The United States, Canada, And The World Economy

Reviewed by William Diebold, Jr.

Although the four essays by Americans and Canadians are short, they make some good points about the politics of the distribution of gains and losses under the free trade area agreement: the protectionist bias of arrangements for common trade policies toward the rest of the world; the discrepancy between the attention to services and the results; how freer trade in goods may also create internal pressures in Canada for further liberalization of services; and the range of domestic issues that will arise if any further steps are taken concerning investments.