Introduction

The focus of this book is the interaction between government trade policy and corporate strategy within a global trading environment. The relationship between the formulation and implementation of trade policy and corporate strategy will be analysed. To provide a realistic perspective, the Canada–US Free Trade Agreement and other examples relevant to small, open trading economies, will be utilized. These serve to illustrate the realities of doing business in our integrated but regulated global trading system. We will extend our discussion of trade policy to include the economics-related issues of industrial policy in general. These will be examined from both a management and a public-policy perspective.