MGTA01H3 Lecture Notes - Lecture 11: Protectionism, Chinese Furniture, Autarky

• School: UTSC
• Department: Management
• Course: MGTA01H3
• Professor: Chris Bovaird

Document Summary

Canada founded by traders: the first europeans who came to canada came for fish, lumber, and fur. Open to flow of goods & services across the border. Imports: we get things (perfume, clothes) and they get canadian dollars: products we don"t make plentifully, cheaply or well. Canadian money + jobs, interviews, profits go to other country and we get well done things. Exports: we get money (euros), they get things (canadian oil). The money we get creates jobs, and building up gdp: products we make plentifully, cheaply or well. Money + jobs, investment, profits come to ca(cid:374)ada a(cid:374)d the(cid:455) get (cid:449)ell (cid:373)ade, good stuff. Nafta (1994): north america free trade agreement: a treaty between canada, usa & mexico, creates a single market of 450 million people; intended to eliminate most barriers and promotes trade between the three countries. Those (cid:272)ou(cid:374)t(cid:396)ies gi(cid:448)e us thi(cid:374)gs that is(cid:374)"t (cid:395)ui(cid:272)ke(cid:396) a(cid:374)d (cid:272)heape(cid:396) to (cid:373)ake.