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The Canada-U.S Economic Relationship

The Canada-U.S Economic Relationship. Peace Arch Crossing State Department Photo. “America’s Unhappy Borders” The Economist , 8/27/05. Study Canada Summer Institute, 2010 Dr. Paul A. Storer. Outline of Talk. Canada-U.S. Interdpendence: - National and Regional Trade

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The Canada-U.S Economic Relationship

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  1. The Canada-U.S Economic Relationship Peace Arch Crossing State Department Photo “America’s Unhappy Borders” The Economist, 8/27/05 Study Canada Summer Institute, 2010 Dr. Paul A. Storer

  2. Outline of Talk • Canada-U.S. Interdpendence: - National and Regional Trade • Lessons from Canada: - Environment - Health Care - Banking System - Inequality and Social Programs - Costs and Benefits of Trade

  3. Source: Embassy of Canada

  4. Canada’s Rank for States’ Exports of Goods Source: http://www.canadainternational.gc.ca/washington/

  5. Canada-U.S. Integration • 36 states have Canada as their largest export market. • More than 40% of Canada-U.S. trade is within-firm trade. Clusters (eg autos) matter. • Strong growth of intra-industry trade.

  6. Tradition …

  7. The Modern Canadian Economy: Technology …

  8. …Transportation.

  9. Bellingham Airport Bellingham Herald October 26, 2006

  10. The Modern Canadian Economy:ContinentalIntegration&“JIT”

  11. SeaTac Airport • Source: http://farm4.static.flickr.com/3379/3198460812_79dd9093c2.jpg

  12. (Exports + Imports)/GDP

  13. Trade As a Fraction of GDP: Canada

  14. Canada-U.S. Free Trade: A Break with History Source: Hart, M. A Trading Nation

  15. Free Trade Agreements • Canada-U.S. 1989, add Mexico in 1994. • Both countries have signed other agreements (U.S. more active lately) • NAFTA is much less ambitious than the EMU: no labor mobility, customs union, or common currency.

  16. “Greedy” American Wolves Sir John A. Macdonald The Tariff “Wall” Happy Canadian Farmers And Manufacturers

  17. Source: Hart, M. A Trading Nation

  18. Source: Hart, M. A Trading Nation

  19. Energy Trade An Important Supplier of Secure Energy

  20. U.S. Petroleum Imports (2006)(Source: U.S. Energy Info. Agency)

  21. U.S. Petroleum Imports (2006)(Source: U.S. Energy Info. Agency)

  22. Source: http://www.pse.com/energyEnvironment/EnergySupply_NaturalGasProfile.aspx

  23. Source: “The World’s Largest Trading Relationship”, Embassy of Canada.

  24. Oil Sands Reserves Source: www.ubc.ca

  25. Source: www.guardian.com

  26. Environment and Natural Resources National versus Regional Policies

  27. Globe and Mail, Dec. 11, 2002

  28. B.C. Carbon Tax Program

  29. Source: 2008 Budget, B.C. Ministry of Finance

  30. Source: 2008 Budget, B.C. Ministry of Finance

  31. Health Care Are we following the Canadian path?

  32. June 9, 2009

  33. Health Care Spending, % of GDP, 2003

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