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Macro-economic Policy

Globalization Thesis? Race to the Bottom Does Not Withstand Scrutiny

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Globalization Thesis? Race to the Bottom Does Not Withstand Scrutiny " A study by Christian Lammert entitled, ?Modern Welfare States under Pressure: Determinants of Tax Policy in a Globalizing World.? Lammert, from the Centre for North American Studies in Frankfurt, disputes the conventional globalization thesis of a race to the bottom. He reveals instead, a continued increase in tax rates and tax revenues. By the Institute for Research on Public Policy.

 

By Institute for Research on Public Policy , Canada.

Macro Economic Policy Resource.


Free Trade and Canada: 15 Years Later

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Free Trade and Canada: 15 Years Later " Concludes that free trade has promoted a more modern and productive Canadian manufacturing sector, which has helped sustain well-paying jobs in that sector. There is also evidence, Daniel Schwanen says, that it has been beneficial to employment and incomes in Canada in many trade-related services. Schwanen nevertheless says that in spite of these positive effects, Canada?s adjustment to the competitive North American economy continues to be a concern. He thus calls for strategies toward North American integration that reflect the complementary nature of trade, services, investment and migration flows. And, citing innovations and smarter taxes as cases in point, he calls for domestic policies that are properly adapted to this integration. Published by the Institute for Research on Public Policy

 

By Institute for Research on Public Policy , Canada.

Macro Economic Policy Resource.


A North American Common Currency?

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A North American Common Currency?" William Robson and David Laidler argue that hopes that adopting a monetary system based on the US dollar would improve Canada?s economic performance and elicit US accommodation of Canada's monetary needs are probably misplaced, making the country?s current monetary regime ? a floating exchange rate, inflation targets, and domestic accountability of policymakers ? the most attractive option. "No Small Change: The Awkward Economics and Politics of North American Monetary Integration", is published by the C.D. Howe Institute

 

By C.D. Howe Institute , US, Canada.

Macro Economic Policy Resource.


Economic Freedom

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Economic Freedom " The "Economic Freedom of the World: 2002 Annual Report" by James Gwartney and Robert Lawson, ranks 123 nations on their level of economic freedom. Indicators include those on inflation, freedom to trade, property rights, limited government intervention, and the rule of law. Published by the Fraser Institute

 

By Fraser Institute, Canada.

Macro Economic Policy Resource.


Inflation Targets in Canada

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Inflation Targets in Canada " Pierre Fortin argues that current Canadian inflation targets of two percent are too low - increasing unemployment unnecessarily. As pushing inflation above four per cent also generates higher permanent unemployment, Fortin proposes a symmetrical three per cent target. Institute for Research on Public Policy.

 

By Institute for Research on Public Policy , Canada

Macro Economic Policy Resource.