The American Economic Impact on Canada

The American Economic Impact on Canada

The American Economic Impact on Canada

The American Economic Impact on Canada

Excerpt

The economic relations between Canada and the United States constitute a unique and interesting problem for study. Nowhere else in the world are there two major nations with economies so similar and with such a long and open border between them. In such a situation, what economic problems arise between the two countries? How and why do the problems develop and how are they solved?

There is a long tradition of friendly relations and good will between the two countries. For this there are several obvious and valid reasons. To a considerable extent the two peoples have a common background and share the same political philosophy. With one important exception they speak the same language and share the same general culture. Their economic institutions are very similar and both economies have developed rapidly, although at different speeds. Many of the same economic problems, especially those arising out of geography, have faced the two countries and at times each has profited from the other's experience in dealing with them.

Despite these numerous and significant similarities them are a number of differences. By far the most important is the great difference in size. While in area Canada is considerably larger, the population of the United States is more than ten times that of Canada. In income and industrial strength the differences are even greater. Canadians have been much more aware of these differences than Americans, and quite understandably so, for in several respects they place Canadians at a distinct economic disadvantage. Canadians differ from Americans also in their political institutions. They remained longer under the close control of Britain and are still a member of the British Commonwealth of Nations. For a long time they were not a fully sovereign and independent nation, especially in their foreign relations. There is no revolutionary tradition in their political thought and they are more influenced by British precedents. Per-

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