With Canada's main trading partners under severe economic and political duress, the pre-crisis strategy of engaging globalization primarily intermediated by leading U.S. firms and production networks is ill suited for the next stage of globalization, in which emerging economies like China are playing a larger role. The materially different post-crisis global setting requires adaptation if Canada wishes to better harness and balance the gains from globalization. Such a strategy is not without risk and will not be accomplished in the short-term, but will ultimately prove to be a crucial factor in Canada's long-term prosperity, welfare and employment prospects in a less U.S.-centric world order.View full textDownload full textKeywordsCanada, China, Economy, Value chainsRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; var addthis_config = {"data_track_addressbar":true,"ui_click":true}; Add to shortlist Link Permalink http://dx.doi.org/10.1080/11926422.2012.737336
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