In the debate over whether the partially state-owned energy company, Chinas CNOOC, should be given the go-ahead by Ottawa to take over Calgary-based Nexen, there is the danger that the discussion will be cast in an adversarial east-west context.
economic freedom
In 2005, long before there was an Arab Spring, Middle East scholar Fouad Ajami announced the autumn of autocrats and predicted that the entrenched systems of control in the Arab world are beginning to give way.
His prediction came to fruition in 2011, when four Arab dictators were toppled and a fifth (in Syria) came under sustained pressure from his subjects. With so many rogue rulers departing in such short order, now is an ideal time to survey the globe for what comes next.
Despite 22 years of free trade with Americans, consumers in Canada regularly pay more compared to the U.S. price tag on similar items. That fact has finally come to the attention of Ottawa: Canadians are irritated when they see large price discrepancies on the exact same products being sold on different sides of the border, stated Finance Minister Jim Flaherty, this in his recent letter to the Senates Finance Committee.
I share their irritation, wrote Flaherty, as he requested the committee study the matter.