Acronym for 1988 politicalcultural agreement between Canada and the U.S. aimed at providing executives and other technical functionaries of the multinational corporate sector with dual citizenship and guaranteed rights to taxation-free profits in both countries. Subsidiary elements of the formal Agreement included the right of Canada to retain higher levels of social entitlement and cultural funding without the financial means to sustain either and the orderly and staged erosion of Canada’s industrial base and socio-cultural institutions under the euphemism of “harmonization of programs and standards”. The U.S. obtained the right to continue trade harassment without remedy or reason, even though it was not required to provide compensatory climate control within Canadian cities unable to protect the newly-equivalent Canadian homeless sector against Canada’s harsher winters.

Return to the Dooney's Dictionary index.