suggested Citation

  • Michael Hart, 2012. "Breaking Free: A Post-mercantilist Trade and Productivity Agenda for Canada," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 357, August.
    • Handle: RePEc:cdh:commen:357
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    File URL: https://www.cdhowe.org/public-policy-research/breaking-free-post-mercantilist-trade-and-productivity-agenda-canada
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    References listed on IDEAS

    as
    1. Howard Lewis III & J. David Richardson, 2001. "Why Global Commitment Really Matters!," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 329, October.
    2. Laura Dawson, 2012. "Can Canada Join the Trans-Pacific Partnership? Why just wanting it is not enough," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 340, February.
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    Citations

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    Cited by:

    1. Philip Cross & Philippe Bergevin, 2012. "Turning Points: Business Cycles in Canada Since 1926," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 366, October.
    2. Philippe Bergevin & William B.P. Robson, 2012. "More RRBs, Please! Why Ottawa Should Issue More Inflation-Indexed Bonds," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 363, September.

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    More about this item

    Keywords

    Trade and International Policy; Canada; mercantilist approach;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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