POL 102 Lecture Notes - Lecture 7: North American Free Trade Agreement, Canadian Business
Document Summary
Topic 7: social policy in an era of globalization. Globalization, the integration of the global economy, is not new but it as been transformed by the volume and speed of economic exchange 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 flow 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 propensity depends upon the ability of canadian business to export the goods and services produced in other countries (imports) to be sold within our borders. Consequently, canadian governments, primarily the federal government which is responsible for international trade, but also provincial and municipal government are anxious to promote free(er) trade and also attract investment.