The erosion of Canadian industrial strength in the early 1970s prompted Canada to rethink its postwar industrial adjustment strategy. From the early 1970s to the early 1980s, Ottawa tried trade diversification, foreign investment regulation, and an interventionist industrial policy. This path of policy development, however, produced limited positive results. In response to new opportunities and constraints in the mid-1980s, the Canadian government switched to a new policy path that sought to deregulate the domestic market and establish a continental institutional framework--with rules that...
The erosion of Canadian industrial strength in the early 1970s prompted Canada to rethink its postwar industrial adjustment strategy. From the early 1...