The impact of post‐cold war politics on the trading system: Implications for Canadian foreign and trade policies
The end of bipolar competition between the US and the USSR has implications for the international trade regime and for Canada's place within it. Strategic considerations of world politics after the cold war, Martin Roy notes, carry new threats to the international trading system tat few analysts have assessed. These threats, he adds, do not stem from the decline of American ‘hegemony” but rather from the emergence of multiple centres of power in the international system. Unsuccessful integration of these rising countries in the future may foster insecurity and uncertainty in international politics and lead to greater protectionism. Roy details why the insecure future of the international trade liberalization process dictates a reassessment on the part of Canadian analysts and policy makers of how to strengthen the open international trade system.