...Canadian Identity? When you first entered Canada and now, has it changed? Canadian Identity is someone that can be identified as a Canadian. To be a Canadian there are different ways that you could identify yourself as a Canadian whether as an immigrant who became a citizen or Canadian born. Before I came in here I was expected to be a citizen as I was a “highly skilled worker” and entered here with my Public Relations, and came knowing already that Canada was the best place to live in the world, not America. I came with high expectations and with the mindset of living a better life which of course we are all living now. So in a recall, identity gives you the rights as a citizen and causes national pride for...
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...CHALLENGES FOR CANADIAN INTERNATIONAL TRADE GROWTH WITH MULTILATERALISM TRADE March 4, 2011 Abstract This essay contains the international trade between Canada to U.S. and Canada to China including the foreign exchange policy in each country and comparative advantages. It mostly focused on U.S and China between Canada’s relationships. The United States and China are the largest economic market in the world. Also these countries are Canada’s most favor relationship in the international market. In 2009, the international financial crisis became a huge issue of the world. Due to this financial crisis U.S got a lot of damage. It made also Canada’s economic downturn, because of strong reliant on U.S. Over view, Canada has to be a stronger country with more powers, in order to maintain a good relationship with many other countries to help each other and have more successful economic growth. GLOBAL ECONOMIV DOWNTURN FROM THE FINANCIAL CRISIS In 2009, there was a global economic downturn from the financial crisis. Because of this, many countries got a lot of money damages. This put the world economic in most hard situation. Most of the people in the world spent such a hard time in this area. The main sources of this happened from some countries which were largest markets in the world such as the United State and other developed countries. From this economic downturn many developed countries reduced imports from other countries. Therefore a lot of export countries...
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...institutions in Canada responsible for conducting fiscal and monetary policy, name the Department of Finance and the Bank of Canada. What are the roles of each and what are each responsible for obtaining? What are the responsibilities of each institution and what tools do they have at their disposable to impact the economy? Can you say that their objections are in tandem with one another or due they sometimes conflict? Please explain. tools available to the Federal government in managing the economy -- Fiscal and Monetary Policy Legislative Overview In Canada, the monetary policy is conducted by the Bank of Canada in which the government owned organization function with considerable independence from the federal government but is accountable to the parliament. Monetary policy in Canada is set by non-elected officials at Bank of Canada. Other decisions regarding the level of government revenue and expense is part of fiscal policy which is made by the Government of Canada with the approval of the parliament of Canada, as result monetary and fiscal policies are governed independent of each other (Frigon, 2010). The role of monetary policy is to preserve the value of capital by keeping inflation low, stable and foreseeable. This allows Canada to make spending and investment decisions with confidence, encourages long-term investment in Canada and contributes to better job openings and greater productivity with a better standard of living. Monetary policy in Canada has three characteristics:...
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...over it’s private counterpart, not only in Canada, but any country attempting to utilize their society to the fullest. I will argue that the welfare-state liberalistic approach is much better because it seeks to pool the resources of the many and regulate/distribute it to the few in dire need, hopefully resulting in a diminishing number of sick and homeless. I begin my essay by highlighting the importance and function of both the welfare state liberalist’s public heath care and the neoconservative private health care. My argument stands on the grounds that public healthcare in Canada is more tenable because it works for the common good of all people, regardless of socioeconomic class while also placing a primary focus on efficiency, instead of profitability. A viable counterargument is that most working people do not find it ‘fair’ to have their hard-earned money taken to support the lazy or poor(welfare), although in reality the vast majority of these ‘lazy’ poor people or those outside of a private healthcare system are not in the position out of free will. As we examine the positives and negatives of both systems it becomes increasingly apparent that as empathetic humans we all have a right to health and to equal opportunity to play our part in society. The welfare-state liberalist view, at its core, is a government that plays a pivotal role in the protection and promotion of the economic and social prosperity of the citizens. Equality, a concept that is seldom of concern...
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...England’s size relative to Canada : UK - 244,820sqK, Canada – 9,984,670sqK England’s population: 57.1 million Languages spoken: English (main language) GDP per capita: $55309.09 CD World region: Europe Capital city: London Currency: The currency of England is the pound sterling. Paper money comes in £5, £10, £20 and £50 denominations, although £50s can be difficult to change because fakes circulate. (Other currencies are rarely accepted.) 12:00pm in Ottawa is 5:00pm in England. England’s has a maritime temperature climate it is mild with temperatures not much lower than 0 °C (32 °F) in winter and not much higher than 32 °C (90 °F) in summer. The weather is damp relatively frequently and is changeable. The coldest months are January and February, the latter particularly on the English coast, while July is normally the warmest month. Months with mild to warm weather are May, June, September and October. Important influences on the climate of England are its proximity to the Atlantic Ocean, its northern latitude and the warming of the sea by the Gulf Stream. England’s labour force is relatively small. Only 1.4% of England is occupied by agriculture the other 98.6 percent is split up into, Industry which is 18.4% and the most occupied of England’s labour Services which is 80.4% of England’s work force. The England form of Government is a constitutional monarchy, which combines a monarch head of state with a parliamentary system. While many consider the England...
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...assets at a given time. For example, French enterprises have been significant foreign investors for McDonald’s; some 1,100 French multinationals account for around 8 percent of the global stock of foreign direct investment Common law system is based on tradition, precedent, and custom. Tradition refers to a country’s legal history, precedent to cases that have come before the courts in the past, and custom to the ways in which laws are applied in specific situations. It differs from a civil law system which is based on a detailed set of laws organized into codes. When law courts interpret civil law, they do so with regard to these codes. Factor endowments are the extent to which a country is endowed with such resources as land, labor, and capital. A simple example of a factor endowment with respect to land would be the presence of natural resources such as oil. Countries with abundant oil tend to export oil, focusing internal resources toward producing the factor they have in quantity. Angola is an extreme example of such specialization: oil accounts for 98% of its exports or for instance, as China's labor force has grown more skilled, wages have risen and China has begun specializing in more complex manufactured goods. Local content requirement is a requirement that some specific fraction of a good be produced domestically. The requirement can be expressed either in physical terms (e.g., 75 percent of component parts for this product must be produced locally) or in value terms...
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...Indeed, the concept of globalization raises many questions and controversial issues. The globalists argue that globalization is a positive development as it will give rise to new industries and more jobs in developing countries. Meanwhile, the anti-globalists state that globalization is negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do. Both ends of the argument have valid points, but for the sake of argument, I look further into the adverse. One issue is that developed countries, like Canada, are the ones losing out because they are involved in outsourcing many of the manufacturing jobs that were previously done by their own citizens. Outsourcing involves obtaining goods by contract from outside sources. An example of outsourcing is when technical help services are being provided by India for electronic products that are North American made. This is also why we may find many of our clothes with labels from developing countries such as Malaysia, Sri Lanka, and the Philippines, where they can be produced at lower costs. The critics that are against outsourcing feel that no one wins with this practice. Workers...
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...CANADA-U.S. Business Travel Guide Released February 2013 CANADA-U.S. BUSINESS TRAVEL GUIDE INTRODUCTION Word from Jayson Myers, President & CEO, Canadian Manufacturers & Exporters T he advent of global supply chains has led to significant changes in the way manufacturers do business. In today’s day and age, the business of manufacturing is no longer simply about getting a product out the door — it is rather about providing innovative solutions to customers’ problems. Manufacturers now deliver value to customers by embedding their skills, innovation, financing and logistics solutions in the tangible goods they deliver. To compete and win in today’s environment requires constant interaction between manufacturers and their suppliers, customers, business partners, and services providers. Despite recent advances in information and communications technologies, much business is still conducted face-to-face, and deals are still done with a handshake. Whether it’s engineers working together to develop a new manufacturing process, executives meeting to negotiate a licensing agreement, or industry leaders getting together at a conference to map the future of their sector, creating value requires business people to meet and interact. Given the intensity of Canada’s trade relationship with the United States, this is especially the case between our two countries. Not only are we each other’s largest customer, but our businesses increasingly work together...
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...challenge amongst countries these days to develop their economies. The goal of all governments is to improve their citizens' quality of life which can be achieved through economic progress. With the threat of the global economic recession, this goal has become particularly difficult. In order to combat this challenge, some countries have resorted to engage in economic partnerships with other countries. This is where the Trans Pacific Partnership (TPP) comes into the picture. So what is the TPP? According to the Washington Post, the TPP is a giant free trade deal between the U.S., Canada, and ten countries in the Asia-Pacific region that's been in the process of negotiation for nearly ten years now. Under the agreement,...
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...The Euro Crisis According to Wikipedia (2012), the Euro Zone is comprised of 17 members that have accepted the euro as their only method of payment for goods and services. Monetary policy and management of inflation levels is governed by the ECB (European Central Bank) which consists of a president and board originating from central banks within the area. Since the late 2000's the Euro zone has experienced financial troubles mainly resulting from the varying degrees of difference between fiscal and monetary policy within each country. The majority of the debt can be attributed to the increase in both public and government debt around the globe as well as the arising debt within the euro zone. Some countries were noted for their involvement in the property crisis while other countries including Greece developed most of their financial obligations from increased public sector wages and pension contributions at an unsustainable level. As the desire for higher yielding investments expanded, many investors sought global markets as those offered by the U.S. Treasury. Norbert Walter (2012) argues that different growth rates, employment levels and unit labor costs have attributed to the euro crisis leading to heightened risk premiums and increased capital flights to those with lower risk assessments. Trade imbalances resulted from rising labor costs within several countries as well as accumulation of trade surpluses between those with the same currency that prevented appreciation...
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...Integration to Canadian Society This paper will examine the difficulties immigrants have when they arrive in Canada with respect to assimilation of language, transferability of education in finding a job in Canada and training that exists for the newly landed immigrant. We will also touch the difficulties it poses for Canadian citizens in dealing with this influx of immigrants into our urbanized centers. Anglo Canadians have quickly become a minority and continue to become a shrinking minority. Immigrants arriving to Canada in most cases believe that they have made the right choice to leave their homeland in pursuit of a better life for themselves and their children. After all Canada has a global reputation as being one of the best countries in the world for many reasons. There is free healthcare available and educational opportunities if so desired as well as many provincial social services in place to help new immigrants transition into Canadian society. Some immigrants leave there come country because of instability within their government causing national unrest and dangerous circumstances for ordinary citizens. In other cases immigration can occur simply because they are seeking a better opportunities in life. Up until 1960’s “Canada’s immigration objective was to attract more British and American immigrants, as well as immigrants from the “preferred countries” of central and northern Europe” [4] Canada’s immigration policy after 1960 has historically been very relaxed...
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...of Mexico. The selected business venture is about laptop computers. When it comes to global business ventures there also comes a great amount of risks. In the following paragraphs is an analysis of the following risks; political, legal, and regulatory risks, exchange and repatriation of funds risks, competitive risk assessment, taxation and double taxation risks, market risks, distribution and supply chain risks, physical and environmental challenges to entering and operating in a target market, social and cultural risks, and cyber or technology risks. A description of how these risks would be managed and a summary of the strategic planning process will be explained. Mexico has a moderate political risk according to AM Bests Country risk report. Mexico ties with large, developed countries that are very strong has help them in this aspect when it comes to their political risk. NAFTA North American Fair Trade Agreement also helps in this respect since it is now one of the largest free trade areas. This agreement was established between the Unites States, Canada, and Mexico and became effective on January 1, 1994. This alliance has brought economic growth and rising standards to the citizens of these three countries. There are many advantages of NAFTA, being that it has created the world’s largest free trade area, and links 444 million people and produces nearly $17 trillion in goods and services annually is that it eliminates tariffs that create agreements on international...
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...and non-tariff restrictions on trade taking place among them prior to their integration.In economics, the word integration was first employed in industrial organisation to refer to combinations of business firms through economic agreements, cartels, concerns, trusts, and mergers—horizontal integration referring to combinations of competitors, vertical integration to combinations of suppliers with customers. Objectives: There are economic and well as political reasons why nations peruse economic integration. · Offering products or services at lower prices with the goal of increasing the combined economic productivity of the states. · economic integration has been thought of as the "second best" option for global trade where barriers to full free trade exist · Increase in trade between members states of economic unions that it is meant to lead to higher productivity. · It gives comparative advantage to countries. Comparative advantage refers to the ability of a person or a country to produce a particular good or service at a lower marginal and opportunity cost over another. · To achieve economies of scale. Economies of scale refer to the cost advantages that an enterprise obtains due to expansion. · Political reasons · increased efficiency and effectiveness in production as well as distribution of resources Economic Effects: · Regional and inter-regional migration of labor results in increase in per capita income. · Maintain exchange rate of trading countries · Results...
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...Public policy is embedded into the day-to-day lives of Canadian citizens. Although some may not be actively aware of the multitude of policies, they do determine every aspect of the Canadian society. There are policies that govern air, water, food, transportation, technology, taxes, health and immigration. But this is not an exclusive list of Canadian public polices. Two domains of public policy are domestic and foreign. Internal rules and regulations that govern within a nations border are known as domestic policies (Gale, 2008). Foreign polices are diametric in that they consist of international relations that take place outside a nation’s border (Elman, XXXX, p. X). When take together on a global scale, they can be described as global public policies. Globalization can be defined by “homogenized culture, a global economy, and a borderless world” (McBride, 2011, p. 10). To fully understand globalization one should consider all aspects such as, social, culture, technology, economic and political. Globalization has mainly impacted foreign policy, but it has also had an effect on domestic policies. Both policies are not only influenced by globalization, there are various other factors that contribute to the formation of public policies. Often times it can prove difficult to separate the effects that impact both forms of public policy because they are intertwined. Need thesis statement – what are you arguing or exploring in this paper. Also, should there be definitions in your intro...
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...Subsidies CANADA'S PERVERSE SUBSIDIES TO OIL AND GAS INDUSTRY 6 The lack of reduction in greenhouse gas emissions, as required in the Kyoto Protocol, by Canada's Oil and Gas industry can be blamed on the “perverse” subsidies provided by the Canadian government. According to the Canadian Association of Petroleum Producers (CAPP), in 2011, Canada is rated as “... the third largest producer of natural gas... and the seventh largest producer of crude oil in the world.” Since Canada's Oil and Gas industry is a major supplier in the world market, government subsidies that support the exploration of new methods of extracting resources as they become more inaccessible and scarce is justifiable; but according to Ecojustice (2010) Canada supplies billions in subsidies to the Oil and Gas industry annually while greenhouse gas emissions skyrocket. This violates the requirements set out in the Kyoto Protocol as well as affects Canada's reputation in the global marketplace as organizations such as the OECD question this government practice. The government of Canada supports a global-scale industry at the expense of its taxpayers; which given the amplitude of the industry, it is highly unnecessary for such a government policy to exist. Basic statistics provided by CAPP show that the oil reserve at year-end 2006 was about 14 billion barrels whereas now, Canada's oil reserve in 2011 is a shocking 175 billion barrels with 170 extracted using current technology...
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