“We need the CCPA to remind us that our dreams of a decent, egalitarian society are reasonable — indeed that with a little work, they are practical. And I love that practicality, that protection of the dream of the possible.”
— Naomi Klein
Despite the 2008 financial meltdown, the World Trade Organization continues to negotiate new rules that would promote foreign takeover of domestic banks and more deregulation. WTO advocates are using Canada to argue that a country can liberalize its financial sector yet suffer comparatively less from financial shocks.
Nobody's Poster Child: Why the "Canadian model" cannot be used to promote financial liberalization at the World Trade Organization, by CCPA Research Associate Ellen Gould shows how the opposite conclusion should be drawn from the Canadian experience, since limits Canada placed on its WTO liberalization were key to stabilizing the banking system during the financial crisis.
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