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#Written by David Tam, 1999.           #       
#davidkftam@netscape.net Copyright 1999#  
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From tamda@ecf.toronto.edu Mon Jul 12 18:22:08 1999
Date: Tue, 12 Jan 1999 23:25:29 -0500 (EST)
From: David Kar Fai Tam 
To: APS 424S 

#4-01/13/99-"U.S. plots 4-sector trade war"

The Globe and Mail, Tuesday, January 12, 1999. A1, A4.


   The U.S. is, yet again, threatening to block the Canadian 
export of certain products. These include steel, textile and 
apparel, wood products, and plastics. This action was provoked by 
Canada's plan to protect domestic magazines. The Canadian 
government is proposing to disallow domestic advertisers from 
placing ads in split-run magazines. These are Canadian editions 
of U.S. magazines that they lack Canadian content. 


   This trade war may cost Canadian companies $3 - $4 billion. 
Naturally, such a block would hurt Canadian exporters. These may 
cause a negative ripple effect among the Canadian economy. 


   We live in a age of globalization / internationalization.  
Many Canadian companies generate a considerable amount of revenue 
through exports.  At one point in time, Canada was the top 
exporter per capita among G7 nations. Many Canadian businesses 
are thinking globally and are benefiting greatly from the global 
economy. This shows that Canada is quite successful in this new 
world order.


   My recommendation is for Canada to quit dreaming up of new 
ways of imposing trade barriers under the claim of protecting 
Canadian culture. These potential barriers are counter-productive 
to the Canadian economy.  Protectionism through tariffs and other 
trade barriers will only isolate our country from the rest of the 
global community. The Canadian government should realize that 
Canadian companies can compete sucessfully among the global 
competition.

    Source: geocities.com/siliconvalley/campus/9640/4thYear/Business

               ( geocities.com/siliconvalley/campus/9640/4thYear)                   ( geocities.com/siliconvalley/campus/9640)                   ( geocities.com/siliconvalley/campus)                   ( geocities.com/siliconvalley)