International Business Defined
What Is Trade? Is defined as the manufacturing of goods and or services to satisfy the needs and wants of consumers to make a profit.
Transactions: An exchange of goods/services to things of equal value.
Domestic Business: A
Impact of Trade on Canadian Society: Are cheap Chinese imports good for
Yes: Inexpensive Chinese goods provide a big economic break to Canadian
NO: Importing Chinese goods eliminates manufacturing jobs in Canada.
Trade with the US
The US declared its independence from Britain and fought for that
independence in the American revolutionary war in the late 1700s.
As a result of the sudden decrease of trade with Britain, the United States had
to become self-reliant. T
Trade with Mexico
The growth of Canada's trade with Mexico is a very recent
development, spurred completely by the North American Free Trade
Agreement or NAFTA. Signed in 1993, and as a result, goods made
in Mexico and the United States can enter Canada d
Canada is one of the world's wealthiest nations.
The Canadian economy has historically been based
around trading natural resources, but is now
dominated by the "service" sector.
Canada and the United States have a very tight