MGM101H5 Chapter Notes - Chapter 6: Foreign Direct Investment, System 6, Canadian Dollar
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MGM101H5 Full Course Notes
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Document Summary
Canada is dependent on the energy sector and commodity (agriculture, mining, natural resources) to drive economic growth. Price of oil correlates with value of canadian dollar. An organization that consists of the world"s major fully developed economies. Us, japan, germany, great britain, canada, france, italy, and russia. Heads of the g7/8 countries meet at least once annually to discuss major economic, political, and societal issues challenging the global marketplace. What are the five key factors that ensure canada to be competitive: productivity gains, moderate wage increase, technological innovation, favourable currency exchange rate, strong business investment. What enables countries to prosper: contributing factors for economic development within a country, economic model that governs overall activity. A core requirement to the stability and growth of any economic system lies in its ability to service and promote both the current and future economic activity taking place.
