Canada's Economy

Paper Summary:

The paper presents an overview of the robust Canadian economy but reveals that the economy has a problem of uncontrolled public debt. The paper evaluates the increase in foreign investment and shows how, contrary to the beliefs of many, it has played a significant role in the strengthening of the economy. The paper therefore concludes that economists should focus on international debt as the real threat to the Canadian economy.

Outline:
Introduction
Overview of Canadian Economy
The Negative Side of the Canadian Economy
The Increase in Foreign Investment
Conclusion

From the Paper:

"In recent years, Canada's economy has quickly developed into an international leader. Even the Canadian Dollar has eclipsed the United States Dollar in might. The question is, what is the cause of Canada's robust economy? One major contributing factor is the role of international business, whether that be imports, exports or buyouts. The increase in international takeovers in Canada cannot be ignored as a reason for the economic turnaround, however, there is the lingering question of whether or not this increase in international takeovers is actually hollowing out the Canadian economy and, if so, will this eventually set the economy heading in the reverse direction."

Sample of Sources Used:

• Central Intelligence Agency. (2005): CIA World Factbook: Canada. Washington, D.C.: U.S. Government Publishing.
• Fortin, Pierre. (1995). The Canadian Fiscal Problem: The Macroeconomic Connection. Atlantic Economic Journal.
• Howlett, Michael and M. Ramesh. (1992). Political Economy of Canada: An Introduction. Toronto: McClelland and Steward.
• Longworth, David. (2007). Canadian Monetary Policy. www.About.com:Economics.
• Vieira, Paul. (2007): "Little Evidence of 'Hollowing Out' of Corporate Canada: StatsCan." Financial Post.

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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