A fitful recovery
Article Abstract:
Canada is expected to make a slow and difficult economic recovery as a result of the recessions of the 1980s and the 1990s, an inflation of consumer prices, and a decrease in total outputs. The Economic Council of Canada's 28th Annual Review, 'A Joint Venture,' notes of the serious impact of persistently high levels of unemployment on Canadians. This unemployment issue reflects the impact of economic problems, such as federal deficit and industrial inefficiency, on political and social problems. The Council's report proposes two key changes to improve Canada's economy and raise the standard of living. One way is through the restructuring of Canadian industry to create higher-value-added-products. Another is by introducing changes in economic policy to address the problems of unemployment, federal debt, and inflation.
Publication Name: Au Courant
Subject: Business, international
ISSN: 0226-224X
Year: 1991
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Constitutional options and transition costs
Article Abstract:
Long-term effects will be seen in the Canadian economy as a result of the selected consitutional option for Canada. Both positive and negative impacts will be made on the economy regardless of the chosen option. The Economic Council of Canada's 28th Annual Review 'A Joint Venture' considers some of these options. Among the constitutional proposals are the existing political structure, decentralization on a moderate or extensive-scale, sovereignty-association, or a regional confederacy. A cost-and-benefit analysis was used to determine the viability of each option using as factors the following: effect on economic integration, transition costs, efficiency gains, dynamic gains, and the long-term effects of a revamp of taxes, transfers, and spending functions on per capita income in the proposed system.
Publication Name: Au Courant
Subject: Business, international
ISSN: 0226-224X
Year: 1991
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Policy coordination
Article Abstract:
The integration of the Canadian market calls for a coordination of policy among the provincial governments, and between provinces and the federal government. The areas which call for greater cooperation and policy development involve tax and fiscal policy. Potential barriers to coordination between governments lie in the diversity of languages, geographical distance, and the discriminatory effects of government policy regarding the flow of trade, capital and labor.
Publication Name: Au Courant
Subject: Business, international
ISSN: 0226-224X
Year: 1991
User Contributions:
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