Free Trade: Bad For Canada Persuasive Essay by Master Researcher

Free Trade: Bad For Canada
An argument that the U.S.-Canadian Free Trade Agreement has been detrimental for Canada.
# 33995 | 2,400 words | 9 sources | MLA | 2002 | US
Published on Nov 07, 2003 in Canadian Studies (Economics and Finance)

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This paper discusses how globalization, by facilitating the Free Trade Agreement, has robbed Canada of its own political and economic sovereignty. The paper explains that Canadian governments have lost the capacity to represent their own citizens, since multinational corporations have gained control over many political and economic decisions in Canada. In addition, the paper explains that globalization has set loose the forces of privatization and deregulation, which have played a large role in dismantling Canada's safety net. The paper argues that nations need to fight the process of globalization, while the international community must come up with ways to regulate unchecked market forces.

Thesis Statement

From the Paper:

"There has always been much concern in Canada that free trade would cause Canada to integrate itself too deeply in the American economy. Through this process it was feared that Canada would lose its own identity. This is because a direct link exists between economic power and cultural ideology. There was, of course, little that could be done about growing American economic pressure. Back in the 1970s, for example, the Liberal government of Pierre Trudeau government had outlined the options of protectionism, continentalism, and increased trade with the rest of the world. It did this to offset the overwhelming influence of the United States on Canada. This is why, at that time, the government had favoured world trade; it called it the "Third Option". Notwithstanding this effort, however, the Liberal government failed to reverse the continental trend of the merging of the Canadian and American economies. Indeed, by the early 1980s, the Third Option of trade diversification was not working. By 1983, more than 73% of all Canadian exports were going to the United States, up from 69% in 1972. While this reality certainly offered benefits to the Canadian economy, there was a severe price that Canada had to pay."

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