Geography 2010A/B Chapter Notes - Chapter 5: Permafrost, List Of Auto Parts, Gordie Howe International Bridge
27 Nov 2014
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Ontario: first decade of 21st century has been great for ontario (on). Principal market for on products (the usa), dried up following the 2008 economic crisis: 2. In 2002 china joined the world trade organization resulted in low cost. Chinese manufactured goods flooding the cdn market which displaced local manufacturers: 3. Within cda, western provinces are enjoying the commodity boom, allowing those provinces to outpace the economic and population growth rates of on. This commodity boom as increased the value of the cdn dollar, creating the conditions for the dutch disease: 4. On government has little latitude to lead the province out of the economic doldrums because of its heavy debt: these 4 factors have led to 1) high unemployment rates (9% in 2009; above the national avg of 8. 3%). Biggest blows to on"s economy: biggest challenge for on"s economy has been the sharp fall in exports to the usa (80% goes to them).
