POG 110 Chapter Notes - Chapter 4: Foreign Investment Review Agency, World Trade Organization, Investment Canada

• School: Ryerson University
• Department: Politics and Public Administration
• Course: POG 110
• Professor: Adam Thorn

Document Summary

Pog 110 chapter 4: the canadian economy and the challenge of inequality. Many crown corporations (air canada, petro-canada) have been privatized. Resour(cid:272)es ca(cid:374)ada"s e(cid:272)o(cid:374)o(cid:373)y relies o(cid:374) are su(cid:271)je(cid:272)t to sharp flu(cid:272)tuatio(cid:374)s (cid:271)ased o(cid:374) (cid:449)orld demand and prices (oil, natural gas) Canada exports services, energy products, motor vehicles, minerals, consumer products. Will eliminate all tariffs including services such as transportation, travel, communications. Will pro(cid:448)ide ca(cid:374)ada (cid:449)ith a(cid:272)(cid:272)ess to the (cid:449)orld"s largest (cid:373)arket: trans-pacific partnership (tpp) Australia, brunei, canada, chile, japan, malaysia, mexico, peru, new zealand, Singapore, usa, vietnam: trade in services agreement (tisa) Potential agreement between 24 countries including canada, usa, eu, would establish free trade in services: world trade organization (wto) 160 countries, establishes global rules of trade. Government involvement was essential in cases when private businesses did not have the capability to provide the service. Business regulation-often help to protect consumers/natural environment. Assistance to business-many companies have sought government assistance, government support for education/research gives business an educated workforce.