Globalization Unplugged: Sovereignty and the Canadian State in the Twenty-First Century (Studies in Comparative Political Economy and Public Policy)
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The debate over economic globalization has reached a fever pitch in the past decade and a half with Western governments and multinational corporations trumpeting its virtues and a multitude of activists and developing-world citizens vociferously denouncing it. Both sides would agree that globalization is a recent development that is changing the way people and nations do business, but in Globalization Unplugged , Peter Urmetzer questions whether national economies are losing their sovereignty and whether the topic of globalization merits as much discussion as it receives. Urmetzer"s focus is specifically on Canada and he demonstrates that current levels of trade are not unprecedented and, further, that as the economy becomes more service oriented, it will also become less trade dependent. He points out that only a relatively small percentage of Canada"s wealth is owned by foreign investors and likewise, only a small portion of the country"s wealth is located outside of its...