Archived — Canada In the 21st Century Series, Paper Number 01—Global Trends: 1980-2015 and Beyond, November 1998
Strategic Policy Sector
Economic Research and Policy Analysis Branch
Two global forces—"globalization" and a persistent slowdown in aggregate productivity growth—have dominated the economic history of the industrial world for the past two decades. This paper examines the possible effects of these forces on Canada over the next two decades. It examines three possible consequences to globalization: the decline of macroeconomic autonomy, the re-appearance of large-scale international capital flows and the crisis of the world labour movement. It also develops three possible scenarios for the world economy: East-Asia's rise to economic dominance, the end of the free trade era, and the increasing virulence of international financial crises.
Catalogue number: C21-27/1-1998
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