CANADA TODAY 8-3. I. CHALLENGES FOR CANADA TODAY A.Natural Resources 1. Canada tries to balance the opportunities they can have with their natural resources.

Slides:



Advertisements
Similar presentations
Latin America More Economics!. Vocabulary (p.3) Specialization Trade NAFTA Reals Pesos Exchange rate.
Advertisements

Understand the role of business in the global economy. 1.
Introduction to Business
Understand the role of business in the global economy.
1 Understand the role of business in the global economy. Obj 1.03 Understand business in the global marketplace.
Think of a time when a sense of competition made you perform better. Write 3-4 sentences about it.
International Business Chapter 4. Independent Practice Research the U.S. Customs and Border Protection Department Examine and explain 2 regulations regarding.
Globalization and Trade
Canada History, land, and culture. Canadian History Like the U.S.: – Colonial history – British influence – Multicultural – Large country w/ many differences.
THE U.S. and CANADA TODAY. THE ECONOMY: KEY TERMS Market Economy Post-Industrial Central Business District Retooling Commodity Arable Monopoly Global.
The United States and the Global Economy
Glossary of Key Terms balance of payments. An account of the flow of goods, services, and money coming into and going out of the country. capital. Money.
Chapter 8, Section 3 Canada Today
Barriers and Obstacles. Introduction to Barriers  While doing business internationally may result in higher profits, there are often difficulties or.
Part Two The Global Environment and Social and Ethical Responsibilities 5 Global Markets and International Marketing.
Globalization and Trade
International Trade: Key Terms Define the following: International Trade- Goods- Import- Export- Tariff- N.A.F.T.A.- G.A.T.T.-
Resources and World Trade
TOPIC #7 Canada and International Trade Agreements.
Chapter 17 Trading With Other Nations. Net Exports = Exports – Imports Imports – Goods they produce and sell here (14%) –D–Dependence: Oil Exports – Goods.
Canada’s Economy: NAFTA
NAFTA North American Free Trade Agreement. Canada, United States, and Mexico This agreement lifted tariffs between the three member countries.
Objective 1.03 Understand business in the global marketplace. 1.
© 2009 The McGraw-Hill Companies, Inc. All rights reserved. 6 McGraw-Hill Trade protectionism Two kinds of tariff –Protective –Revenue Import quota Embargo.
FA32 GLOBAL TRADE AND REGULATIONS. GLOBALIZATION The flow of goods, services, money, labor, technology across international borders.
+ Foreign Trade U.S. Trading with other Countries.
Unit 15 Why Nations Trade.. Section 1-4 Why Nations Trade In a recent year, about 8 percent of all the goods produced in the United States were exported,
PRINCIPLES OF MACROECONOMICS LECTURE 11 ECONOMICS OF PROTECTIONISM.
International Trade & its Benefits. Why do Nations Trade? To obtain goods they cannot produce To reflect comparative advantage- when one country produces.
Fashion and Economics.
Chapter 4: International Business What Is International Business? Barriers to International Business The Canadian government uses barriers, often referred.
Is NAFTA good for everyone?
 II.Natural Hazards A.Natural hazards present other challenges in regions around the country. Some large cities on the west coast are vulnerable to earthquakes.
Free Trade VS. Protectionism. Tariffs A tariff is a tax on an import. Tariffs cause foreign items to be more expensive as a tax is charged to each item.
Chapter 3 Business in the Global Economy. 3-1 International Business Basics Goals: ◦ Describe importing and exporting activities. ◦ Compare balance of.
INTERNATIONAL TRADE VOCABULARY Import – a product purchased from another country. Export – a product sold to another country. Global interdependence –
UNIT 7 REVIEW GAME International Trade Basics Free Trade & Protectionism Globalization Issues The United Nations & Internationalism
3 Restrictions on Imports
North American Free Trade Agreement. NAFTA stands for “North American Free Trade Agreement”. It is an agreement between the countries of North America:
Essential Standard1.00 Understand the role of business in the global economy. 1.
I. Introduction - Facts and Figure: A. Canada is the 2nd-largest country in the world: 1. in terms of land area 2. larger than the U.S. 3. population is.
Activator Where are your shoes made? Why? Americans are increasingly annoyed about the price of what commodity? Why?
N.A.F.T.A North American Free Trade Agreement. The Agreement: North American Free Trade Agreement (NAFTA) established a free-trade zone in North America;
Chapter 17.2 Notes Barriers to International Trade.
Final Exam Review Unit 2: International Economics.
Canada. National Identity  The Nation struggles to for unity because people are loyal to their regional and ethnic roots.  First people were the Native.
Cultural Geography of Canada. The Population More than 1/3 identify themselves as mixed ethnic origins Another 1 million identify as Inuit (Native American)
Trade Essential Questions: 1. What are characteristics of the three types of economic trade barriers? 2. How are they present in Europe? 3. Why does international.
Globalization and Trade
Global Trade and Regulations
North American Free Trade Agreement
International Trade Ch. 16
Name the three trade barriers. Tariff Quota Embargo
North American Free Trade Agreement
Trade Essential Questions:
Global Trade and Regulations
NAFTA Explain the functions of the North American Free Trade Agreement (NAFTA). NAFTA is the North American Free Trade Agreement between the U .S., Canada.
Free Trade.
How has the U. S. government historically attempted to help the U. S
Global Trade and Regulations
International Economics and Trade
North American Free Trade Agreement
II. Issues and Challenges
North American Free Trade Agreement
Economics 2 More of the Basics.
Agreements between countries
Agreements between countries
Warm Up: What is the message of the cartoon?
About NAFTA Governments often try to establish free trade, or the
Trade.
Presentation transcript:

CANADA TODAY 8-3

I. CHALLENGES FOR CANADA TODAY A.Natural Resources 1. Canada tries to balance the opportunities they can have with their natural resources and the need to protect the environment 2. lumber companies look for ways to produce wood products without destroying entire forests 3. aboveground pipelines are useful because of the permafrost in Canada, but it creates barriers for migrating caribou and other animals B.Urbanization 1. 77% of Canada’s population live in cities 2. urbanization has created many problems, including housing and services, pollution, and overcrowding

II. LINKS WITH THE UNITED STATES A.The border between Canada & the US is the longest undefended border in the world (5,000+ miles) 1. Travelers pay customs (fees charged by one country’s government on goods you are taking in from the other country) B.Cultural Links 1.People living close to the border can watch tv and listen to radio stations from both countries 2.Baseball and hockey leagues include teams from both countries

A.Economic Links 1.Canada buys 25% of all US exported goods & the US buys 85% of Canada’s exported goods 2.FTA – Free Trade Agreement – (1988) ended tariffs (taxes on imported goods which cause their prices to rise) 3.NAFTA – North American Free Trade Agreement – (1993) established a free-trade zone across all of North American (Canada, US, Mexico)

III. AN UNEVEN RELATIONSHIP A.Canada’s location provides its people with great opportunities since it is so close to the US B.Canadians often know what is going on in the US, while Americans could often times care less what is going on in Canada C.Canada’s identity is often overshadowed by the huge identity that the US has