Global trade growing, but Canada falling behind

For Canada to reinvigorate its economy, it must successfully compete to attract new manufacturing investment, writes Paul Boothe, director of the Lawrence Centre at Western’s Ivey Business School, for Maclean’s magazine.

Bases on a new set of studies, Boothe finds, “Global trade is exploding [because] emerging economies are expanding rapidly, creating unprecedented growth in a global middle class who are both producers and eager consumers of manufactured goods.” But, while “these new consumers represent potential customers for Canadian-made products and services, the new producers represent potential competitors.”

One of the Canada’s main challenges so far is we’ve “attracted some of the new investment needed to serve these customers, but not as much as our competitors in the U.S. and many emerging economies.”

Click here to find out why Canada’s falling behind.

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