ARBUS101 Chapter Notes - Chapter 2: Gulf Cooperation Council, Foreign Direct Investment, Absolute Advantage
27 May 2016
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Chapter 3: competing in global markets (textbook notes) Canada is a large exporting nation as our population is . 05% of the world"s population. Comparative (producing more effectively and efficiently) versus absolute advantage (producing what someone else cannot produce or more efficiently than all other countries) See the list of conditions that might apply to imports into canada on page 71. See the categories of canada"s merchandise and service trade in figure 3. 3. Global trade is measured by: the balance of trade and the balance of payments. Historically canada has been extremely dependant on the u. s. as a trading partner. Canada has a number of priority markets for future development of trade in: south-east asia, Australia and new zealand, brazil, china, india, europe, gulf states among others. Concluding the canada european union economic and trade agreement. Advancing free trade negotiations with japan and south korea. Negotiating a free trade agreement with the trans-pacific partnership. Developing trade ties with gulf cooperation council.
