Reaching Outward

Looks at the global view of growing internationalism, international debt management, the Canadian situation and identifies areas where growth should be stimulated. The document proposes a medium term outlook for Canada with solutions for previous economic problems and policy constraints with a base case scenario and optimistic and pessimistic case. Also covers tax reform and economic growth. Future trade prospects are discussed in terms of the new global protectionist climate, current barriers to Canada-US trade, tariff barriers, nontariff barriers, agricultural subsidies, manufacturing productivity gains potential, the impact of bilateral trade on output and employment with a regional and sectoral analysis. Also discussed are global pressures on domestic policies with a look at the new protectionist mood of the US Congress, and specific areas of concern: regional and industrial initiatives, unemployment insurance, health care and cultural issues.