NAFTA, Investiture and Redistribution. The Power Underpinnings of Trade and Investment Liberalization in Canada

NAFTA, Investiture and Redistribution. The Power Underpinnings of Trade and Investment Liberalization in Canada
Brennan, Jordan. (2012). Association for Institutional Thought. pp. 1-26. (Article - Monograph; English).

Full Text Available As:
[img]
Preview
Cover Image
20120200_brennan_nafta_investiture_and_redistribution_front.jpg

Download (23kB) | Preview
[img]
Preview
PDF (Full Text)
20120200_brennan_nafta_investiture_and_redistribution.pdf

Download (5MB) | Preview

Alternative Locations

http://associationforinstitutionalthought.org/downloads/Student_Scholar_Paper/Brennan-AFITStudentCompetition.pdf

Abstract or Brief Description

* Winner of the 2012 Student Scholars Competition Award of the Association for Institutional Thought *

Criticism of trade and investment liberalization (TAIL) in North America has drawn attention to weak economic performance, wage-profit redistribution, social dumping and fiscal pressure on government programs as evidence that the TAIL regime has failed to deliver on some of its key promises. This criticism has been unable, however, to establish satisfactory conceptual and empirical connections between the dramatic distributional changes witnessed in the TAIL era and the reorganization of power that the TAIL regime entrenched. This paper will undertake a quantitative assessment of the Canadian political economy to see who the main beneficiaries of the TAIL era have been, contrasting returns to labor and to capital in the pre-TAIL and TAIL eras. Employing tools from radical institutionalism, two pictures are painted: the first picture examines broad changes in the distribution of income and the second picture examines differential business performance. The evidence from this inquiry suggests that although the official purpose of TAIL was to enhance the prosperity of all Canadians, this trade deal actually represented—both in its intentions and consequences—a political-economic transformation written by dominant capital, for dominant capital.

Language

English

Publication Type

Article - Monograph

Keywords

Canada capital as power distribution differential accumulation dominant capital globalization trade and investment liberalization

Subject

BN Money & Finance
BN Conflict & Violence
BN Trade
BN State & Government
BN Distribution
BN Power
BN International & Global
BN Region - North America
BN Capital & Accumulation
BN Business Enterprise
BN Policy
BN Labour

Depositing User

Jonathan Nitzan

Date Deposited

16 Feb 2012

Last Modified

07 Apr 2016 19:20

URL:

http://bnarchives.yorku.ca/id/eprint/326

Actions (login required)

View Item View Item