AFM131 Chapter Notes -Gulf Cooperation Council, E-Trade, Comparative Advantage

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Robert Sproule

Document Summary

Fall in 2008; economic & financial calamites. Large corporate failures in the financial sector (leimen brothers) Collapse of housing and auto mobile markets. Loss of billions of dollars in peoples" homes. Globally na, europe, india, china, & third world countries. After great depression, this is the largest economic melt down. Canada is a market of more than 33. 6 million people; there are 6. 8 billion potential customers in the. 195 countries that make up the global market. Canadian companies cite global expansion as a link to its future growth. Example: scotiabank"s acquisition of e*trade canada from u. s. based parent e*trade financial corporation demonstrates commitment to grow wealth management and revenue growth. Canadian companies scan marketplace to get ideas on what is working well else where. Auto industry hit hard as a result of global trends (increasing price of gas, weakening demand for trucks)= jobs eliminated, layoffs in gmc, chrysler, ford, suppliers such as polywheels.