MGTA01H3 Lecture Notes - Canadian Business, Loonie, Maple Syrup
15 Apr 2013
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MGTA01H3 Full Course Notes
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Mgta03 week 7 february 26, 2013. Bring a pencil (mc) and pen (sa) International trade what it is/why it exists. Business activities that involve exchanges across national boundaries : ex. Canadian business selling to us customer: swiss business selling to canadian customers (ex. Canada is : open to trade: open to flow of goods, & services across border. We are one of the world"s largest exporters (canada 11 -- billion) Trade = 25 30 % of canadian gdp. International trade is really important to canada because it represents 30% of our economic activity. We are very dependent on the americans and it is actually a bad thing: ex. Competitive advantage: the theory that explains what we should import and export. No country can make everything quickly, cheaply and well. Some countries can make things quicker, cheaper, better than others. Faster, cheaper and easier to make some things here. Faster, cheaper and easier buy other things from elsewhere.
