As a resource-based economy dependent on export markets, the effects of a global economic system are potentially very marked for Canada. If a global economic system comes hand in hand with free trade, liberalized financial institutions and high mobility of capital and labor, Canada’s probable outcome can be predicted by contrasting the effects of a global economy with those of the regional NAFTA arrangement. Using this yardstick of measurement, Canada has much to gain from a more global economy. This paper will further elaborate this point.