Just recently the Bank of Canada came out talking about the economic difficulties that Canada is facing because of American protectionism.
that combined with the Trump administration’s verbalizing of bringing Canada into the fold (not to mention the fact that Americans and Canadians are cousins from their British heritage)…can we say that Canada finds itself in a similar situation as Taiwan?
I think America is strange and the current president even stranger, and Canada happens to be nearby.
Would you say that NZ is Australia’s Taiwan? They are also cousins from their British heritage. And are more economically and socially integrated than the US and Canada
Canada is the opposite of Taiwan on so many levels.
Taiwan: a small island with no natural resources that hits above its weight with semi-conductors, AI, etc.
Canada: an abundance of natural resources which many are content to ship to other countries with the local population being too lazy to do the value-added.
Yeah, but I’ll give Keating credit (despite not being on that side politically) decades ago for floating the dollar, moving towards more value added (rather than just coasting by on natural resources), significant infrastructure improvements, making the tax regime more competitive. Canada had no Keating. Not even close. Mediocrity X10000.
Tim Hortons type of leadership. Cheap, vapid, and appealing to the lowest common denominator.
Good point though - you’re arguing that Canada due to its resources makes it more able to be dependent. Can the same be said about its geography though? Being right next to a more powerful neighbor that has attempted to claim it twice and with whom a wide open border is shared?
Not that simple. Sure, Ontario has more manufacturing, but it also hasn’t diversified and is a one market show. One where their biggest trading parter, who they constantly badmouth, is telling them to fuck off.
Have always been critical of the West for not diversifying their natural resources to more value added, but at least they’ve diversified market destinations. They’re Asia’s Pacific Gateway and have about a 50/50 split in their export destinations (50 percent US, 50 percent Asia/Rest of World more or less (at least BC has).
Not to overly lionize Keating though. Keating’s liberalisation simply followed the post Thatcher trend. What he did that was different was have an accord with the Unions whereby they agreed to reduce real wages. Yes, the explicit aim of policy was to reduce real wages to make Australia “more competitive”. The ALP supporting economists were never able to specify how much poorer that meant-- if that meant taking Australia down to the income levels of Bangladesh.
The left do what the left do, use their command of the media to lionise his performance at the time.
It was part of the Colony of New South Wales but the Colony of New Zealand was founded 1840. Australia wasn’t founded as a country until 1901, prior to that we were 6 independent colonies.
Yeah for sure. Apples and oranges.
But I was more pointing out that saying Canada is the USAs Taiwan is just as… unbelievable as NZ being Australia’s Taiwan.
More like ANZ are economically, socially, and militarily intertwined. But Australia is obviously bigger and richer. But Australia and NZ have a very close relationship based on mutual respect and shared history.
I don’t think the Canada and US relationship evolved the way the ANZ relationship did but I’m not an expert