Trump Making Canada Great Instead

Discussion in 'Economics' started by Richard Stanley, Oct 1, 2017.

  1. Richard Stanley

    Richard Stanley Administrator

    The following excerpts are from a longer article about the positive impact that Trump's campaign of Kaos is already having on Canada, at American expense.

    And he Tweets while Rome on the Potomac burns.

    From: http://www.politico.com/magazine/story/2017/10/01/donad-trump-making-canada-great-again-215651
    ...
    Trump might see these proposals as part of his core political agenda to prioritize Americans and their jobs, and make the United States “great again.” But, while America turns inward, another country stands to benefit: Canada.

    Why? It’s not just that Canada has opened centers for refugees streaming over the border from the United States, with Prime Minister Justin Trudeau personally welcoming some of them to the country. Canada is specifically recruiting the skilled, ambitious talent that drives innovation and economic growth, including top thinkers and workers in technology and industry. Canadian universities—which rank among the world’s best in fields like computer science, electrical and computer engineering, and artificial intelligence—are aggressively recruiting foreign students, who in turn are matriculating in Canada at higher levels than before Trump’s election. And Canadian cities—particularly Toronto, Vancouver and Montreal, which rate among the best places in the world to live—are attracting more venture capital to fund the tech industry, on par with American tech hubs like Seattle and Austin.


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    As America closes its borders, Canada is playing the longer, smarter game.

    ...
    The truth is that if Trump really wants to put America first, he’s doing it all wrong. If he keeps up his anti-immigration push, the United States’ polite neighbor to the north could soon be eating Americans’ lunch.

    ...
    Just as American universities like Stanford and MIT have functioned as the Ellis Islands of the knowledge age for the United States, Canada’s universities now play a key role in attracting foreign talent to the country. Between 2008 and 2015, the number of international students in Canada nearly doubled—from roughly 185,000 to more than 350,000. Today, foreign-students already make up a substantially larger percentage of students at Canadian versus U.S. universities—20 percent of all students at Canadian universities compared with less than 5 percent in the United States.Canadian immigration law also makes it much easier for foreign students to remain in Canada after they graduate, so they are able to make a more direct and lasting contribution to the Canadian economy.

    Perhaps not surprisingly, the number of foreign students applying to Canadian universities has spiked substantially since Trump was elected. At the University of Toronto, where we both teach, international student applications jumped by 70 percent in fall 2017, compared with the previous year. In the weeks following the 2016 election, foreign student applications to McGill University in Montreal jumped by 30 percent, while those to the University of British Columbia in Vancouver increased by more than 25 percent, compared with the same time a year earlier.

    ...
    Canada’s large cities and metropolitan areas are diverse, cosmopolitan places that stack up well against their American peers in the global competition for talent. Immigrants make up 45 percent of Greater Toronto’s population and 40 percent of Greater Vancouver’s, compared with more than 35 percent in Silicon Valley and about a third in Los Angeles and San Francisco. Calgary’s share of immigrants is about the same as New York’s, while Montreal’s is about the same as Washington, D.C.’s. Vancouver and Toronto also routinely outdistance American cities on livability, ranking third and fourth respectively on the Economist’s 2017 list of the world’s most livable cities. With excellent public schools and lower urban crime, Canada’s urban centers have a real advantage attracting families that want to live in cities.

    ...
    This is not the first time Canada has potentially benefited from a restrictionist bent in U.S. policy. In the early to mid-2000s, around the same time that the George W. Bush administration imposed immigration restrictions, a number of American high-tech companies set up branches in Canada. Microsoft, for instance, opened a lab outside Vancouver to attract foreign tech talent that it feared would be denied entry in the U.S. But, ultimately, the period saw little in the way of a permanent shift.

    Yet, this time could be different. Trumpism poses a serious threat not just to open immigration in America, but also to public investments in basic science and technology, while signaling a troubling disdain for scientists, intellectuals, immigrants and so-called “urban elites.” Around the world, America is beginning to be seen as something of a rogue nation—out of step with the core practices and cultural beliefs of other advanced countries. Migration requires trust that a new life will be safe and stable. Migrants want to know that visa policies will not be reversed in a day, and that they won’t be treated as second-class citizens. Trump hasn’t helped to build that sense of trust. Instead, he has shown the world that America is now increasingly a place that shuns immigrants.

    Still, the damage Trump has done to America’s brand is not yet permanent. Foreigners are not leaving America in droves, and immigrants have not sought out other destinations en masse. The question moving forward is what will happen if Trump really does build the border wall with Mexico, or initiates mass deportations of immigrants, or if emboldened white nationalists and neo-Nazis take to the streets again? ...
     

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