In Country Held Hostage, economist and journalist Miville Tremblay examines how Canada’s mounting public debt in the late 20th century left the nation vulnerable to the pressures of global capital. Drawing on economic data, policy analysis, and international case studies, Tremblay argues that Canada’s fiscal decisions were increasingly dictated not by domestic priorities but by the demands of foreign investors and lenders.
The book explores the mechanics of deficit financing, external debt, and foreign investment, showing how these forces shaped Canadian economic policy. Tremblay warns that without reform, Canada risks losing control over its financial destiny, effectively becoming “hostage” to global markets.
Written in accessible language, the book combines economic theory with political urgency, making it a valuable resource for students, policymakers, and citizens concerned about fiscal responsibility and national autonomy.