Why Is Interprovincial Trade Down and International Trade Up?
نویسندگان
چکیده
One of the most striking economic trends over the past two decades has been the widening gap between interprovincial and international trade (Chart 1). Between 1981 and 1989, interprovincial exports in nominal terms failed to keep pace with GDP, dropping steadily from 27 per cent of GDP to 22.2 per cent. At the same time, international exports declined, but more gradually, slipping from 28.2 per cent of GDP to 26.1 per cent. After 1989, the first year of the Canada-U.S. Free Trade Agreement (FTA), however, the trend intensified. Between 1989 and 1997, interprovincial exports slid further to 19.7 per cent, whereas international exports soared to 40.2 per cent.
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