A recent article in the CCPA Monitor by economist Jim Stanford begs to disagree. Accusing the boosters of being long on self-congratulation and short on facts, Stanford took a different approach and adduced a few pertinent facts re before and after:
- Our exports to the U.S. today account for the same share of our GDP (19 per cent) as before the agreement was signed.
- Our exports to the U.S. are now mostly unprocessed or minimally processed natural resources whereas in the mid-1980s they were mostly relatively sophisticated manufactured goods.
- Our share of U.S. imports has declined from 19 per cent to 14 per cent.
- Our productivity has declined as a per cent of U.S. rates.
- Our inflation-adjusted family income levels are the same as in 1980.