POL312Y1 Lecture Notes - Lecture 9: International Trade, Gulf War, Arms Control
Document Summary
Mulroney years (talks about reagan just to outline the context in which mulroney followed). Reagan is probably the best parallel to trump even though there are significant differences between them. Reagan had a philosophy that proposed a change that was going to revitalize the u. s. economy. Trudeau was the prime minister at this point. Trudeau"s time in office helped formed the canadian identity, trudeau being willing to meet in the eastern bloc (cuba, soviet union, etc. ) National energy program worst economic policy in candian economic history mismatched the time. Conceived of during the energy crisis in the 1970s. 10% of income for energy taxation then rose to over 20%. Reagan"s appeal was that he had this economic vision. Us exited the recession well before other countries (reagan"s plan worked). Trump wants to impose tariffs this may help getting jobs in the us. However, it will be a diffuse loss and concentrated gains.
