MGTA01H3 Lecture Notes - Lecture 10: Canadian Business, Competitive Advantage, North American Free Trade Agreement
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
Examples: canadian business sells to us customer. Business in one country sells to another country. Been around for a very long time. The first europeans who came to canada came for fish, lumber, and fur. open to flow of goods and services across border. Open to the idea of different cultures and people coming here. A country assumed to be a closed country is india. Largest importers: united states - ,205 billion, china - ,437 billion. 8th largest importer is canada billion. L argest exporters: china - ,011 billion, united states- ,472 billion, germany. 4: south korea , canada billion. Canadian exports in 2016 = c. billion. Creates a market of 450 million people. Produce we make plentifully, cheaply or well. Products we don"t make plentifully, cheaply or well. On one hand: we want foreign stuff. On other hand: we want canadian jobs. Balance of trade = exports - imports.
