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Ch 1 - Assignment 1 - Advantages & Disadvantages of Trade - Part 1

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Name:Osama HabibBBB4M – International BusinessChapter 1 –1.4 Advantages and Disadvantages of TradeKnowledge 4Thinking 4Application 4Communications 41.In point formlist and explainall of the advantages and disadvantages of trade.At least 3 to 4 sentences per advantage/disadvantage are expected.Advantages:Meeting our needs:There are many goods and services that Canadians wantor need that Canadian businesses don’t provide. An example of goods notprovided by Canada would be crops like Pineapples and bananas. There maybe countries out there that provide us with goods and services we need, whileon the other hand, we may provide them goods and services that they require.So in this way, both trading partners simply acquire what they need, and giveaway what they dont need.Job Creating:Businesses nowadays earn money by selling their products orservices to foreign businesses. The biggest advantage of foreign businessesbuying Canadian products and services is that it leads to more jobs toCanadians.Canadians usually concentrate more on exports than imports. Onethird of Canadian jobs depends on export. For Every $1 billion in exports, 6000jobs are made for Canadians.Attracting Investment:Canada attracts international investors who tradeCanadian securities, buy Canadian government bonds, speculate in Canadianread estate, or invest money in other Canadian financial products. Foreign

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Term
Fall
Professor
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Tags
International Trade, crude oil, Canadian businesses, Osama Habib

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