Securing Canada's place in Asia

PAGE 10 INTRODUCTION IN MARCH 2012, we were asked by the Asia Pacific grasp of the issues affecting the region as well as Foundation of Canada to assess and make through active participation in the numerous recommendations about the role that regional institutions and mechanisms created to manage and institutions and bilateral mechanisms might play in address these issues. [...] These include engagement with Asia that includes: investments in our domestic infrastructure to ensure they are oriented and have the capacity to respond to ■ A regional and bilateral approach: The two tracks the demand of Asia for our goods and services, a focus are not mutually exclusive and can reinforce on education and research, and consideration of Canadian goals and objectives. [...] PAGE 15 IMPERATIVES OF A WORLD IN TRANSITION ASIA: A DRIVER OF GLOBAL ECONOMIC GROWTH THE EVOLUTION in the contribution to global output ■ The value of Canadian direct investment abroad in made by North America, Europe, Asia and the rest of 2010 was C$250 billion in the United States, the world highlights the dynamism that underlies the C$157 billion in Europe and C$55.2 billion in Asia.3 resurgen [...] Given that Canada role in global economic governance, we will see the is a major producer of energy, food and minerals, it emergence of new rules and norms, and the has the potential to be part of the solution. [...] Trade liberalization is, of course, not always easy The rise of China and the challenge it presents to its politically, but it is an effective way and an inexpensive neighbours and above all to the United States has way to create growth and jobs and ensure long-term profound implications for the regional and global “prosperity.” orders.