Redesigning Canadian Trade Policies for New Global Realities
Publication date: Forthcoming, December 2015
Editors: Stephen Tapp, Ari Van Assche, Robert Wolfe
Page length: 850
In this volume, the sixth in the IRPP’s The Art of the State series, thirty leading academics, government researchers, practitioners and stakeholders from Canada and abroad analyze how changes in global commerce, technological developments, and shifting economic and geopolitical power are affecting Canada, and what this means for policy.
Among the transformations in global business practices, the fragmentation of production processes across international borders is one of the most significant. Today, global commerce is more than simply trading final goods; increasingly it entails exchanges of intermediate tasks, know-how and services, as well as foreign investment and foreign affiliate sales. Another evolving phenomenon in the global policy context is the rise of emerging economies and regional trade deals. These 21st century agreements are quite complex, covering numerous policy areas. For Canada, this typically involves several federal government departments and multiple levels of government. Taken together, these developments represent new and complex realities for Canadian governments, businesses, workers and citizens.
This volume presents new empirical evidence for Canada using firm-level and value-added trade data. It applies new perspectives from frontier research on global value chains and “new new trade theory.” It also explores the policy implications for trade negotiations, foreign investment, services, regulation, digital trade and innovation. Adapting Canadian Trade and Commerce Policies to New Global Realities will be essential reading for those trying to navigate this new global trade context.