MGM101H5 Lecture Notes - Lecture 5: Protectionism, Bargaining Power, Yokohama Rubber Company
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MGM101H5 Full Course Notes
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Document Summary
Canada possesses one of the most fully developed economic systems in the. The business environment world: canada has a lot of natural resources that make us competitive since there is always demand for the products we offer, very friendly place for business. Canada"s abundance of natural resources, skilled labor force and sophisticated technology-based businesses have enabled the economy to grow and prosper over the past 200 years. Canada"s economy has moved primarily agricultural to a diversified system. Productivity gains, strong business investment, technological innovation, moderate wage increases, and a favorable currency exchange rate are all key factors in ensuring the canadian economy remains resilient and competitive. Products driving current trade performance include oil and gas, canola, wheat, gold, nickel, potash, sulfur, telecommunications, aerospace, forestry related and automobile sector products. Political parties: factors of production, manageable levels of national debt, national monetary policy and banking system, sufficient levels of investment, low inflation, absence of corruption, effective legal system, comparative advantage.
