Harvard Researchers Advise Canada on Post-American Economic Strategy

Ricardo Hausmann and Eric Protzer published a prescription for Canada's economic future, drawing on research from Harvard University. The authors argue that Canada must develop a 'post-American economy' because it cannot rely on the United States market being permanent or politically secure. They suggest that diversification must begin by providing necessary infrastructure.

The prescription suggests that Canada needs to go beyond the current diversification efforts led by Prime Minister Mark Carney's government. The authors state that Canada must reduce its dependence on the United States to protect its prosperity from potential political instability in the U.S.

Mark Carney and the Fraser Institute are providing reports on trade reliance, infrastructure, and how U.S. market size influences Canadian export diversification.