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Toward Improving Canada's Skilled Immigration Policy
Canada's approach to immigration faces major challenges, and requires reform if Canada is to meet the international competition for skilled immigrants, according to a new policy study. In the Policy Study, the authors assess the strengths and weaknesses of the current point system used to screen new arrivals, identify the policy levers that affect the attributes and success rates of new arrivals, and break new ground by providing a tool to measure those impacts. The past two and a half decades have seen a marked worsening in the adjustment process of new immigrants, as their earnings levels have dropped significantly relative to Canadian-born workers, say the book's authors. The earnings gap between Canadian- and foreign-born workers has widened, and the catch-up interval between the earnings of immigrants and Canadian-born workers has lengthened. These results have come at the cost of fewer human resources and skills available to the Canadian economy, a potential threat to social cohesion, and the likely loss of skilled immigrants who choose to return home or move on to another country.
Recognizing Reality
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Prospects for Canada
In 1985, the report of the Royal Commission on the Economic Union & Development Prospects for Canada (commission chair Donald Macdonald) set out recommendations that became a focus for the development of economic & social policy in Canada. This volume of papers reviews the contribution that the Macdonald Commission report made to Canadian public policy, examines the changes since then, and looks at the enduring lessons that policymakers can draw from its conclusions. The volume begins with a personal perspective on the Commission's work & report by Donald Macdonald, then presents papers on macro stability & economic growth (the economic & political climate, inflation, income policy, the deficit, unemployment, living standards), labour markets & social policy (including immigration, labour-management relations, education & training, income security), international trade (notably the recommendation for a Canada-United States free trade agreement), and federalism & Canada's economic union (executive federalism & regionalism, proportional representation, Senate reform, trade & capital markets, securities regulation, fiscal agreements, intergovernmental transfers).
Getting it Right
Reviews major developments affecting the Canadian economy, and addresses the key policy areas that will demand the attention of Canadian governments in coming years. It is a collection of essays by different authors, resting on a common philosophical foundation, but reflecting the particular concerns and policy priorities of each author.
From Fixing to Monetary Union
The purpose of this commentary is to examine the following propositions: that a floating exchange rate is not serving Canada well within the progressively integrated North American Free Trade Agreement environment; that there are arguments for greater fixity in exchange rates; and that the longer-term objective of greater exchange rate fixity should be a common North American currency. The commentary also looks at some of the alternative approaches along the continuum from floating rates to monetary union, including pegged rates, fixed rates, currency boards, and dollarization.
Financial Services Liberalization in the WTO
The stakes were high in the financial services negotiations that were completed in December 1997 at the World Trade Organization (WTO). The developing countries were eager to strengthen and modernize their financial systems. The industrial countries sought access to important emerging markets in Latin America and Asia for their banking, insurance, brokerage, and other financial services firms. In the end, both sides agreed to bind unilateral and regional financial opening and reform that was already under way in many countries, industrial and developing alike. The authors assess the agreement reached in the WTO, identifying its shortcomings and suggesting ways that it can be bolstered in fut...
Do Think Tanks Matter?
Assessing the evolution and influence of public policy institutes.
Planet Canada
A leading thinker on Canada's place in the world contends that our country's greatest untapped resource may be the three million Canadians who don't live here. Entrepreneurs, educators, humanitarians: an entire province's worth of Canadian citizens live outside Canada. Some will return, others won't. But what they all share is the ability, and often the desire, to export Canadian values to a world sorely in need of them. And to act as ambassadors for Canada in industries and societies where diplomatic efforts find little traction. Surely a country with people as diverse as Canada's ought to plug itself into every corner of the globe. We don't, and sometimes not even when our expats are eager...
