In his book Jeffry Frieden stated, “The economies of Canada and Argentina more than tripled, and their output per person nearly doubled in less than twenty years these two nations” (Frieden, 2006), pertaining to the firm burst of globalization in the second quarter. The reason for the country of Canada being able to rebuild, reestablish and generate itself into a prosperous county was based on the partnership of the public and the private sector investments in the economy. The nationalization of the economy and corporation pertaining to public utilities enabled Canada to control the distribution as well as the production and development of the resources. Aside from this country also opened its political boundaries to accept trade as well as export goods to Europe, Australia, and the Far East. The significant location of the United States of America was a key advantage the country has as the favorable alliance with the US resulted in exponential growth in the economy of the Canadian region as well. Aside from this the county also established a trade alliance with Mexico and the United States which enables the business in the region to conduct their operation in a much more mobile and flexible way. The country of Canada also opened its borders inviting immigrants who came over to take on the blue-collar as well as the white color positions that needed to be filled in after the wars. This provided the country with the much-needed human resource capital, which enabled the country to move forward and as Friedens put it become rich from a relatively mediocre economy-based country. The established relationship that was indicated earlier between the public sector government-owned corporation and the private sector business was able to establish larger corporate entities which went on to become multinational corporations. The efficiency and the skills available in the private sector were combined with the large-scale operations and resources at the disposal of the government-owned firms to provide a much more efficient structure for the economy of the country.
What general lessons are learned about government-business relations in Canada?
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Academic.Tips. 2022. "What general lessons are learned about government-business relations in Canada?" February 7, 2022. https://academic.tips/question/what-general-lessons-are-learned-about-government-business-relations-in-canada/.
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"What general lessons are learned about government-business relations in Canada?" Academic.Tips, 7 Feb. 2022, academic.tips/question/what-general-lessons-are-learned-about-government-business-relations-in-canada/.