Canada's Economy

Paper Summary:

The paper discusses the postwar development of Canada when the economy was based on the Keynesian model. The paper also looks at the second period of the economy's development which used influences from the American system of economics. The paper then shows how the Canadian government tried to adapt the society as well as the economy to the increasing needs of globalization.

From the Paper:

"The postwar period represented an important challenge for the theorists as well the practitioners in the economic field. There have been wide debates on the actual structure that should be formed in order to cater for the needs of the economies throughout the world. Certain theories emerged that tried to take into account the necessities of each country as well as the necessities of a growing world economy. However, not all states were successful enough to consider all the aspects of their national economies. In this sense, some failed, while others gained increasing control over their own industrial potential and the regional one as well."

Sample of Sources Used:

• Clement, Wallace, and Vosko Leah F. Changing Canada: Political Economy as Transformation. Montreal: McGill-Queen's. 2003.
• Jackson J. Spielvogel, Western Civilization: A Brief History. Volume II. Pennsylvania State University. 2008.
• Neill, Robin. A History of Canadian Economic Thought. London and New York: Routledge, 1991.
• Seymour E. Harris, The New Economics: Keynes' Influence on Theory and Public Policy. Alfred A. Knopf: New York, 1947, 5

More papers on Canada's Economy:

• Research Paper # 68509 : "Canada's Great Depression"
• Essay # 83488 : "Canada's Political Economy"
• Analytical Essay # 148957 : "Impact of Inflation on the Canadian Economy"
• Analytical Essay # 131073 : "Unemployment Insurance Policy and the Economy"

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