Globalization In Canada

In British Columbia and Newfoundland and Labrador’s their governments and organizations have promoted their provinces for tourism, investment, trade, and in-migration. They both differ in each of these categories, making the two of them unique. British Columbia is greatly affected by sporting events, its vibrant economy, its expansion of global trade and the event of more Canadians moving to British Columbia. Whereas Newfoundland is based on its scenery and nature components, the development of business and marketing plan, its hub of international shipping routes and the many advantages that come with moving to Newfoundland. All of these factors have influenced both provinces in such a profound way, leading to what they have now become. These …show more content…
Tourism itself has created almost 5, 000 jobs to its economy, which has attracted more than 4 million international visitors. (Campbell, 2004) The balanced and lively economy supports the business climate and has caused the federal and provincial corporate tax rate to be one of the lowest in Canada. The aggressive business environment that British Columbia has permitted reserve funds of up to 18 percent in labor, vitality, and land. There are numerous mechanical divisions that British Columbia offers for speculation, which accompanies having a regular habitat, a multicultural and instructed populace with financial qualities. The many industrial sectors include agrifoods, forestry, mining, natural gas, technology, tourism, and transportation, which will create many opportunities for businessmen and other investors to invest in British …show more content…
The establishment of new opportunities and conveniences in all of the industrial sectors is the result of the development of the province’s economy. The small open economy has been positive from the development of global trade, which has resulted in the value of goods and services that are being exported rising 71%, exceeding Canada’s overall growth. (Province of British Columbia, 2016) Trade is a very important aspect of the economic advancement in British Columbia, which has created jobs and greater wages for workers. The Ministry offers aid to export-ready firms in order to advertise trade and investment in British Columbia, from its team of trade and investment professionals in British Columbia. The Ministry also offers its network of international Trade and Investment Representatives based in China, Japan, Korea, India, Southeast Asia, Europe, and the United States, to help those investing and trading to contribute to British Columbia’s