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In the first half of the nineteenth century, the wheat oriented agrarian economy of Lower Canada (the French …-speaking modern-day province of Quebec) saw a rapid collapse in wheat production dubbed the “wheat crisis.” In a single decade, Quebec … went from being an exporter of wheat to an importer. Given that Quebec was an agrarian economy, this collapse of wheat …
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preference erosion risk is the difference in preference margins enjoyed by individual suppliers to the QUAD (Canada, EU, Japan …
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