Presentation on theme: "The Canada-U.S Economic Relationship Study Canada Summer Institute, 2010 Dr. Paul A. Storer Americas Unhappy Borders The Economist, 8/27/05 Peace Arch."— Presentation transcript:
The Canada-U.S Economic Relationship Study Canada Summer Institute, 2010 Dr. Paul A. Storer Americas Unhappy Borders The Economist, 8/27/05 Peace Arch Crossing State Department Photo
Outline of Talk Canada-U.S. Interdpendence: - National and Regional Trade Lessons from Canada: - Environment - Health Care - Banking System - Inequality and Social Programs - Costs and Benefits of Trade
Source: Embassy of CanadaEmbassy of Canada
Source: / Canadas Rank for States Exports of Goods
Canada-U.S. Integration 36 states have Canada as their largest export market. More than 40% of Canada-U.S. trade is within-firm trade. Clusters (eg autos) matter. Strong growth of intra-industry trade.
The Modern Canadian Economy: Technology …
Bellingham Airport Bellingham Herald October 26, 2006
The Modern Canadian Economy: Continental Integration & JIT
SeaTac Airport Source:
(Exports + Imports)/GDP
Trade As a Fraction of GDP: Canada
Source: Hart, M. A Trading Nation Canada- U.S. Free Trade: A Break with History
Free Trade Agreements Canada-U.S. 1989, add Mexico in Both countries have signed other agreements (U.S. more active lately) NAFTA is much less ambitious than the EMU: no labor mobility, customs union, or common currency.
The Tariff Wall Greedy American Wolves Happy Canadian Farmers And Manufacturers Sir John A. Macdonald
Source: Hart, M. A Trading Nation
Energy Trade An Important Supplier of Secure Energy
U.S. Petroleum Imports (2006) (Source: U.S. Energy Info. Agency)
Source: The Worlds Largest Trading Relationship, Embassy of Canada.
Oil Sands Reserves Source:
Environment and Natural Resources National versus Regional Policies
Globe and Mail, Dec. 11, 2002
B.C. Carbon Tax Program
Source: 2008 Budget, B.C. Ministry of Finance
Health Care Are we following the Canadian path?
June 9, 2009
Health Care Spending, % of GDP, 2003
Health Care as a % of GDP U.S. Canada
Banking and Finance Did Canada Get it right?
The Economist, U.S. Edition, May 23, 2009
Source: Bank of Canada Web site
Social Programs and the Role of Government
Free trade agreement
Free trade agreement
Increasing Inequality of Income Free trade agreement
Taxes in Canada The level and mix of taxes.
Canada: 40% U.S.: 31%
Trade, Culture, and Sovereignty Source: Aislin Cartoon Montreal Gazette Source: Molson I Am Canadian ad
The Post-9/11 Reality How do we balance security and integration?
Canada: A Source of Vulnerabilities? Source: Bellingham Herald Source: ABC newsSource: International Border Commission
Alphabet Soup Programs
DHS Secretary Napolitano: Hope and Change? View #1: the myth Im trying to bust is that theres no real border between Canada and the United States View #2: We dont want to damage economic security in the name of homeland security. Source: Globe and Mail
U.S. – Canada Softwood Lumber Agreement 2006 January 2007