Hi Mario:
That’s excellent and thank you very much for sending it.
For those who don’t want to wade through to the results on pages 281-85, their
analysis using the UN’s Global Policy Model estimates that Canada would lose
23,000 jobs as a result of CETA, EU countries would lose 204,000 jobs, that
Canadian GDP growth would slow by about 0.12% annually 2017-2023, with a
cumulative loss of about 1% in economic welfare in Canada by 2023. Labour’s
share of national income would decline with relatively lower wages and
compensation while that of capital would increase by 1.76% by 2023.
They estimate CETA would lead to an average annual earnings loss of €1,776 for
each Canadian worker (equal to C$2,470 at current exchange rates) by 2023.
Government income and spending would decline vs the baseline.
This article doesn’t appear to be available on-line on the journal website yet
(Issue 4 of volume 45). Do you know when it will be, as it would be good to
have a link for it.
I’ve forwarded to Tracey Ramsay, NDP trade critic. I hope that’s okay. I
expect some reporters would also be interested in it.
Toby
From: turc-bounce@xxxxxxxxxxxxx [mailto:turc-bounce@xxxxxxxxxxxxx] On Behalf Of ;
Mario Seccareccia
Sent: Friday, February 17, 2017 11:43 AM
To: turc@xxxxxxxxxxxxx
Subject: [TURC] Re: CETA
Dear Marjorie et al.,
On another matter, I would like to circulate (just for personal reading) an
article that was published in the current Winter issue of the International
Journal of Political Economy on CETA. It’s an excellent rigorous piece of
research that stands in opposition to the neoliberal nonsense being spewed out
by our Canadian prime minister in Europe these days about CETA. Of course, the
political game at the European level seems now over with its adoption in
Strasbourg last Tuesday, but the ratification process at the national level in
Europe will take time, and there still can be surprises, as we saw in Wallonia
last Fall. Sadly, the rise of Trump and other right-wing populist movements in
Europe, like Marine Le Pen and so on, are helping supporters of neoliberal free
trade agreements to discredit those opposing it, even those who have
articulated solid economic arguments such as those that economists like Kohler
and Storm have put forth. This is why it is important that such work be
circulated among progressives whose task is to inform policy-makers and the
public at large in Canada, before its seemingly unstoppable ratification here
in Ottawa at the House of Commons.
Best regards,
Mario
