POL 102 Lecture Notes - Lecture 7: Gross Domestic Product, North American Free Trade Agreement
12 Sep 2017
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Document Summary
Topic 7 - social policy in the era of globalization. Globalization, the integration of the global economy, is not new but it has been transformed by the volume and speed of economic exchanges throughout the world: exchanges of capital (investment), goods and services, and people (migration). Globalization is often described in terms of free trade, the removal of barriers to the free ow of investment and goods and services. In canada, exports of goods and services account for. 31. 5% of our gross domestic product and 3. 3 million jobs (17% of total) depend on the sale of. Canadian made goods and services in other countries. In short, canada"s prosperity depends upon the ability of canadian businesses to export the goods and services they produce to other countries. In order to export or have access to the markets of other countries, canada must also be willing to allow goods and services produced in other countries (imports) to be sold within our borders.
