Economic integration is particularly important to Canada
August 09, 2019 08:15 Source: "China Social Sciences" Journal of Social Sciences, August 9, 2019, Issue 1753 Author: Reporter Wang Youran

 bet365 best casino games A latest study indicates,If the United States withdraws from the "North American Free Trade Agreement",The biggest economic loss will be Canada。

The recent American journal "World Economy" will publish the paper "Punishment of Canada: Cancel of North American Freedom in North American Freedom Trade Agreement> Impact on Trade bet365 live casino games and Welfare "。The author uses a new quantitative trade model,Analysis of the United States may give the United States if the United States withdraws from the North American Free Trade Agreement、plus、The impact of the economy of the Three Kingdoms of the Three Kingdoms。Generally speaking,Regional economic integration agreement disintegration,It will cause the smallest economy in the region to make the maximum impact。But this study discovered,As far as the "North American Free Trade Agreement" is concerned,The situation may not be the case。If the United States withdraws from the "North American Free Trade Agreement",bet365 live casino games The most severe blow will not be the smallest economy Mexico,but Canada。

Researchers said,When the free trade agreement disintegrates,Tariffs between former member states will rise,and cause their respective domestic prices to rise。At the same time,Trade between member states will decrease,By that causes domestic demand and salary decline。These two factors will jointly lead to a reduction in living standards for the former member states。"North American Free Trade Agreement" after disintegration,Canadian's economic and geographical structure will become the main cause Bet365 app download of a significant decline in its living standards。If the United States withdraws from the "North American Free Trade Agreement",Some trade between Canada and the United States will flow back to their country,But the cost of economic activities in Canada is much higher。Canadian land area is similar to the United States,But the population is only 10%of the United States,Low population density means higher trade costs in Canada。In addition,Mexico has only one common business language,and Canada is British and French bilingual countries,This also increases the cost of business activities。

Editor in charge: Changchang
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