Merger of the Century
Description
No two nations in the world are as integrated, economically and socially, as are the United States and Canada. We share geography, values and the largest unprotected border in the world. Regardless of this close friendship, our two countries are on a slow-motion collision course-with each other and with the rest of the world. While we wrestle with internal political gridlock and fiscal challenges and clash over border problems, the economies of the larger world change and flourish. Emerging economies sailed through the meltdown of 2008. The International Monetary Fund forecasts that by 2018, China's economy will be bigger than that of the United States; when combined with India, Japan and the four Asian Tigers-South Korea, Taiwan, Singapore and Hong Kong-China's economy will be bigger than that of the G8 (minus Japan).
Rather than continuing on this road to mutual decline, our two nations should chart a new course. Bestselling author Diane Francis proposes a simple and obvious solution: What if the United States and Canada merged into one country? The most audacious initiative since the Louisiana Purchase would solve the biggest problems each country expects to face: the U.S.'s national security threats and declining living standards; and Canada's difficulty controlling and developing its huge land mass stemming from a lack of capital, workers, technology and military might. Merger of the Century builds both a strong political argument and a compelling business case, treating our two countries not only as sovereign entities but as merging companies.
We stand on the cusp of a new world order. Together, by marshalling resources and combining efforts, Canada and America have a greater chance of succeeding. As separate nations, the future is in much greater doubt indeed.
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Diane Francis is an expert on Canada, the United States, Canada-US relations, Silicon Valley, future technology, geopolitics, the Ukraine-Russia conflict, Putin, energy, business, and white collar crime. Always provocative, her direct and forceful writing has established her international reputation in covering the personalities, trends, and financial backstories that affect companies, individuals, governments and societies. Her popular twitter feed on tech and corruption has more than 240,000 followers around the world.
An award-winning columnist, bestselling author, investigative journalist, speaker, and television commentator, she is Editor-at-Large at Canada’s National Post and a columnist for American Interest, Atlantic Council’s Ukraine Alert, and Kyiv Post. Francis is Faculty at Singularity University in Mountain View, California, a Distinguished Visiting Professor at Ryerson University in Toronto, a Senior Fellow at the Atlantic Council in Washington, DC, and sits on the boards of the Hudson Institute’s Kleptocracy Initiative in DC and the Canada-US Law Institute in Cleveland. She is a member of Abundance360, created by Silicon Valley influencer and space pioneer Peter Diamandis, who leads this exclusive group of 250 entrepreneurs.
In 1991, Francis became Editor of Canada’s Financial Post, the first woman editor of a national daily newspaper in Canada, a position she held until the paper was sold in 1998. She is the author of ten books, including Merger of the Century: Why Canada and America Should Become One Country (2013, featured in a cover story in Foreign Policy), Who Owns Canada Now?: Old Money, New Money and the Future of Canadian Business (2008), and Immigration: The Economic Case (2002).
She was a director of two public companies, Aurizon Mines and Lake Shore Gold, until both were sold and is now involved with companies in software development and medical devices.