Ken mentioned several reasons why Canadians are interested and influenced by American politics. Anyone who understands macro-economics from a Canadian perspective will undoubtedly realized that Canadians have a vested interest in what goes on south of the border. First off, the U.S economy has an unprecedented effect on Canadian GDP. Approximately 80% of Canadian exports are to the United States, and likewise, Canada is America's largest trading partner. U.S trade arguably has just as great an influence on the Canadian economy as the Canadian government's use of fiscal and monetary policy. With globalization emerging as a dominant trend in today's world, countries are coming together to form trade blocs, customs unions and even economic unions, such as the European Union. With the advent of NAFTA in past years North American countries have become much closer and statistics have proven the free trade area beneficial for all involved. The future only promises more of a union between North American countries and even possibly South America as well. This is due to the fact that individual countries and markets (even the size of the U.S') will not be able compete with larger economic unions such as the E.U and emerging economies like China (forecasted to outgrow the U.S economy by 2020). As much as Canadians love their political autonomy and the nuances that make them globally unique, most of them realize that their country's destiny is largely shaped by the U.S and therefore take an active interest in what goes on down south. Therefore whatever leader is best for the U.S, is best for Canada. That leader is Mitt Romney.
No comments:
Post a Comment