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Module 30

Neoliberalism, Globalization, and Productivity: The New Economic Mantra in the late 20th century

Marcel Martel

In reaction to economic problems in the 1970s, Canada embraced neoliberalism. The federal government and the provinces pursued an economic policy based on the notions of balancing the budget, cutting social spending, and restricting the eligibility of individuals for social programs. Parallel to spending cuts, governments cut business taxes and shifted the burden of taxation towards consumption. However, the 2008 collapse of the housing and financial markets in the United States and its impact on the world economy have led many to question neoliberalism.

Primary sources:

  1. Text: The North American Free Trade Agreement (NAFTA) (1 January 1994)
  2. Text: ‘What We Think: Researching Today’s Critical Issues’ Fraser Institute (no date)
  3. Text: ‘In Defence of Red Tape. Regulations absolutely essential for Canadians’ health and safety’ Canadian Centre for Policy Alternatives (1 May 2007)

Secondary sources:

  1. Ann Porter. ‘Contained and Redefined: Women’s Issues in the Mulroney Era,’ in Raymond B. Blake (ed.), Transforming the Nation: Canada and Brian Mulroney (2007)
  2. Stephen Clarkson. ‘The (Un)sustainable State: Deregulating the Environment,’ in Uncle Sam and Us: Globalization, Neoconservatism, and the Canadian State (2002)

Introduction

List of Modules -- 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50