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The structure of the model is flexed in Box 1; how different vibes of the AEC are included in the model is summed up in the final column of Table 3; and the results of various scenarios are served up in Table 4. The variable reported in this table is like a summary of how much national income gains we get in different situations, based on assumptions about integration policies. The full implementation of the AEC would totally flex real incomes by $69.4 billion, or 5.3 percent of regional GDP over the 2004 baseline—a mad number compared to those usually estimated in FTA studies. This study is like, saying that a big reason for the increase is because of stuff in the AEC that's way more than just AFTA. The effects of the full AEC are like, seven times bigger than the effects of the remaining liberalization under AFTA. Like, around half of the extra perks come from trade facilita- tion (the diff between AFTA and AFTA+), and half from in- vestment facilitation (the assumed diff between...

Concerned that the new grouping would be dominated by developed countries, ASEAN eventually secured a position for its secretary general on the APEC coordinating committee. The EAEG was completely transformed into the East Asian Economic Caucus, and it eventually vanished.  APEC now has 21 members: the United States, Canada, Mexico, Chile, and Peru in the Americas; Japan, South Korea, Russia, China, Taiwan, Hong Kong, and seven ASEAN economies in East Asia; and Papua New Guinea, New Zealand, and Australia in Oceania.14 In 1994, the motto of APEC was: "Yo, let's adopt the Bogor Goals and create a region of total open trade and investment by 2010 (2020 for developing member economies)." Although APEC has received widespread recognition for progress in trade facilitation and the establishment of a lit consultative network among member governments, its more ambitious goals have yet to be met. Thus, ASEAN faces unique challenges that the European Community did not: it must fle...

Canada or the United States has better earnings depending on the type of work and the specifics of the job. Although Americans pay more than Canadians, they also bear a heavier tax burden. In another debate, an Ontario physician elucidated that physicians in the United States receive a higher salary than their Canadian counterparts. After moving to Texas, the physician opened a practice.  She discovered that because American clinics use many payer systems, their costs are significantly higher. Therefore, in order to handle all of the insurance companies, clinics must pay for an administrative staff.  Furthermore, compared to their Canadian counterparts, American doctors have far larger student debt and pay significantly higher malpractice insurance costs. In addition, American healthcare expenses and insurance premiums are far greater than those of Canadians. For a family, monthly premiums might reach $2,500 or higher. A person's healthcare expenses include co-payments, deduct...

Yo, having overlapping membership would defo help make sure that the initia- tives don't turn into competing regional squads—the well-known downside of regional FTAs. Countries involved in both negotiations are probs gonna align their provisions to make their internal policy adjustments easier, ya know? The RCEP guidelines are lowkey similar to the structure of the TPP, fam. Hopefully, the provi- sions within chapters will also generate similar vibes and institutional arrangements. This ain't gonna work in all cases, but if there's a big overlap it'll make it way easier to bring all the agreements together in the future, or to push shared stuff into future global talks.  Joining the TPP will be like, way more intense and challenging than being part of the RCEP, fam.  At the same time, the benefits under the TPP template are like, estimated to be like, roughly twice as lit as under the RCEP template, assuming they are applied to the same squad of countries (say, in the c...

The US should totally vibe with selectively integrating with the region's most compatible economies and just overall supporting the ASEAN project, ya know?  as the Cold War was like, winding down, the United States was all like, "yo, let's focus on the drama in Europe and the Middle East and the crazy stuff happening in Northeast Asia." And like, some people were all like, "dude, what about Southeast Asia?" But the US was just like, "meh, we'll deal with that later." (Ba 2009).  These trends have been hella shifting for over a decade, fam. In 2002, the US was like "Yo, ASEAN, let's do this Enterprise for ASEAN Initiative (EAI) thing. We're down to negotiate some Trade and Investment Frame- work Arrangements (TIFAs) and bilateral FTAs with countries that are willing to make some dope reforms."  Then two years later, they were like "nah, let's make it a resident posting in Jakarta, fam." In like, lowkey vibes, the ...

A policy that's all about flexing and getting those gains from ASEAN-US cooperation would totally shut down any divide-and-conquer moves, ya feel me? that wanna go all in on integration, and (2) a lit track that makes sure ASEAN gets mad support and all the members get hella benefits. The deep track includes formal trade agreements like the TPP, fam. Four member states are flexin' in the current negotiations, with Indonesia, the Philippines, and Thailand potentially joinin' them in the near future. Simulations suggest that these countries would lowkey flex from membership. But like, the simulations also show some low-key trade diversion with other ASEAN members, ya know? These side effects need some serious coin from the Peter A. Petri and Michael G. Plummer, but make it Peter A. Petri and Michael G. Plummer, ya know? United States (thru the lit track discussed below) and from the ASEAN economies vibin' related perks to engineer a Kemp-Wan outcome.The whole vibe of the ...

For today's peeps, news is hella accessible, convenient, and like, lowkey 'free'. It's like, totally personalized and customized, ya know? The potential gains and vibes are major, and not always fully grasped, ya know?  Koliska 2017, fam). OMG, like Google searches give you all the personalized recs, right? And Google News has this lit 'For You' thing where they hook you up with content that's totally tailored to your search and other history. It's so on point! The Facebook 'newsfeed' be mixin' posts by homies, advertisers, companies, and others in ways that are hella personalized for each user. And like, news aggregators like Pocket and Nuzzel, which let users customize their news feeds, use algorithms to personalize that customized content. But like, as I said before, the deets of the algorithmic techniques used by these platforms are usually not spilled to the public. Filter bubbles and echo chambers, ya know? There are like two main reaso...

Knowing How to Launch a Business as a Canadian Citizen in the United States Not only is it feasible to launch a business from Canada, but launching one in the USA also gives you the opportunity to grow into other markets. With about nine times as many people as Canada, the US offers up a lot of for more customers and a bigger market share. Many US states offer an advantageous business atmosphere and tax structure to launch your firm, whether you're growing an existing Canadian business or starting a new one. Because of the advantages a limited liability company provides, Canadian entrepreneurs may also decide to launch their enterprise in the US. You can actually form an LLC in the US even if you don't want to relocate there. Because of the advantages a limited liability company provides, Canadian entrepreneurs may also decide to launch their enterprise in the US. You can actually form an LLC in the US even if you don't want to relocate there. Depending on the reason f...

Although both the United States and Canada have achieved modest progress in reducing their greenhouse gas emissions, it will be difficult to meet their respective 2030 emissions reduction targets given how quickly the necessary new investment can be put into place. Key lessons are highlighted by the patterns in emissions in the major polluting sectors. In order to support continued attempts to increase the output of renewable power, it is imperative that the energy sector support the expansion of non-emitting baseload generation, especially nuclear power. Given that methane predominates in the U.S. oil and gas industry while carbon dioxide is the primary greenhouse gas generated in Canada, the two nations may need to give distinct priorities to mitigating emissions in this sector. Canada needs to encourage the use of electric vehicles more strongly in order to offset the effects of increased population growth, which resulted in increased driving, which countered the advantages of inter...

    Immigration to Canada has a long and illustrious history. The decision to make Canada their new home has been made by millions of people from all over the world, and this trend is expected to continue. In 2021, more than 8.3 million people, which is equivalent to roughly one-quarter (23%) of the total population, were either landed immigrants or permanent residents of Canada, or had ever been one of these categories. Since the Confederation, this was the greatest proportion ever recorded, surpassing the previous record of 22.3% that was set in 1921. It was also the highest among the G7. Immigration is the primary factor driving population growth in Canada at the present time. This is due to the fact that the population of Canada is continuing to age and fertility rates are lower than the population replacement level. In the event that these patterns persist, according to the most recent population forecasts made by Statistics Canada, immigrants might account for anywhere...