Be intentional about globalization (Guest commentary)

Canadian HR has a lot to offer global economy: SHRM
By Brian J. Glade
|Canadian HR Reporter|Last Updated: 03/04/2009

Guess which country, alone in the industrialized world, has not faced a single bank failure, calls for bailouts or government interventions in the financial sectors. Yup, it’s Canada,” wrote Fareed Zakaria, a commentator for Newsweek and author of The Post-American World.

Zakaria insightfully recognized much that is right with Canada as a nation. Its banks are well capitalized but more soundly and safely leveraged than American or European counterparts. Housing prices have decreased only one-half as much as those in the United States because overconsumption has been curbed by a more conservative tax code in Canada, whereas consumption is encouraged by mortgage interest payment deductibility in the U.S.

Canada has also built up 12 years of budget surpluses and restructured its national pension system. Health care is cheaper and consumes less gross domestic product (GDP) than in the U.S. and, as a result, Canadians have a longer life expectancy than their neighbours to the south.