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Final Exam Review Winter 2013.docx

5 Pages

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PSYC 1010
Jennifer Steeves

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Final Exam Review Winter 2013 Professor Alex Browning What you need to know for the upcoming Final Exam  Stern Diamond of Sustainable Growth   Porter’s  5 Forces  Porter Diamond  Canadian Economic/Political History • French settlement, fur trade • British conquest (1763), timber • Confederation (BNA 1867) • Agriculture  Ideologies Events that influenced early Canada • European Famine and immigration • American Revolution • War of 1812 • Repeal of British Corn laws • Reciprocity agreement of 1854 • Civil War • National Policy of 1878 • British Imperial Preference • WW1 • Great Depression (Smoot­Hawley  Tariff) • Federalism o What is it o Division of Powers between  Federal and Provincial  governments o Challenges o Regional differences o Equalization payments • Bank Act of 1871 o Hincks vs. Rose o National vs. Local banking o Stability vs. US style banks o Currency o Key regulations (see p. 36)  Protectionism: • Tariffs, quotas, subsidies… • Arguments FOR • Disadvantages  John A. MacDonald’s National Policy  (1878) • High tariffs on imports • Settle Western Canada – Build National Railroad Reciprocity Agreement (1911) – Wilfred Laurier (Lib) loses election to Robert Borden  (Con) Massey­Harris company • Shift from agriculture to manufacturing • Key success factors and events o Famine in Europe (Corn laws) o US Civil war o Immigration, labour… o Reciprocity and Imperial preference o National policy tariffs o Licensing of US designs o Steamboats, railroad transportation o Exports to Europe and marketing, catalogs…  CNR case • Political and Economic Issues • Money losing railways • 1916 Royal Commission and recommendations o Let them fail o Nationalize the unprofitable ones o Nationalize them all (except CPR) • CPR Option Nationalisation and Crown Corporations – Rationales for crown corporations – Privatisation  Methods  Benefits  Risks Auto industry case: – History of Canadian automotive industry – Key success factors  National policy tariff  Imperial preference  Licensing by US firms  Robb budget (Canadian content rules)   Foreign Investment  Globalization and Trade theories – Why trade?
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