Free Trade between the United States and Canada

This study is the first major attempt to estimate what would happen in Canada if all trade restrictions between that country and the United States were removed. Refuting a number of generally held assumptions, the authors' findings indicate that Canadian industries would benefit substantially, provided that they seized the opportunities to reorganize for the large North American market. The authors then explore resulting general equilibrium pressures on wages and exchange and continue with an analysis of the historical effects of protection on Canada.