MGTA01H3 Lecture Notes - Lecture 11: French Wine, Asean Free Trade Area, North American Free Trade Agreement

• School: UTSC
• Department: Management
• Course: MGTA01H3
• Professor: Chris Bovaird

Document Summary

Macro polo, italian, travelled 8000 miles from italy, venice to china to buy silk to make a few extra dollars. The first europeans that came to canada came for fur, fish, and lumber. Not a new concept been going on for 2000 years back to the arabian ages. Canada is an "open economy(cid:863) and open to trade, flow of goods and services across border (eg. french perfume, italian clothing, german cars, japanese electronics, scottish whisky, cuban cigars, swedish furniture) * open economy question on the test: canada is the 8th largest importer after us, china, germany, china is the largest exporter followed by us, germany, japan. Canada is ranked number 11: 26% of our gdp is exported in canada good for jobs, investment, profits. Ca(cid:374)ada"s (cid:373)ai(cid:374) e(cid:454)po(cid:396)te(cid:396)s is u a follo(cid:449)ed (cid:271)(cid:455) china, uk, and japan: north america free trade agreement(nafta - 1991): Creates a market of 450 million people intended to eliminate most barriers and promotes.