Politicians must convince Canadians that trade deals pass jobless sniff test: Don Pittis

July 8, 2016

Lessons from Brexit and Trump that trade efficiency of little use if it creates a popular backlash

As Canada and the world struggle with an unemployment problem, something seems to have gone wrong with the free trade model.

The conventional economic wisdom is that freer trade leads to greater global efficiency and thus to general prosperity. But the Brexit vote and rising anti-trade rhetoric from U.S. presidential candidate Donald Trump are a warning to Canadian free traders that more globalization is useless unless it creates more and better Canadian jobs.

This has been excerpted from the 8 July 2016 edition of CBC News and is available in its entirety at:
http://www.cbc.ca/news/business/labour-force-survey-trade-jobs-1.3668444


Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
Document Type: 
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