Saturday, November 19, 2016
Global trade and social transformation
The world of international trade is being thrust into a new reality with Brexit and the rhetoric of Donald Trump. With trade agreements and relations being looked at, dismantled and/or renegotiated we must understand the reasons. We must also must understand the opportunities. Of recent discussion topics in trade and economics we have heard a great deal about globalization. It is my understanding that globalization has been apart of trade and economic for thousands of years. For example the silk road, Marco Polo, Roman Empire and other European Empires developed a vast trade trading area. With that knowledge, there is very clear evidence that globalization of trade and economics is nothing new to us. The reasons for those wanting to renegotiate agreements is due to feeling a lack of control and/or the feeling of getting the bad end of the stick. Such a situation is understandable to wanting a new agreement. The down side is that those who want out may just find themselves out altogether. Such a situation will lead to a new paradigm of economic hierarchy. What will also happen is an uneasy time as the new takes over from the old. The world is in the midst of the paradigm shift. We are now negotiating our way through what we are familiar with towards a new reality. This is a time for many countries to forge new bonds, bolster old ones, let go of bad ones and bring new opportunities. As we set out to ease the tensions of transitions we must stand confident within ourselves. We know that some will lose, some will gain and a few will remain the same. As those song lyrics become a mantra of the now, we have to be firm in the reality of adventure as we step through the doors of the unknown. There is only one reason why we must do such a thing and that is because we are building towards the perfect society. We are not there yet but with each step we are one more step closer. These turbulent times are what the greatest moments in life are about. We are in the midst of such a time and it is up to us to either take the step ourselves or stand still and go with the flow. As a Canadian, in this moment in time I am of the mind that we must guide this next step the world is about to take. We have an tremendous opportunity to shape the world as we never had before. Countries that are trying to open up, trying to bring peace, trying to improve have an opportunity to enter a new phase of reality. Such times are needed for steps as these to be made. The only thing in our way is the will to actually make those leaps. For many years we have talked about widening our trading partners, getting rid of provincial trade barriers, building infrastructure banks, engaging with emerging markets and reducing our 80% economic reliance on one country. At present we have two major influences voicing opinions of backing away from international trade deals The United Kingdom and the Republic of the United States. We can seize this moment to forge new alliances, agreements and relations. We must diversify our economy now because a better time may not be had for many decades. This our chance to build a model of global success the world will use as a template.