Strengthening the economic union: a possible compromise

Article Abstract:

Economic Council of Canada Chmn Judith Maxwell believes that a need for compromise exists if the economic union is to be preserved. Maxwell, who articulated her personal views in a speech to businessmen in Quebec, suggests that the compromise should focus on four basic issues: increased decentralization to the provincial level, improvement of the formula for equalization used to reduce inter-provincial disparities in taxes and services, extension to other provinces of the right to negotiate special arrangements granted specific provinces, and enhancement of the provinces' commitment to better management of the economic union. Noting that the failure to reach a compromise would only lead to a destabilizing economic crisis, Maxwell also stressed that the Canadian economic union is not only a desirable political ideal but also an absolute economic necessity.

Economic policy, National government, Federal government

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The economic performance of immigrants

Article Abstract:

Research that uses data taken from the 1986 Canadian Census reveals that immigrants compare favorably with native-born Canadians in terms of economic gains achieved. Economist Arnold deSilva, who conducted the research as part of a 1991 special project sponsored by the Economic Council of Canada, has published the results of this research in the report 'Earnings of Immigrants.' Among others, the report reveals that labor-force participation rates are slightly higher among immigrants than among native-born Canadians, that established immigrants tend to have lower unemployment rates, and that most new immigrants have come from the Third World. However, apart from an understandably low regard for college degrees earned outside Canada, the report concludes that for all intents and purposes, no significant economic discrimination exists against immigrants.

Emigration and immigration

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Red card: change in immigration laws fails to attract investors

Article Abstract:

A change that Congress enacted in immigration law in Oct 1991 has failed to lure foreign investors into immigrating to the US. The law, which gives priority to any immigrant willing to invest more than $1 million in the US, has attracted only 274 petitioners by Apr 30, 1993, far fewer than expected. Few wealthy immigrants from Hongkong responded to the law because most of them have already gone to other countries. Moreover, the subjection of international holdings to US taxation has discouraged many potential immigrants.

Laws, regulations and rules, Investors, Emigration and immigration law, Immigration law

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