So, the integration of these countries into the global economy represents both a competitive challenge and a tremendous opportunity for the industrialized world. These emerging markets are just that markets. China is already one of the largest importers in the world and its importance will increase over the next decade.
This source of growing demand can provide a much-needed boost to the global economy in general and to the Canadian economy in particular. We have already seen some Canadian commodity producers step in to fill the demand from Asia.