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... This had a major impact on Canada’s globalization, it started a dramatic increase in the flow of trade and made the Canadian economy integrate with that of the United States. ... Thus, when there was economic sluggishness in the United States, like in 2001-2002 the Canadian economy suffered that same fate. ... On a brighter note one of the biggest key strengths in the Canadian economy is the substantial trade surplus. (2)
Canada continues to change and in 1999 to further globalization took two dramatic steps in social policy. ... The plan instead called for the privatization of the Canadian health care system. ... The process of globalization creates an enviable playing field for economic growth by limiting the amount of trade barriers and opening up the free market. ... (4)
In the even more recent years Canada has had to deal with protectionists like who fear the possibility of the loss of both Canadian industry and thousands of jobs. Maude Barlow and Buzz Hargrove and many others have written negative articles and books about globalization. ... William Greider of Rolling Stone threw everything and the kitchen sink against globalization. But, still Globalization lurches forward in progression anyway.
On the other hand the key players of globalization were responding with these three reasons. First, globalization will provide an equal opportunity, on a level playing field, for potential success. ... Second, globalization will open up the lines of international trade. Only the strong will survive, and only the inventive will live to fight another day, thus forcing the Canadian companies become more productive or get overrun by international investors. Third, globalization will enhance the technological market. ... While not perfect, the technological boom has enhanced the future prospects of globalization and will help Canada move towards the inevitable E- commerce future.
Approximate Word count = 1379
Approximate Pages = 5.5
(250 words per page double spaced)
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