MGM101H5 Chapter Notes - Chapter 6: Economic Regions Of Russia, Commoditization, Small Business
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MGM101H5 Full Course Notes
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Document Summary
As a current member of the g7/8, canada possesses one of the most fully developed and diversified economic systems in the world. Quasi-orga(cid:374)izatio(cid:374) (cid:272)o(cid:373)prisi(cid:374)g the (cid:449)orld"s (cid:373)ajor fully de(cid:448)eloped e(cid:272)o(cid:374)o(cid:373)ies. Heads of the g7/g8 countries meet at least once annually to discuss major economic, political and societal issues challenging the global marketplace. G7: consists of united states, japan, germany, great britain, france, italy and. G8: consists of united states, japan, germany, great britain, france, italy, canada and russia. Our abundance of natural resources, the skills of our labour force and the sophistication of our technology-based businesses have enabled our economy to grow and prosper over the past 200-plus years. Productivity gains, strong business investment, technological innovation, moderate wage increases and a favourable currency exchange rate are all key factors deemed critical to ensuring our economy remains resilient and competitive now and in the future.
