Differentiating Canada: The Future of the Canada-US Relationship

The School of Public Policy Publications, Vol. 3, Issue 7, November 2010

26 Pages Posted: 17 Oct 2017

See all articles by Wendy Dobson

Wendy Dobson

University of Toronto - Rotman School of Management

Diana Kuzmanovic

University of Toronto

Date Written: November 28, 2010

Abstract

Turbulence will mark the world economy in the coming decade as Canada’s traditional trading partners in North America and Europe struggle with slow growth and rising structural unemployment and move, as they must, to restore the health of their public finances. Settling for the status quo is not a compelling option as the US border thickens and Canada stays on the sidelines in two areas vital to its long-term interest: climate change policy and trade liberalization.

In this context, the Policy Brief evaluates the strategic options for Canada’s long-standing economic relationship with the United States. The authors propose a two-part proactive strategy. The first part is for Canada to differentiate its economy by building on its macroeconomic, financial and energy strengths relative to the United States and by shaping a best-practice North American climate change policy. The second part of the strategy is to deepen NAFTA by participating in the Trans-Pacific Partnership (TPP), a comprehensive, high-quality FTA that has strategic attention of the US administration. Any country can join by accepting the agreement’s provisions. The TPP offers at least two strategic opportunities: a comprehensive negotiation in which Canada, the United States and Mexico could upgrade NAFTA and a way to diversify and deepen trade and investment liberalization with major economies in the Asia-Pacific region.

Suggested Citation

Dobson, Wendy and Kuzmanovic, Diana, Differentiating Canada: The Future of the Canada-US Relationship (November 28, 2010). The School of Public Policy Publications, Vol. 3, Issue 7, November 2010, Available at SSRN: https://ssrn.com/abstract=3054247

Wendy Dobson (Contact Author)

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada
416-978-2451 (Phone)
N/A (Fax)

HOME PAGE: http://www.rotman.utoronto.ca/dobson/

Diana Kuzmanovic

University of Toronto ( email )

Toronto, Ontario M5S 3G8
Canada

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