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Advantages and Disadvatages of Trade.odp - The Advantages...

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The Advantages andDisadvantages ofInternational Trade
Meeting Our NeedsWith trade we cansell something wedon’t need and buysomething we doneed.It leads to benefitsincluding jobs,investment, newgoods and a widerchoice of productsand services.
Canada has many surplus goods in theareas of natural resources andagriculture.
We use the money made from thesegoods to purchase goods we do nothave:because of our climate (such as foragricultural products.)or because of products we“value” (likeentertainment).
Job CreationCanada is a trading nation.Here aresome statistics:1 in 3 jobs in Canada depend onexports.40% of all we produce is exported.Each $1 billion in goods andservices equates to 6000 jobs.The wages earned from exportcompanies pay for many of theother goods and servicesproduced in our economy.
Attracting InvestmentInvestment in Canada by others oftenfollows the increase in demand for thosegoods.Companies that export to Canada oftenbuild offices, warehouses or factories here.(For example, the plants that build Toyotacars in Canada)Others use their Canadian dollars to investin Canadian stocks or bonds.GM Assembly in Ingersoll, ON
Increased technologyincreases Canadiancompetitiveness andprofitability.It allowsCanadian firms tocompete with those inothercountries.

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Term
Spring
Professor
N/A
Tags
Business, International Trade, Summer Olympic Games, Dick Cheney

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