Canada's Political Economy
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This paper relates that America has made Canada dependent on its own resources because of the massive military industrial complex it possesses. The author points out that, due to these economic measures, Canada is bound to resource development and is subject to foreign enterprises, which use Canadian workers for lower wages because of NAFTA. The paper states that, since Canada has not developed a stronger innovative and manufacturing sector along more nationalized lines, it will continue to be enslaved by American economic dominance.
From the Paper:"The first economic aspect of the Williams/Clement article reflects the reliance upon British investment to create the groundwork for Canadian trade throughout the world. This reliance became the manufacturing sectors primary directive until economic problems in the 80's limited Canada's trade powers. In this manner, American companies gained more power in nationalizing trade by working with Canada in building up the economy. The FTA agreement helped to encourage more power from American companies that superseded Canada's own manufacturing base in Ottawa."
Cite this Essay:
Canada's Political Economy (2005, December 01) Retrieved October 22, 2019, from https://www.academon.com/essay/canada-political-economy-83488/
"Canada's Political Economy" 01 December 2005. Web. 22 October. 2019. <https://www.academon.com/essay/canada-political-economy-83488/>