BIS Review 29/1997  -2-  All in all, these changes are to the good, in that they should result in expanding international trade, more rapid increases in productivity and, hence, improved living standards everywhere, but especially in developing countries. However, these ongoing globalization trends and adjustments to new technology do imply changes in the structure of national economies.
Canada and other industrial countries are having to cope with these changes. But change is never easy and is often stressful. Even in the large U.S. economy, there has been considerable concern over the uncertain job prospects, especially for unskilled workers, in light of the changes in technology, production and trade trends that I have just described.