Canadian foreign policy and international economic regimes by A. Claire Cutler, Mark W. Zacher

By A. Claire Cutler, Mark W. Zacher

Because the global economic system is turning into more and more worldwide in nature, the way forward for Canada's welfare will without delay rely on the country's reaction and response to quite a lot of fiscal regimes which govern the foreign financial system. This quantity goals to supply a massive and well timed research of prior and present Canadian guidelines towards either the formal and not more formal preparations which keep watch over such parts as foreign alternate and fiscal transaction, overseas provider industries, fisheries assets, and the surroundings. frequently stimulated via household political issues and its kinfolk with the USA, Canada has, because the members indicate, exhibited a excessive measure of version in its responses to those regimes. "Canadian overseas coverage and the overseas fiscal Order" addresses a large variety of international monetary regulations no longer usually thought of within the international coverage literature. Interdisciplinary in its strategy, it can be of curiosity to scholar and researchers in political technology and public coverage, economics, and legislations, in addition to to these focused on foreign company. Interdisciplinary in its process, it will likely be of curiosity to scholars and researchers in political technological know-how and public coverage, economics, and legislation, in addition to to these curious about overseas company. "A. Claire Cutler is an Assistant Professor at Simon Fraser college and a Doctoral Candidate on the collage of British Columbia. Mark W. Zacher is Director of the Institute of diplomacy and a Professor within the division of Political technological know-how on the collage of British Columbia.".

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Canada participated more actively in these negotiations than it had in the earlier Kennedy Round. Canadian representatives again raised the possibility of negotiating improved market access on a sector basis, but this suggestion was brushed aside by the major economic powers who were intent on developing an ambitious tariff-cutting formula to be applied to all industrial trade. This time around Canada agreed to be part of the 'linear' tariff negotiations involving all developed countries. As a result, Canada - along with other OECD countries committed itself at the close of the round to slashing its non-agricultural tariffs by an average of 40 per cent between 1979 and 1987.

A few speculative observations on Canada's future role in a multilateral trading system in the light of current trends in the wider global economy close the chapter. 22 Regulation of International Trade TRADE POLICY THROUGH THE 1970s The Early Postwar Period Canada was deeply involved in the deliberations that led to the creation of the GATT in 1947 and supplied the organization's first executive director, Mr. Dana Wilgress. Since 1947, the GATT has been at the centre of Canadian trade policy. It has influenced the content of Canada's trade laws and import regulations and has served as the principal instrument governing Canada's trade with the United States (until 1989), Japan, and most other trading partners.

FTA), the integration of global production and finance has proceeded much farther and faster. Thus, a significant gap exists between, on the one hand, the 'economic reality' of increasing interdependence, the global strategies being adopted by business enterprises, and the growing international flow of goods, services and investment, and, on the other, the generally piecemeal and halting policy and regulatory responses of governments and international institutions. The possibility of further fragmentation or even an unravelling of the GATT regime in the 19905 cannot be discounted, particularly if the Uruguay Round is seen as a failure by any or all of the major economic powers.

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