The Cost of Freer Trade

The Cost of Freer TradeBefore Sept. 11, 2001, Canada and the United States liked to brag that the line on the map between them denoted the longest undefended border in the world. Since exporters could cross that border in the blink of an eye and the Canadian dollar’s value was low, Canada was able to woo foreign investors by promising them a combination of relatively cheap production costs and unrestricted access to lucrative U.S….