Research Paper on:
Canada's Government and Business Roles, Regulation, and Deregulation Issues

Unformatted Sample Text from the Research Paper:
extent that most historical Canadian business ventures are those which had high government involvement such as the Canadian Pacific Railway and Air Canada. However many business critics believe that this  intervention is based on the Canadian governments basic belief that the government can do a better job of controlling the economic interests of business which is contrary to those within  the business industry who believe that free markets and competition actually do a better job of distributing goods and services. The practice of the government however changed in the 1980s  when pressure from the corporate elite within Canada lead to a new approach in government relations with business and industry which became one of deregulation, privatization, and assistance within the  competitive marketplace (Owen, 2001). Michael Bliss of the University of Toronto believes that because of the Canadian governments history of intervention within  the country, it is hard for many to conceive a new wisdom or approach to business that would not include government intervention. Overall he states that "governments believe that they  have a responsibility and a capacity to solve almost all problems that come before it [and] governments since the war have been remarkably confident and interventionist in all areas of  our economic life including the idea of propping up failed industries". However he adds, "by the 1980s, though, Canadian governments had begun to realize that the idea of forever bailing  out dying industries was kind of a dead-end proposition and that generally there were limits to a governments ability to intervene effectively in economic life" (Owen, 2001).  Where previously the Canadian government had been investing and interested in the regulation of business and industry, the 1980s began a time of deregulation and privatization.