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Saving Globalization: Canada's McCallum Sees Competitive Edge in Immigration

America's neighbor is open for investment, trade, and ... people
Canadian Prime Minister Justin Trudeau marches in the annual Pride Festival parade with Syrian refugee Bassel Mcleash, holding flag, in Toronto, on July 3, 2016.

Canadian Prime Minister Justin Trudeau marches in the annual Pride Festival parade with Syrian refugee Bassel Mcleash, holding flag, in Toronto, on July 3, 2016.

Photographer: Ian Willms/Getty Images
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Globalization is under fire in some developed economies. But in parts of the Americas voters are embracing leaders looking to deepen integration and trade. Bloomberg Benchmark is publishing a series of conversations with regional thought-leaders on the topic of globalization. John McCallum is Canada’s immigration minister in Prime Minister Justin Trudeau’s new Liberal government. As an economist, McCallum was the first to document how companies have a propensity to trade within national borders. Bloomberg’s Theo Argitis conducted the interview, which was condensed.

What is the role of immigration in globalization? Are there limits to how fast a country can grow its population and labor force from abroad?