Daniel Baum

The Banks of Canada in the Commonwealth Caribbean: Economic Nationalism and Multinational Enterprises of a Medium Power Daniel Baum

There is in the world today a quest for self-identification and an attack against the global corporation, globalization. The rationality of the attack is probed. This is done by focusing on the oldest and most powerful of the global corporations-the banks. Canada and Canadian banks with a focus on their role in the commonwealth Caribbean were chosen because it is like looking into a mirror within a mirror: Canada is a medium power. It is a capitalist nation. It has a history of economic nationalism. Yet, many of its major enterprises-save banking, are controlled by foreign businesses. At the same time, Canada's banks are, in many ways, dominant in areas such as the Commonwealth Caribbean where nationalism, even strident nationalism, often surface. This book probes the "Canadian response".