GEOG 216 Lecture Notes - Lecture 7: Economic Globalization, Competitive Advantage, Silicon Valley
13 Jun 2018
School
Department
Course
Professor
Lecture 7- Canada in the World Economy
Outline
• Time-space compression
• A brief history of Canadas links to the world economy importance and of
staples)
• Canada-US: a special relationship
o Merchandise trade
o Foreign direct investment
• Canada- China: feeding the dragon?
TIME-SPACE COMPRESSION (1)
• Definition: processes that revolutionize the qualities of space and time such
that the ways in which we represent the world are altered (arvey
o i.e., TSC reflects accelerated movements of goods, information and
financial resources
• Circulation (or time-space shrinking) technologies (e.g., transportation and
communications (technological change and new inventions) that overcome
the frictions of space and time, speed of communication used to be speed
of transportation because sent through carrier, now emails, Skype etc.
time shrinking technologies
Caution: not the only cause of economic globalization, they facilitate it but are not
the only drivers.
With the adoption of new ways of travel,
Super container ships, can transport 20,000 containers at a time
find more resources at oneclass.com
find more resources at oneclass.com
Drastic changes: railroads, automobile, airplanes
BUT where does this infrastructure exist? Not all airports or ports can
accommodate those huge transportations
Some places are drawn closer together and others further apart given
their infrastructure and investment in these technologies
A BR)EF ()STORY OF CANADAS L)NKS TO T(E WORLD ECONOMY
• Pre-19th century: Canada (part of periphery) exports staples (basic natural
resources, term coined by (arold )nnis who write 3 Fur trade in
Canada to European core countries
• Mid-19th century: as US NE begins to industrialize, exports of resources flow
south of the border
• 1867: Confederation ⇒nation-building policies (transnational railroad),
tariff-protection, industrial cores emerge ⇒encourage east-west trade flows
• WW I: Pacific coast lumber industry develops, east-west trade flows reaching
out further west
• WW II: consolidation of parts of (southern) Ontario and Quebec (Montreal
greater region) as key manufacturing districts, industrial core,
A BR)EF ()STORY OF CANADAS
LINKS TO THE WORLD ECONOMY (2)
• 1965: Canada-US Auto Pact, elimination of trade tariffs on cars, trucks and
automotive parts (Canada us auto pact)
o Canada - US linkages unique in terms of volume of
bilateral trade and patterns of corporate ownership,
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find more resources at oneclass.com
(Managed trade (when you remove trade tariffs on specific good
(automobiles) NOT = free trade (removal of barriers across all kinds of
sectors)
o But is this free trade? What region benefits?
• 1970s: development of oil industry in Alberta (new staple?) and rise of
Japans industrial capacity, at the same time coincidently
• 1988: Free trade agreement Canada-US FTA, becomes NAFTA (inclusion of
Mexico) in 1994, elimination on all kinds of goods and services
⇒leads to greater regional economic integration
Are some sectors protected by such agreements? Yes agriculture, lumber, and stuff
still regulated by govt
CETA= 2014
Canadian economy now more reliant on imports
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Caution: not the only cause of economic globalization, they facilitate it but are not the only drivers. With the adoption of new ways of travel, Super container ships, can transport 20,000 containers at a time: mid-19th century: as us ne begins to industrialize, exports of resources flow, pre-19th century: canada (part of periphery) exports staples (basic natural. Not all airports or ports can accommodate those huge transportations. Some places are drawn closer together and others further apart given their infrastructure and investment in these technologies. A br)ef ()story of canada(cid:495)s l)nks to t(e world economy (cid:523)(cid:883)(cid:524) resources, term coined by (arold )nnis who write (cid:883)(cid:891)3(cid:882) (cid:498)fur trade in. Canada(cid:499)(cid:524) to european core countries: 1867: confederation nation-building policies (transnational railroad), tariff-protection, industrial cores emerge encourage east-west trade flows. A br)ef ()story of canada(cid:495)s: ww ii: consolidation of parts of (southern) ontario and quebec (montreal, ww i: pacific coast lumber industry develops, east-west trade flows reaching.
