Western Canada in the international economy / Edward J. Chambers, Michael B. Percy.

Format:

Book

Author/Creator:

Chambers, Edward J.

Contributor:

Percy, Michael, 1948-

Series:

Western studies in economic policy ; no. 2.

Western studies in economic policy ; no. 2

Language:

English

Subjects (All):

Economics--Canada, Western.

Economics.

Canada, Western--Commerce.

Canada, Western.

Canada, Western--Economic conditions.

Physical Description:

1 online resource (122 p.)

Edition:

1st ed.

Place of Publication:

Edmonton : University of Alberta Press, c1992.

Language Note:

English

Summary:

The international competitive position of Western Canada and each of the four western provinces within a Canadian context are the focus of this study. Through trade profiles of major commodity exports and their spatial markets, a situational assessment of the region and its continued heavy dependence on natural resources is offered.

Contents:

Intro; Contents; Preface; Acknowledgements; Introduction; 1 Profiles; 2 Commodity Price Volatility, Instability and the Exchange Rate; 3 Buffers and Strategic Options for the Private Sector; 4 Uncertain Prospects: Trade Liberalization, the Economic Union, and the Western Canadian Economy; 5 Whither the West?; Appendices; Bibliography; The Industrial Composition of Employment; Western Canada's Merchandise Trade Links with the Global Economy; The Four provinces: Merchandise Links with the Global Economy; A Comparison of Spatial Markets; Summary; Commodity Price Movements

Volatility in Commodity PricesThe Terms of Trade; Measures of Regional and Provincial Instability; Volatility and the Domestic Economy; Effects of the Exchange Rate on Western Canada; Exchange Rate Indexes; Summary on the Exchange Rate; Employment Effects of Commodity Prices and the Exchange Rate; Institutional Buffers; Selected Programs; Energy; Marketing Agencies; Strategic Options: A Product/Market Approach; Cost Leadership/Production Capability; Searching for Extended Product/Market Options in the Private Sector; A Public Sector Role?

Examples of Transition Potential from the Forest Products SectorExamples of Transition Potential from the Agricultural Sector; Examples of Transition Potential from the Energy Sector; Conclusion; Confederation as an Economic Union; The Economic Surplus of Confederation; Structural Characteristics of Western Canada and the Surplus; Implications for Western Canada of Alternative Constitutional Scenarios; Insurance and Stabilization Issues; The International Trading Environment Facing Western Canada; The GATT and Multilateral Trade Initiatives; Canada-United States Free Trade: Motivation

The FTA: Potential GainsThe Impact of the FTA on Western Canada; The FTA: Some Cautions; Canada-United States-Mexico Free Trade Negotiations; Managed Trade vs. Free Trade; Europe 1992; Trade Liberalization and Western Canada: Promoting Structural Change; The Economic Union and Trade Liberalization; A. Spatial Market Shares in Some Important Western Canadian Exports; B. Composition of the Western Centre Commodity Price Index; C. Country Weights in the G-10 Nominal Effective Exchange Rate Index of the Bank of Canada

D. Country Weights in the IMF Nominal and Real Effective Exchange Rate Indexes for CanadaE. Effective Exchange Rate Indexes for Western Canada; F. Results from a Regression Model Relating Western Canadian Employment to Commodity Real Prices and the WCER Real Effective Exchange Rate Index

Notes:

Description based upon print version of record.

Includes bibliographical references: p. [101]-106.

ISBN:

1-4593-0483-7

1-4175-9298-2

OCLC:

923437011