Ripcat Ripcat:
Canada should focus on eliminating internal trade barriers and stopping trade with nations that have substandard or no employment, safety or enviromental standards.
I appreciate the concerns behind this statement but in my view you are dead wrong.
These countries with very poor standards (by our nation's yardstick) are still in development. They are not as advanced as us, in terms of economic progress. With time, they will be.
But you don't force a nation to have high environmental, etc, regulations or laws and then watch them develop. That's putting the cart before the horse.
Rather, you help their economy grow, and then, with time, they start to achieve these high standards that we have. In other words, higher economic growth leads to enhanced social welfare standards, not vice versa.
It's the same with us. 50 or 100 years ago, we had a far worse environment. Today things are better overall. You might cherry pick contrary examples (global warming?) but the trend is clear.
The best thing we can do is to open up trade with developing nations. Better for them - higher economic growth - better for us too - cheaper goods from them.
The fact it costs more to produce a good in Canada is of no consequence, because our superior work force and infrastructure, etc, mean that companies will want to set up shop in Canada for the goods and services where we have the comparative advantage. Which are industries typically associated with higher paying jobs.
Who cares if the textile mills etc move to the developing world. Are those the jobs of the future here?