Canada's Macroeconomic Environment

Paper Summary:

This paper focuses on how liberalization and globalization, in a shift towards global competitiveness, have affected the outlook and practice of Canadian business objectives and management. The author points out examples of less expected developments in the traditional commodity markets, which needed changes in outlook and direction. The paper uses several references including Tom Wesson's collection of papers.

From the Paper:

"Since the late 1980s, Canada has continued to adjust to a neo-liberal global economy as well as changes brought with Free Trade and the North American Free Trade Agreement (NAFTA). As Barrows & Cotsomitis (2001) emphasize, a fairly protected Canadian market economy that was sometimes subsidized has had to adjust rapidly to a guiding concept of global competitiveness (p. 3). This paper examines Canada's position in a much changed contemporary world economy with special attention to the challenges that this changed environment and its business culture poses for how Canada understands management and management standards."

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