Chapter 17 Flashcards
(12 cards)
What advantages does the impact of international trade have on?
Nations, corporations, and citizens
How many Canadian-produced goods are exported?
Almost half
International market vs Domestic market for Canadian products and services
International is 200 times as large as domestic market
Most trade between 2 countries ever
Canada and U.S.A. claim that has held true for the past decade
Top 3 Canadian export markets
(1) USA, (2) China, (3) U.K.
Top Canadian export
Oil
Top 3 Canadian import markets
(1) USA, (2) China, (3) Mexico
Top Canadian import
Vehicles
Advantages to our corporations
Our domestic corporations turn to international business so that they can increase their sales and profits through: greater access to world markets, cheaper labour.
Different ways these companies can get involved in international business ventures
Join ventures, franchises, strategic alliances, Multinational Corporations (MNCs)
Primary areas of concern
Loss of jobs in the home country, human rights and labour abuses, environmental degradation
Standards of doing business in Canada
Often do not apply when doing business in other regions
