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International Business Exam Review Changes in Canadian workplace: Dramatic changes because of globalization Workers will likely have many jobs, outside of the city they grew up in and perhaps outside of Canada More temporary employees Employees need strong technical and interpersonal skills Employers can hire people located anywhere in the world because of telecommuting— the use of computers and other technology to work from home Human Development Index Indicators: The Human Development Index (HDI) is a statistic produced by the United Nations and used to rank countries, which measures three elements: health (life expectancy at birth) education (literacy rate and school enrolment) standard of living (GDP per capita) Canada and renewable energy: The Green Revolution—New Energy Sources Global effort required to reduce carbon emissions, and find new energy sources as alternative to oil, gas, and coal Energy-rich nations, like Canada, are reluctant to enter into an agreement to reduce carbon emissions that would jeopardize their oil industries Canada is not a recognized leader in renewable energy field. Canadian renewable energy producers are being lured to countries with feed-in tariffs, which are a guarantee that any company that produces renewable electricity has a guaranteed distribution network, and can price the electricity at higher than normal rates. As environmental concerns outweigh national economic interests, investment in Canadian renewable energy options will become a priority. Sustainability: The collective effort, both locally and globally, to meet the needs of the present generation without destroying the ability of future generations to meet their needs.
Oil supplies are in decline Other resources, such as fish and fresh water, may also run out Shift in business activity is necessary, especially by emerging economic power like India and China Imports/Exports – the effects on economy: Importing means bringing products or services into a country. Business to business importing is common in Canada such as capital goods like machinery. Services can also be imported as call centres throughout the world can answer calls from Canadians. Call centres are usually imported from India. Importing helps keep costs low, improve quality, or access new technologies. Canada’s imports are machinery, cars, oil, chemicals, electricity, and consumer goods. Exporting occurs when companies outside of Canada purchase Canadian goods and services. Exports may be business to business or resale, for example, Blackberry Canadian manufacturers export its products both to businesses and to end consumers throughout the world. Canada also exports services. Canada’s exports are lumber, telecommunications equipment, plastics, fertilizers, oil, gas, wheat, and aluminum.

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