Unit 1 Overview – CANADA’S ADVANTAGE Chapter 9 – Canada’s Competitive Advantage Culminating...

Unit 1 Overview – CANADA’S ADVANTAGE

Chapter 9 – Canada’s Competitive Advantage

Culminating Activity for Unit 1 – Unit Test Thursday, October 1st

Chapter 9 – Foreign Investment in Canada

Agenda

Take up Cirque Questions Share one Canadian Company with the class. Lesson

Chapter 9: CANADA AND INTERNATIONAL BUSINESS

Fundamentals of International BusinessCopyright © 2010 Thompson Educational Publishing, Inc.

Competitive Edge (advantage)

FOREIGN INVESTMENT



Industries: Aerospace

ShippingChemicalLogistics

Banking

Cultural

Technology



Attracting Foreign Investment

Countries seek foreign investment because it: Increases economic activity Brings new ______________ Improves productivity Forces domestic companies to become more

___________________

On the downside, foreign investment also: Detracts from a country’s _____________ The profits earned by foreign-owned companies do not

stay in the host country

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Attracting Foreign Investment

The federal and provincial (and in some cases, municipal) governments have programs to attract foreign investment.

Canada is attractive to foreign investors because it offers:

A supportive business environment A ___________ to the world An infrastructure advantage Outstanding ___________________ A great place to live



Supportive Business Environment

Canada is ranked highly as an easy place to conduct and set up a business (lower level of bureaucracy / red tape)

Also offers excellent trade and investment opportunities

Strong ties to Asia, Europe, and the rest of North America through imports and exports

____________ _________________ with low interest, inflation, and unemployment rates

Low ____________tax rates and offers tax ______________



Gateway to the World

_____ out of 20 of Canada’s largest cities are within 90 min of the U.S. border

NAFTA has created opportunities for businesses located in North America

Canada’s connections to Asia (through proximity, immigration links, and APEC) allow access to Asia’s growing economies (especially India and China)

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Infrastructure Advantage

Canada has more than _________________________ Seaway is world’s longest inland waterway,

allowing goods to travel easily from the Atlantic Ocean to the middle of North America

CP and CN Railways have a combined rail system of 53,000 kms The __________________ is the world’s longest highway, spanning

all ten provinces and connecting to eighteen border crossings _____________________________, an agreement between the

Canadian and U.S. governments signed in 2001, facilitates the cross-border flow of travellers and goods, and co-ordinates enforcement efforts in the two countries



Outstanding Employees

Canada spends more (as a percentage of GDP) on education than any other country

Has most highly ____________ workforce in the world Home to excellent _____________schools

Cultural Diversity Attracts highly educated immigrants Liberal immigration policies – 90% continue their

education in Canada One of the most multicultural countries in the world, with

employees that speak many languages and have an ____________________________________________



A Great Place to Live

In 2009, the United Nations Human Development Index rated Canada as the __________________ in which to live.

The ____________________________(HDI) is a statistic produced by the United Nations and used to rank countries, which measures three elements:

__________(life expectancy at birth) _____________(literacy rate and school enrolment) standard of living (GDP per capita)

rankings

HDI

The Human Development Index (HDI) is a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide. It is used to distinguish whether the country is a ____________, a ____________or _______________________, and also to measure the impact of economic policies on quality of life.



Homework

Think About It Questions p. 259 & p. 269





Canada’s Productivity

_______________The amount of output with respect to the amount of input. Input includes capital raw materials, labour, and innovation.

Global factors influencing PRODUCTIVITY:Trade ______________

____________fluctuationCommodity prices

Political ___________



Canada’s Productivity – IMPROVEMENTS?

Canada’s productivity is __________________________. Canadian companies could improve their productivity by:

Increasing investment in machinery and equipment, especially communication and information technology

_______________more foreign investment Expanding Canadian investment in foreign countries

especially in ______ __________________, which includes downsizing and

moving production to lower-cost countries Fostering corporate innovation by increasing spending on

science and technology Initiating government programs in science and technology

continued on the next page




Increasing the knowledge economy by graduating more Canadians in the fields of science, ___________, computer science, and ____________

Encouraging employers to increase and improve their training programs

Increasing post-secondary ____________ Creating ___________programs to help immigrants

become qualified in their fields of expertise




The Changing Canadian Workplace Dramatic changes because of globalization Workers will likely have many jobs, outside of the city they grew up

in and perhaps outside of Canada More ____________employees Employees need strong technical and interpersonal skills Employers can hire people located anywhere in the world because of

_______________—the use of computers and other technology to work from home

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Unit 1 Overview – CANADA’S ADVANTAGE Chapter 9 – Canada’s Competitive Advantage Culminating...

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