POL 101 Lecture Notes - Lecture 8: North American Free Trade Agreement

• School: Ryerson University
• Department: Politics and Public Administration
• Course: POL 101
• Professor: arthurross

Document Summary

Topic 7: social policy in era of globalization. Not new but has been transformed by volume and speed of economic exchanges throughout the world: exchanges of capital (investment, goods and services, people (migration) Described in terms of free trade removal of barriers to free flow of investment. In canada, goods and services account of 31. 5% of gross domestic product. 3. 3 million jobs depend on sale of goods and services. Canada"s prosper ty depends on ab lity of canadians businesses to export goods and services they produce to other countries. Canada must be willing to allow goods and services produced in other countries to be sold within our borders. Canadian government: usually federal government responsible for internation trade, provincial and municipal gov= anxious to promote free trade and attract investment. Investment employment and production of goods and services domestic consumption plus exports economic growth and increased tax revenue.