1 / 26

The Impact of Economic Globalization in Canada

The Impact of Economic Globalization in Canada. Question for Inquiry……. “What opportunities and challenges has economic globalization brought to Canada”?. examples. Trade agreements Impact of competition on our industries from other nations

robt
Download Presentation

The Impact of Economic Globalization in Canada

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Impact of Economic Globalization in Canada

  2. Question for Inquiry…… • “What opportunities and challenges has economic globalization brought to Canada”?

  3. examples • Trade agreements • Impact of competition on our industries from other nations • Influence on our economy by economic cycles in other parts of the world

  4. Trade Liberalization • The process of reducing barriers to trade • Can include privatizing Crown Corporations (government owned companies) • Encouraging foreign investment • Outsourcing jobs

  5. Deregulation • Involves opening an industry to more competition by removing government regulations • Can be accomplished through “privatization” – the sale of government owned industries and services to private business

  6. Liquor Stores Examples

  7. Petro Canada Registry

  8. CN Rail

  9. Foreign Investmentin Canada • A result of trade liberalization • There is a worry about Canada losing its independence and identity- this is called “economic nationalism”

  10. Foreign InvestmentReview Agency (FIFA) • Created in 1973 • Public concern over foreign ownership/investment in oil and gas, mining and manufacturing • Purpose was to screen foreign takeovers • Federal government dissolves FIFA in 1984 saying it was ineffective

  11. Outsourcing • Occurs when one company hires another company to fulfill certain tasks in production • Unions in Canada complain that outsourcing leads to significant job loss • Supportors state that many jobs are actually created because of outsourcing thus trade liberalization

  12. Assignment • Supporters of economic globalization argue that the expansion of globalization presents more opportunities than challenges.

  13. Respond to this idea from a national (Canadian) perspective and an international (global) perspective • Your response must take the form of a newspaper editorial as explained on page 249

  14. Foreign Aid and International Associations The Government’s Role in a Globalized World

  15. Foreign Aid • Foreign aid is considered anything that helps improve living standards of poor nations • Foreign aid includes: money, education, food, medical supplies, expertise, technology, loans or grants • Foreign Aid is generally given in 3 ways: • Bilateral Aid – one country to another • Multilateral Aid – given to an international organization for distribution (UNICEF, Red Cross) • Special Programs – Handled by non-governmental organizations (NGOs)

  16. Canada’s Foreign Aid • The United Nations divides the world into developed and undeveloped nations • Canada is one of about 24 developed nations in the world • The United Nations suggests that developed countries donate about 0.7% of their GDP (Gross Domestic Product – the total value of all goods and services produced by a country) to help foreign countries develop • Canada currently gives 0.4% of its GDP to foreign aid • Most of Canada’s aid is bilateral aid, which gives Canada the ability to influence how a country uses it • Many people criticize bilateral aid as a way for the Canadian government to help Canadian companies

  17. Tied Aid • “A lot of Canada's aid goes to private enterprise in Canada. This is called tied aid and involves placing contracts with Canadian companies to supply goods and services to developing countries. This is not a perfect mechanism either. It's not unknown for machinery and equipment to turn up in some out-of-the-way community where there is no electricity to run it.” • -----, “Help through official channels”, inCanada and the World Backgrounder, vol. 69, issue 1, September 1, 2003 • “About 70 cents in every dollar of Official Development Aid is returned to Canada through jobs and the purchase of our goods and services. This sustains about 30,000 jobs in Canada. At any given time, 2,000 Canadian businesses are receiving aid related contracts.” • - Ibid

  18. Tied Aid • Much bilateral aid comes in the form of tied aid. • It is bilateral aid given with certain conditions attached. • Example; The materials given must be purchased in the donor country. If a school in Kenya is being equipped through the Canadian foreign aid program, then the materials for that school would be largely supplied from Canada.

  19. Disadvantages • Materials might be obtained less expensively from other countries • Equipment suitable for the donor country may be inappropriate for the recipient country. • Inefficient because of the great amount of paper work. • Cost of transportation of materials. • Pressure on the recipient nation to conform to a particular policy or political viewpoint.

  20. Foreign Aid Review • Under Trudeau, several guidelines were established to determine how Canada would provide aid • The focus of Canadian aid was to go to poorer countries, not just UN organizations and the Commonwealth (organization of former British colonies)

  21. CIDA • Canadian International Development Agency (CIDA) was created to coordinate all Canadian aid and prevent duplication • CIDA focuses on economically poor regions of Asia, Africa and Latin America • Some of CIDA’s programs have included: • Safe water campaign in Peru • Immunization projects in Ghana • Vitamin A Research on child development • Development Policies in Vietnam • CIDA is also responsible for leading Canada in short term support for emergency aid, such as the 2004 Tsunami in Sri Lanka, or the current crisis in Bangladesh

  22. NGOs • NGO – Non-governmental organizations • NGOs operate independently of the Canadian government in providing foreign aid • Some examples of NGOs include • Oxfam • Catholic Charities • CUSO (Canadian University Service Overseas)

  23. Canada’s International Cooperation • Canada is a member of numerous organizations beyond the UN which affects Canada’s international reputation • Commonwealth – group of 51 countries all former colonies of Britain • La Francophonie – 41 countries linked by French Language and culture to foster cooperation between member countries • G8 – organization of the top 8 most powerful economies in the world, provides leadership in job creation, environmental pollution and global communication • Some people feel that the G8 does not act in the interest of the majority of the world’s population, but instead, represents an elite view of the world

More Related