Date: 2003-04-16 02:56:57
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How should Canada take advantage of its location in North America to increase prosperity while promoting our distinctive identity?
We should use one to achieve the other. Canada is a unique two nations identity(french and english) so we have opportunities in both continents (america and europe). Our trade is too important in the USA so we must diversify our trades to stop beign so dependent on them.
But if we trade with Europe, we gona trade in Euros, and the Euro is getting to be a stronger currency than the USDollard. There is a good chance that the current actions in Irak was related to this as for Saddam Hussein began using the Euro to trade oil with Europe. Such a move on currency by the other oil producing countries would be disatrous for the US. It's $6 trillion debt is only sustainable by the wide US currency usage. Now Russia, Germany and France are still sitting at the same table and you can bet they are talking Euro.
Myself, owning a small internet business, am shooting the Europe market and will be dealing in Euro.
What is the Department view on this important issue?
Will the USA see us as trators if we start using more and more Euro?
What should Canada do to help make the benefits of globalization more widely shared within and among all countries?
Same thing here. Poor countries will never be able to get benefits from globalization if they must trade with the inflated currencies of the richest countries.
Globalization demands a Global Common Currency.
If Canada can start promoting this, that would be great.
Or else, we will be stuck doing a delicate political balancing act between USA and Europe.