A column by U.S. Senator Rand Paul of Kentucky in The Wall Street Journal last week made the point that expansion of global trade since the end of the Second World War has been one of the main contributing factors to income growth in the United States. It can also be argued that it has been the primary driver of the economic rise of emerging markets.
India, Mexico and South Korea are other examples of nations that have grown their economies at an above-average pace thanks to trade. Canada has always been a trading nation. Our 2022 ratio of trade to gross domestic product was 66.56 per cent. Any threat to our ability to export would mean serious trouble for our standard of living.are greater than at any time in more than a half-century and come from a variety of sources. They include:: Next week, Americans elect a new president. Both candidates espouse protectionist policies, so Canadian diplomats will have their hands full, whoever wins.