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Importance of globalization and international trade
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Canadian International Trade
Canada is great economic superpower that has yet to reach its potential. As the second largest nation by area, we possess vast natural resources. We are a massive importer and exporter on the world stage, who a play a vital role in the stability of the northern hemisphere. Through Canada’s international trade, we export vast quantities of many different foods stuffs, minerals and manufactured goods like cars, while we tend to import lots of Iron, Aluminum and Steel. Our relations with neighbouring nations have been integral in the success of our trade. In 1994 Canada became a member of the North American Free Trade Agreement or NAFTA with the US and Mexico. NAFTA reorganized Canada’s and America’s trading systems to work as one. The trade issue of recent months is about the rising costs of energy in Canada and in the United States. Newly elected President George W. Bush now is proposing a North American energy initiative for a continental power grid. This proposal puts Canada in a very uncomfortable situation. On the one hand we would love to share our resources and appease our super-power to the south. But on the other we prefer to leave our pristine land alone. The growing trend nowadays is that politicians are the ones wanting to please the Americans by giving away our resources, while it is the activist who is concerned about the vast environmental damage this energy legislation could entail.
The composition and structure of Canada’s trade is an ever changing entity. We are one of the chief lumber exporters in the world. We posses vast oil fields in Alberta, where there are about three-hundred billion barrels of oil as opposed to only two-hundred and sixty in Saudi Arabia. Grains are ex...
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...be tempered by their desire to be a wealthy nation as well. Becoming a wealthy nation means becoming economically dependant on the US. Foreign ownership is on the rise in Canada, our vast natural resources up for grabs by the energy hungry US and there are less and less restrictions every day for trade within North America. NAFTA has created a good environment for Canada thrive, exports are increasing and we are exporting a safe amount, as not to deplete or decimate any one of our natural resources. Canada is in a good position. We have a small population, great resources and neighbours who have an insatiable need for our goods. Unfortunately this may mean giving up some of our Canadian identity, as if that hasn’t already happened. Yes, our import and exports are mainly to one country, the US, but why not be dependant on the most powerful nation on the planet, ever.
Nikiforuk’s article is written to argue a point and persuade the audience, non-specialist individuals, to his claim. There are many methods used to achieve this. Starting in the introduction Canada is glorified for what it used to be known for, then that image is quickly juxtaposed with the now dark and destabilized country because of the developing tar sands (Nikiforuk 211). This introduction, which uses pathos by using strong words to evoke negative e...
Trade is the most common form of transferring ownership of a product. The concepts are very simple, I give you something (a good or service) and you give me something (a good or service) in return, everyone is happy. However, trade is not limited to two individuals. There are trades that happen outside national borders and we refer to that as international trading. Before a country does international trading, they do research to understand the opportunity costs and marginal costs of their production versus another countries production. Doing this we can increase profit, decrease costs and improve overall trade efficiency. Currently, there are negotiations going on between 11 countries about making a trade agreement called the Trans-Pacific
The Alberta Oil Sands are large deposits of bitumen in north-eastern Alberta. Discovered in 1848, the first commercial operation was in 1967 with the Great Canadian Oil Sands plant opening, and today many companies have developments there. The Alberta Oil Sand development is very controversial, as there are severe environmental impacts and effects on the local Aboriginal peoples. This essay will discuss the need for changes that can be made for the maximum economic benefit for Canada, while reducing the impact on the environment and limiting expansion, as well as securing Alberta’s future. Changes need to be made to retain the maximum economic benefits of the Alberta Oil Sands while mitigating the environmental and geopolitical impact. This will be achieved by building pipelines that will increase the economic benefits, having stricter environmental regulation and expansion limitations, and improving the Alberta Heritage Fund or starting a new fund throu...
The reason for this report is to increase the reader’s knowledge on the Alberta Tar Sands, which will allow them to create their own opinions on the situation. It is a very pertinent issue in politics and will have a very large effect on the carbon emissions of Canada. Also, I wanted to further my understanding of the Alberta tar sands and learn the side effects of the tar sands. How the tar sands are different from other oil and energy procurement methods and which method is more energy efficient? Would the construction of the Keystone XL pipeline in the United States be an intelligent way for the US to involve itself in the tar sands? I wanted to answer these questions by knowing the real facts about the tar sands versus what the oil companies are telling the consumers. The ability to assess the entire situation will allow both the reader and I to formulate our own opinions about the tar sands and whether the extraction of oil at the tar sands should continue.
“Merchandise imports and exports between "Canada" and "World", by Harmonized System section.” Statistics Canada. N.p., March 2014. Web. 1 March 2014
Another key resource in the attraction to Canada was the fur that was available. In the 17th and 18th century, fur was in high demand in Europe. Fur pelts were seen as fashionable, and of high value at the time. Beavers were a main provider of fur pelts, and were decreasing in amount within Europe, due to the high demand and mass production of these fur pelts in Europe. This relates to why the Europeans were very motivated to trade with Canadians, as these fur pelts would have been of high value and demand in Europe, creating a boost in the economy and profit for the merchants. In Europe around 1600, North American fur was also seen as of higher quality than European fur, thus concluding that in many ways North American fur was of a greater value and ‘superior’ to fur originating in Europe. These were main reasons that
Is Canada failing to be the innocent nation it is often portrayed as? Award winning journalist, Andrew Nikiforuk, wrote “Tarmageddon: Dirty oil is turning Canada into a corrupt petro-state”, published in CCPA Monitor in 2010. This environmental article set out to convince the general public that the tar sands are changing Canada for the worst. The article begins by explaining the different environmental effects that have been observed since the project started. With such detrimental results the article moves into what the politicians are doing to help the issue, which at this time was nothing. Lastly, the article goes over the economic aspect of the situation with the subject of temporary foreign workers. Andrew believes that the worlds largest
Because the manors supplied their own source of materials that were needed for community the society became self sufficient. Essential needs such as food, cloth, fuel, lumber, and other goods were produced from the land or animals. Consequently the few outside purchases made were things that weren’t grown on in that region such as salt and iron. Document 3 states, “International trade was carried on only to serve the demands of the wealthy, and it was largely in the hands of aliens [different peoples]—Greeks, Jews, Moslems. Local society made almost no use of money.’’ This shows that there was little need for international trade, those of the few who participated were meeting the demands of the wealthy. Also the trade heavily relied on people
This chapter reading by Andrea Olive provided background of the Canadian environmental issues of terms of its substance and political discourse. The author focuses on the wide range history of environmentalism in Canada, as well as highlights the ‘waves that occurred in the twentieth era. Then looks at the most current Conservative government. Throughout this chapter Olive explains and teaches environmental policy and events that occurred waves. The author constructively outline the reason and causes of the Third wave. The critical issues occurring policymaking environmental challenges and even opportunity that Canada has been facing throughout its history and twenty-first century was discussed within this chapter. Thus, my review on this
...nguage, and religion all make up Canada’s human face, but also front how the cultural accommodation will continue with the risk of losing Canada’s main traditions. Faultlines again come into perspective within demographic issues, especially with newcomers/old-timers, aboriginal population expansions, and French/English language. The core/periphery model is also represented. The end of the chapter places a focus on Canada’s economic face as well, dealing with stresses inside the global economy as well as its strong dependency on the U.S markets (Bone, 169) especially with the stimulating global recession. Canada’s economic structure leans on the relative share of activity in the primary (natural resource extraction), secondary (raw material assembly), tertiary (sale/exchange of goods and services), and quaternary (decision-making) sectors of the economy (Bone, 166).
However, Canada is a valued trade partner for the Americans. For example, the United States has a dire need for our natural resources, such as water. Having polluted their own water supply, the now looks to Canada for the solution to their problem. If Canada were to become a part of the United States, our water would become polluted, forcing the United States government to buy even more clean water from another country for even more people. Also, the differences in our political systems would mean change for both the United States and Canada, which would doubtlessly upset millions of people. Would we have a President or a Prime Minister? Indeed, our 'assimilation' would be difficult. However, youth would have little trouble fitting in, since we wear the same clothes, listen to the same music, watch the same television shows, and play the same games.
People outside of Canada are baffled at how Canada ended up in such a state of affairs. Canada as a country has a lot going for it. A high GNP, and high per capita income in international terms. It is ranked at the top of the...
Canada Is Becoming Too Americanized Today Canada and the United States are major trading partners, allies, and two neighboring countries with a long history of cooperation with each other. But is it possible for Canada to protect its independence and culture living next door to the country so powerful and rich as the United States. Since the Canadian confederation, Canada started developing relations with the U.S. As the years passed by, Canada began to relay on the United States in the national defense. Many Canadians think that the military, political and economical dependence would not make a difference to their daily life.
Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across the borders of Canada, US and Mexico but it fostered shared interest in investment, transportation, communication, border relations, as well as environmental and labour issues. The North American Free Trade Agreement was groundbreaking because it included Mexico in the arrangement.2 Mexico was a much poorer, culturally different and protective country in comparison to the likes of Canada and the United States. Many members of the U.S Congress were against the agreement because they did not want to enter into an agreement with a country that had an authoritarian regime, human rights violations and a flawed electoral system.3 Both Canadians and Americans alike, feared that Mexico's lower wages and lax human rights laws would generate massive job losses in their respected economies. Issues of sovereignty came into play throughout discussions of the North American Free Trade Agreement in Canada. Many found issue with the fact that bureaucrats and politicians from alien countries would be making deci...
The majority of Canada’s population is centralized in Ontario and Quebec (Brander, 2014). A large share of the economic activity in these two provinces is related to manufacturing (Brander, 2014). Meanwhile, western provinces are more closely connected to resource-based industries, such as mining, energy, and forestry (Brander, 2014). Provinces within Canada manage and tax their own natural resources (Boadway, Coulombe, & Tremblay, 2013). Thus, the geography of Canada combined with the jurisdiction for natural resources poses a problem when attempting to combat the Dutch disease (Bimenyimana & Vallée, 2011). The resource boom is affecting two different parts of Canada (Bimenyimana & Vallée, 2011). Western provinces, specifically Alberta, are benefiting from the resource boom in the oil and gas industry (Bimenyimana & Vallée, 2011). Meanwhile, provinces with large manufacturing sectors, particularly Ontario and Quebec...