Lost in the Global Shopping Mall Essay Example

it may seem that the Canadian government has made significant changes to its trading habits to increase job opportunities and maintain economic growth by engaging in this agreement, although there are drawbacks to this type of involvement. However, with international laws and policies, there's a concern that we could become more of a policy follower than a policy maker. While signing such a massive agreement between two nations, it is not impossible to assume that our sovereignty might not be affected, but it's also conceivable that our ability to make individual laws distinct from the US may become more difficult. Richard Lipsey believes that enhancing Canadian prosperity is the most effective way to reinforce its sovereign capacity and improve its social and cultural policies. 7 Nonetheless, various nations with social programs that vary significantly have traded successfully without needing to merge or jeopardize their own social programs or convictions in the past.

According to Richard Rosencrance, the value of technology used to produce goods is surpassing the value of land as more domestic production occurs abroad. Rosencrance and Mcquaig share the belief that the government no longer has complete control over resources as they negotiate with both foreign and domestic companies to incentivize economic growth, a trend that has eroded traditional borders. Consequently, foreign companies and laborers receive favorable economic and political treatment that domestic companies do not. Ultimately, weighing the pros and cons of free trade leaves a murky perception of the situation.

For Canada, our economy heavily relies on exporting goods to the United States. As a capitalist democracy, endorsing and taking advantage of these trade lines has become a natural extension. Despite

the slight loss of sovereignty and social responsibility, the economic prosperity gained from trade agreements funds our government, social programs, and ultimately supports our high standard of living.