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- 1. Not Dutch disease, it's China syndrome ArchivedArticles and reports: 11-010-X200700810305Geography: CanadaDescription:
The restructuring of the economy since 2003 has been driven by the surge in commodity prices resulting from the integration of China into the world economy. Labour and capital have shifted to the resource sector, notably in western Canada. Despite the rising exchange rate and lower prices manufacturers overall have maintained output while cutting jobs.
Release date: 2007-08-16 - 2. Not Dutch Disease, It's China Syndrome ArchivedArticles and reports: 11-624-M2007017Geography: CanadaDescription:
This paper empirically investigates how the Canadian economy has evolved following the rise in commodity prices and appreciation of the Canadian dollar that began in 2003. The adjustment in the manufacturing industry has garnered the greatest attention because it has borne the brunt of job losses. However, the adjustment of the manufacturing industry has not been straightforward. Rather, a complex reallocation has been taking place within manufacturing that has been predominantly due to the integration of emerging nations into the global economy. The increased commodity prices and falling manufactured prices caused by this integration have affected durable and non-durable manufacturing industries differently. Non-durable manufacturers have tended to see their competitiveness eroded and their output has tended to fall. Durable manufacturers, on the other hand, have increased output in response to the resource boom and increased demand in general. The result has been stable manufacturing output overall, accompanied by a re-orientation of manufacturing output away from non-durables and toward durables.
The appreciated dollar and higher commodity prices have also led to a more widespread industrial reallocation in Canada. The higher commodity prices have started a resource boom, particularly in Alberta. The boom has led to rising resource industry employment, while manufacturing employment declined, and to rising service-sector employment. It has contributed to inter-provincial migration, and has greatly increased the purchasing power of Canadian incomes as terms of trade have improved.
Release date: 2007-08-16 - 3. Canada's changing auto industry ArchivedArticles and reports: 11-010-X20070059639Geography: CanadaDescription:
The auto industry has been a leading force in globalization, with overseas firms shifting production to North America following their success in sales. This paper looks at how Canada fared in attracting new domestic plants, and whether they behaved differently in buying parts locally and trading internationally.
Release date: 2007-05-17
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- 1. Not Dutch disease, it's China syndrome ArchivedArticles and reports: 11-010-X200700810305Geography: CanadaDescription:
The restructuring of the economy since 2003 has been driven by the surge in commodity prices resulting from the integration of China into the world economy. Labour and capital have shifted to the resource sector, notably in western Canada. Despite the rising exchange rate and lower prices manufacturers overall have maintained output while cutting jobs.
Release date: 2007-08-16 - 2. Not Dutch Disease, It's China Syndrome ArchivedArticles and reports: 11-624-M2007017Geography: CanadaDescription:
This paper empirically investigates how the Canadian economy has evolved following the rise in commodity prices and appreciation of the Canadian dollar that began in 2003. The adjustment in the manufacturing industry has garnered the greatest attention because it has borne the brunt of job losses. However, the adjustment of the manufacturing industry has not been straightforward. Rather, a complex reallocation has been taking place within manufacturing that has been predominantly due to the integration of emerging nations into the global economy. The increased commodity prices and falling manufactured prices caused by this integration have affected durable and non-durable manufacturing industries differently. Non-durable manufacturers have tended to see their competitiveness eroded and their output has tended to fall. Durable manufacturers, on the other hand, have increased output in response to the resource boom and increased demand in general. The result has been stable manufacturing output overall, accompanied by a re-orientation of manufacturing output away from non-durables and toward durables.
The appreciated dollar and higher commodity prices have also led to a more widespread industrial reallocation in Canada. The higher commodity prices have started a resource boom, particularly in Alberta. The boom has led to rising resource industry employment, while manufacturing employment declined, and to rising service-sector employment. It has contributed to inter-provincial migration, and has greatly increased the purchasing power of Canadian incomes as terms of trade have improved.
Release date: 2007-08-16 - 3. Canada's changing auto industry ArchivedArticles and reports: 11-010-X20070059639Geography: CanadaDescription:
The auto industry has been a leading force in globalization, with overseas firms shifting production to North America following their success in sales. This paper looks at how Canada fared in attracting new domestic plants, and whether they behaved differently in buying parts locally and trading internationally.
Release date: 2007-05-17
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