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Impact of Globalization on Canada

We are going to discuss the impact of Globalization on Canada. Here we are going to explain how technology, Trade and Integration, Offshoring and outsourcing, Migration, Transportation, Environmental pollution impacts on Canada.

In few years, a great democratic and political changes appears in Canada. The impact of globalization and technology  have positive as well as negative impact on economy of Canada. According to research, 89% people think that technology is good for spend our life, 76% people think that technology is good for own economic well-being and 62% considered that technology has no effect on economy. The two third people live in Canada believed that the globalization is very helpful in improving living standard of people. But there are few people who still think that changes in globalization is not in favor of my economy well-being.

Majority of all classes, generations believe that globalization is more favorable for lower class but most people related to lower class are disagree with this statement. Technology and its advancement related to economy’s future; Technology advancement and internet will be positive forces for Canada’s economy. Three by four people think that globalization with trading influences shows positive impact in Canada’s economy. Artificial intelligence and automation may vary with opinions. Different conversations and discussions shows that conservatives take as negative, liberals take as positive and democrat as split all the technological effects.

Impact of Globalization on Canada

According to Bruce Anderson: Canadian people‘s behavior are different from those who rise their economic politics in US. While having different opinions, they become united when compare the globalization and trade agreements with other countries. Canadian observed big upsides  to the technology revolution that changes the world’s economy.

Also Study: Pros and Cons of Globalization Research Paper Example

According to David Colette: Although we considered a wide consensus between Canadian the value of technological advancement and globalization to Canada’s economic future, it doesn’t means this approach is consistent. Few years ago, Republication in United State were considered likely to favor trade and international engagement. But views shifted now. Due to different opinion gap between different classes suggests that Canada is not reasonable to the force of nationalism and anti-globalism.

Globalization is the system of integration and independence all around people and world, Canada as other nations, globally connected having its own economy and culture. Canada is one of the most globally interconnected country, having a high class technology system and communication resources, its government is very participative in international organization, having trade dependent economy, traveling liked population and so on. Globalization compete with history because history is evidence of all time period .Three main areas of integration are; Trade, Political power and culture.

Globally high rate of international trade and investment as well as exchange of knowledge and technology, all became part of economy.GATT originally signed in 1947 for enhancement of cross border trade. World bank and IMF support this policy . it means that one country open its doors for other for trade and also solved all the problems they faced in new place.

Growing no. of International trade and agreements strongly effects the decision making of political condition of any country. It may transfer the limited power of state to corporations and international organizations. In late 1970s ,a growing ideology expanded known as globalism which is in favor of open market and limited the interference of government in capital matters.

Technological changes and advancements expanded the sphere of culture, creating the global village called by Canadian communication theorist Marshall McLuhan. All entertainments sources like music films can be globally available. All food points are globally expanded. Clothing brand and style have reached all around the world globally.

Canadian economies heavily depend on international trade, external market and capital since 17th century. Its received capital from imperial countries. Its economy was colonial. Its exports depend on natural resources and imports depend on manufactured goods. This was all with in the limited area not with many countries because colonial shut out the external ways. In 19th century, Canadian transform colonial into continental one. In the start of confederation years, Canadian politics consider Canada as a global nation. Canada sent Immigration and trade commissioners to expand its first diplomatic mission. Conservative and liberals both going to agree with these situations.

Canadian industries rapidly increase their offshoring and outsourcing from 1961 to 2003.Outsourcing includes moving products outside the firm. Offshoring means Canadian based companies purchase foreign goods or services as input units. From 1961 to 2003 a huge shift can be seen in offshoring goods and services which rapidly increase offshoring rate in industries. Two different sides can be realize while growth of material and services offshoring is ;first trade rate increase with developed countries and second is the gain which associated with different product lines.

Canadian industries purchased a high no of products and services as an input from outside the country which shifted the trend of offshoring. From 1961 to 2003, the share of material input import increases 20.5% to 38.0% and services input increases 2.6% to 7.6%.

The economic study shows that services input offshoring effects different from material input offshoring. Material offshoring is beneficial over many years in future but services are not. Those industries which increased services offshoring, they have to increase their investments in information and communication technologies and value added share. This service is utilize to minimize distance barriers. Services and material offshoring has no effect on Canada’s employment but it only affect its wages rate. Services shows negative effect while material shows a little bit positive effect.

From many years, Canada has to face different transportation issues which include trade reliant economy, evolving demography, and urbanized population spread over. Canada must compete with global trade markets. The emerging economies such as Brazil, Russia, china and India have enhance the scope of markets, demands of raw materials, driving technologies, energy and value chain. Her pressure on world’s resources , on price of these resources and countries having source potential and where and how it trade take place all shows as a result. Transport Canada system improve the efficiency, safety, security and sustainability of national transportation system. And helps to confirm that Canada’s system is related to global network system. With modern, responsive policy and regulatory framework ,this system can contribute to enhance its economy in long terms.

With the globally increase demand of transportation, with harvesting of Canada’s natural resources, including future resource development, its transportation demand also increase. Many industrial supply chains with pressure to reduce transportation and logistics costs ,they also maintain high level of reliability and efficiency. In Canada, transportation will help to sustain economic growth and maintain competitive advantage. The Canal is important for Canada and key contributor in world’s economy. Canal support Canada’s trade between East Coat, St.Lawrence, and Great lakes ports and Eastern Asia may offer an efficient transiting through Suez canal. A Panama canal may encourage ships from Asia to serve Midwest market by passing through Atlantic seaport. Integration all across natural boundaries increases risk of Disruption in result of any human disaster.

Canada’s trade has diversified and country trade policy continue this trend with the government numerous initiative since 2007.Its 2012 budget shows that it want to expand trade with china and trade negotiation with Trans-pacific partnership ,India and European union. Shifting trade partners also provide also required further infrastructure like ports and terminal operators, railway and trucking companies, services offering and improve its performance.

Canada facing from last many years decreasing accident rate due to high traffic security. Transportation Canada has to improve its risk understanding and causes of accident. This will help by different surveillance program keeping in view the pre identified risk factors. Transportation Canada must keep its SMS strength by learning lesson, feedback from front line officer, SMS upgraded learning material, inspector’s training and information sessions. Canada’s largest passenger carriers CANADIAN AIR NAVIGATION SERVICE provide complete SMS implementation. With SMS in all regulated civil aviation organization, focus will transfer from adoption to refinement and enforcing program.

Globalization is a process in which all people of all worlds has to face increasingly economic, social and cultural environment. People live and develop their potential in different social groups. Different groups and nation state have been defining characteristic of human society. From 20th to 21st century people found themselves in a globalized society, which affect by environmental, social and cultural environments of different aspects. These processes have challenge different human and social rights and also affect the development of human and social resources. People need supportive atmosphere to enhance their potential and express their most of rights.

Also Study:

Globalization Pros and Cons

Opportunities & Challenges Faced by Canadian Businesses in International Market

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