This paper analyzes the impact of the Canada-Korea Free Trade Agreement on the basis of the published text and agreed schedule of commitments. We find that the Agreement reinforces existing patterns of comparative advantage between Canada (agriculture and resource-based sectors) and Korea (autos...

The computable general equilibrium model has become the workhorse tool for assessing the impacts of bilateral trade liberalization. This paper draws on recent experience within Foreign Affairs and International Trade Canada in modeling the impacts of potential free trade agreements with various...

This document assesses the economic impacts of a free trade agreement between Canada and Korea, using the Global Trade Analysis Project (GTAP) CGE model and version 6 of its database (base year 2001). Five alternative scenarios are simulated based on a range of assumptions concerning the...

The decades-long economic boom that had made East Asia one of the main engines of the global economy has also given rise to concerns about the resource requirements and environmental impacts that the combination of Asian population sizes and Western consumption patterns would engender. In...

This paper considers the reasons why APEC's potential remains, after its first decade in existence, as yet largely unfulfilled. APEC’s progress is assessed in terms of three periods: 1989 through 1992, when it was primarily in an exploratory mode, probing for direction and ways and means for...

The BRICs economies (Brazil, Russia, India and China) created a buzz with a strong run in the global expansion of the 2000s and the help of a little pumping up of their tires by Goldman Sachs analysts who projected these economies would surpass the advanced countries within a few decades. The...

The Trump Administration made a fundamental break with longstanding US trade policy. This break might be explained as expressing Trump’s affinity for traditional American isolationism. In some respects, it might also be described as an expression of strongly held personal views of Trump’s...

Starting with the Trump Administration and continuing under the Biden Administration America’s trade policy can be characterized as one of “destructive isolationism”. It has undermined the multilateral trade system whose creation it had led; pulled America out of the Trans-Pacific...

Today, globalization is under attack with calls for reshoring, nearshoring and friendshoring (aka allyshoring) as well as related calls for decoupling and derisking. The paper distinguishes the various "shorings" conceptually, clarifies their underlying economics in relation to the criteria of...