Canadian And Us Adjustment Policies In A Bilateral Trade Agreement

Download or read book Canadian and U.S. Adjustment Policies in a Bilateral Trade Agreement written by Ronald J. Wonnacott and published by . This book was released on 1987 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issue definition paper on the affect on employment of the free trade agreement between Canada and the US. Investigates the elimination of tariffsand many nontariff barriers to bilateral trade in goods and services and theaccompanying efficient allocation of resources and improvements tolivingstandards and employment opportunities. As well, comments on the negativerepercussions such as the loss of jobs that will occur with economic adjustmentsrequired by the agreement. Discusses domestic competitive challenges thatface both trading partners, the direct effects on employment with specialhighlight on expected increase in manufacturing employment and allowing theexchange rate to act as an adjustment mechanism. Discusses rationale andobjectives, and policy designs and related issues forgovernment adjustment assistance programs, other North American experiencesalong with a survey of experiences in Europe, Japan and Australia. Discusses issues of temporary protection, prioritizing the needs firms and workers and analyses short-run costs of adjustments to bilateral free trade agreements.