{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Canada's Economy, Explained","title":"No Easy Exits: Canada, the Map and a World Beyond the U.S. with Simon J Evenett","html":"","width":"100%","height":180,"duration":6761,"description":"Canada wants to diversify. But diversify what, exactly?\nExports? Customers? Suppliers? Technologies? Capital? Risk? And how would we know when we had actually done it?\nIn this extended first episode of Canada’s Economy, Explained after the summer break, host Marwa Abdou sits down with Simon J. Evenett, Professor of Geopolitics and Strategy at IMD and founder of Global Trade Alert, for a wide-ranging conversation about one of the most consequential questions facing Canada: how much economic choice can a deeply integrated middle power actually create for itself?\nEvenett has spent much of his career studying the gap between how governments talk about international commerce and how trade, investment and business decisions actually work. Together, he and Abdou put some of today’s most comfortable policy words under pressure: openness, resilience, dependence, sovereignty and diversification.\nWhat begins with the gravity model of trade quickly becomes something much larger. How much can Canada really diversify away from geography? When does interdependence create prosperity, and when does it create leverage? What are we willing to pay for greater resilience? Who bears the cost of adjustment when supply chains move? And what happens when one country’s attempt to create more economic choice changes the incentives of the partner it is trying to become less dependent upon?\nAlong the way, the conversation moves through outside options, supply-chain risk, portfolio theory, adjustment costs, repeated games, weaponized interdependence and the increasingly blurred boundary between trade policy and economic security. \nAnd the stakes are no longer hypothetical. In the days after this interview was recorded, the Canada-U.S. confrontation escalated, making many of the questions in this conversation considerably less theoretical.\nDiversification may be easy to draw on a map. Building real economic freedom in an interdependent world is much harder.\nThis episode was researched and...","thumbnail_url":"https://img.transistorcdn.com/KZ-QxDP6XVUT8PQAcs4YFxiv-hSbHySdewO3dwLBqM0/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9lM2Y3/MGNjNDU2ZWYyYWVj/NjdkYTlkY2MzNjA5/NmMxZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}