uropean Union holding most of this share. Taylor (2001) points out that the chemical products and textile industry, transportation and equipment, and machinery and equipment have the largest degrees of foreign control and ownership. Similarly, foreign owned firms have a high concentration in the financial sector as well.
Government involvement in the corporate sector in Canada was described by Clarkson (2001) as facilitating a multilateral approach which concentrates on international commerce. The Canadian state is seen by this analyst as denationalized due to resistance of a deterioration of after tax income inequality while the government continues to sustain the core of the welfare state (i.e., universal health care and public education). The political system has been, said Clarkson (2001), destatized through the growth of the government's role in meta-government, steering rather than rowing the political boat.
Corporate Canada, Globalization, Neo-liberal Democracy
The transition to a neo-liberal regime took place in Canada in the 1980s (Carroll & Little, 2001). The Canadian state, federally and unevenly at the provincial level, adopted Thatcherite privatization and deregulation policies. A key element in the process toward neo-liberalism was the FTA of 1989, but in terms of international investment the transition really began in 1985 when the national government lifted restrictions on foreign investment and replaced the Foreign Investment Review Agency (FIRA) with Investment Canada.
This transition as described by Walsh (2006), was accompanied by a transition toward multiculturalism and cosmopolitanism. Canada is an excellent example of the effect of the emergence of the international community, the deterritorialization of rights regimes founded upon universal personhood, and the reorgan
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