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The advantages and disadvantages of Canada adopting the American Dollar as its national currency.
Title: The advantages and disadvantages of Canada adopting the American Dollar as its national currency.
Category: Business & Economy / Global Economy
Details: Words: 1110 | Pages: 4.7 (approximately 235 words/page)
The advantages and disadvantages of Canada adopting the American Dollar as its national currency.
In an age of increasing globalization, unlike any before, countries feel more pressure to open all aspects of their economies. There is a large movement towards regionalism in the form of national free trade associations. There is money to make, markets to tap and trade alliances to form. No one wants to be left behind in this revolution. Countries feel the pressure to either join the revolution or fall farther behind developmentally. Dollarization, which is …showed first 75 words of 1110 total…
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…showed last 75 words of 1110 total…both risks and opportunities for the Canadian economy - potential costs as well as benefits, both economic and political, few of which can be estimated in advance with any degree of precision. The calculus is complex and, in most aspects, inherently subjective, leaving much room for debate and disagreement. The only certainty is uncertainty. No presumption can be established either way, whether for or against dollarization, from the point of view of the Canadian national interest.
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