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Trade, Industrial Policy, and International Competition, Second Edition |
eBook Available
An economic prescription for Canada.
Richard Harris’s now classic study on trade and industrial policy was written for the Royal Commission on the Economic Union and Development Prospects for Canada (also known as the Macdonald Commission). First published in 1985 when the Canadian economy faced dramatic changes arising from the emergence of manufacturing competitors among newly industrialized nations and increased protectionism in the US, its recommendations were instrumental in the negotiation of the North America Free Trade Agreement.
Addressing the key issues surrounding the design and choice of policies for the Canadian economy, Trade, Industrial Policy, and International Competition reviews the theory and evidence concerning trade liberalization as a mechanism to enhance economic growth, disinvestment in sections that are disadvantageous in the international marketplace, and future problems for the marketing sector caused by increasing competition from developing countries. Drawing from many streams of conventional economic thinking, Harris develops an original and sophisticated model for assessing the broader economic impacts of trade liberalization on the Canadian economy. He concludes that free trade and industrial policy should be regarded as complementary, not substitutes for one another, and recommends a free trade agreement with the United States as a top priority.
A new introduction by David Wolfe situates this work within its time and shows how Harris’s analytical insights and policy prescriptions are as relevant today as they when they were originally crafted three decades ago.
Addressing the key issues surrounding the design and choice of policies for the Canadian economy, Trade, Industrial Policy, and International Competition reviews the theory and evidence concerning trade liberalization as a mechanism to enhance economic growth, disinvestment in sections that are disadvantageous in the international marketplace, and future problems for the marketing sector caused by increasing competition from developing countries. Drawing from many streams of conventional economic thinking, Harris develops an original and sophisticated model for assessing the broader economic impacts of trade liberalization on the Canadian economy. He concludes that free trade and industrial policy should be regarded as complementary, not substitutes for one another, and recommends a free trade agreement with the United States as a top priority.
A new introduction by David Wolfe situates this work within its time and shows how Harris’s analytical insights and policy prescriptions are as relevant today as they when they were originally crafted three decades ago.
Details
Part of the Carleton Library Series (number 236 in series)
194 Pages, 6 x 9
ISBN 9780773545977
November 2015
Formats: Cloth, Paperback, eBook
Richard G. Harris is professor of economics at Simon Fraser University.
David A. Wolfe is professor of political science and co-director of the Innovation Policy Lab at the Munk School of Global Affairs, University of Toronto.
David A. Wolfe is professor of political science and co-director of the Innovation Policy Lab at the Munk School of Global Affairs, University of Toronto.
CONTENTS
Introduction to the Carleton Library Series Edition - vii
Foreword - xxxiii
Introduction - xxxv
Preface - xxxix
Acknowledgments - xli
1 The Dilemma of Canadian Economic Development
in the 1980s - 1
2 Trade and the World Economy - 17
3 The Classic Theory of Comparative Advantage and
its Implications for Canada - 37
4 Economic Integration - 57
5 Entry Barriers and Competition in the Small Open Economy - 75
6 Schumpeterian Competition and the Small Open Economy - 93
7 Industrial Policy in the Small Open Economy - 111
8 Conclusion and Summary - 145
Notes - 154
Bibliography - 161
Introduction to the Carleton Library Series Edition - vii
Foreword - xxxiii
Introduction - xxxv
Preface - xxxix
Acknowledgments - xli
1 The Dilemma of Canadian Economic Development
in the 1980s - 1
2 Trade and the World Economy - 17
3 The Classic Theory of Comparative Advantage and
its Implications for Canada - 37
4 Economic Integration - 57
5 Entry Barriers and Competition in the Small Open Economy - 75
6 Schumpeterian Competition and the Small Open Economy - 93
7 Industrial Policy in the Small Open Economy - 111
8 Conclusion and Summary - 145
Notes - 154
Bibliography - 161
9780773545960
$115.00 CAD
Cloth
