Discussion of the Paper by Professor Eastman

Charles P. Kindleberger and Andrew Shonfield

A chapter in North American and Western European Economic Policies, 1971, pp 48-56 from Palgrave Macmillan

Abstract: Abstract Professor Scott said that much of the basic research on Canada’s international position had been done by Professor Eastman. His first theme in this paper was that Canada’s was a very open economy, so that comparative advantage and factor supply position were important. Both present comparative advantages and the tariff policies of other countries led to highly capital-intensive activities, to a heavy draft on Canada’s domestic savings and to big foreign investment — especially from the United States.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Current Account; Free Trade (search for similar items in EconPapers)
Date: 1971
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DOI: 10.1007/978-1-349-01098-1_4

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