Beyond Hewers Of Wood And Drawers Of Oil

Improved Essays
Summary of “Beyond Hewers of Wood and Drawers of Oil”

David Parkinson illustrates the evolution of Canadian trade through the article “Beyond Hewers of Wood and Drawers of Oil”. A time before Canada was its own independent country, the Europeans took use and advantage of all the natural resources, riches, wealth and spoils of the land. Without a doubt Canada has widely advanced itself as an independent country due to the resources the country has to offer with its large land fruitful land. The evolution of Canada’s economy has consistently developed throughout the many years due to globalization, urbanization, and demand and supply. Till this day, Canada’s economy has gone through series of seesaws back and forth between which industries
…show more content…
However, in the past decade, China rapidly expanded in global trade markets, as trade barriers fell and countries began to diverge towards globalization. China’s growth and urbanization accelerated at a more progressive rate than other countries, due to capitalizing on manufacturing goods at low costs and exporting them internationally. This led to the increasing demand of raw materials, which once again sparked Canada’s dependence on its land for natural resources. Canada notably influenced by the global commodities boom was able to trade surpluses of metal ores and minerals from the mining and oil and gas extraction sector to meet other country’s needs, such as China effectively. With the United States booming in industrial power, the world went through a supercycle, with increasing demand of natural resources. After the Second World War, the reconstruction of Europe and the rise of the Japanese economy once again established trade with raw materials from Canada. Canada is unlikely to be once again be energy- export dependent on its economic growth …show more content…
In the process of developing these resources, construction has risen in importance. These require considerable construction investment, therefore job opportunities were created and there was a surging demand from workers in Asia. The labour would increase job creation, however social welfare issues cannot be overseen, as these immigrant workers were not treated with equality. The increase in this investment, combined with the global decline in manufacturing, would eventually result in construction employment to overtake manufacturing as a leading source of Canadian employment. This is exemplified as there was an overpopulation in the western area of the country, driven by the resource boom. If more labour and investment is required to extract resources, an equal amount, or more, is required to meet Canada's increasingly urgent infrastructure needs. Nevertheless, oil and gas extraction accounted for two-thirds of Canada’s capital spending growth and later made up more than one-quarter of the country’s capital spending. Although lowering tariffs, and allowing free-trade can promote international trade and expand towards foreign markets, the trades of goods has been shrinking. With advancements in recent technology, people aren’t able to predict the future of global economic

Related Documents

  • Decent Essays

    Case Study Henry Inc.

    • 463 Words
    • 2 Pages

    To continue growth and remain competitive in the global market, Henry Inc., should expand its business into Canada. The country is financially stable with positive business trends and trade agreements with the U.S. Oil and energy competitors of Henry Inc. in Canada are doing very well due to the high demand for oil and energy products. Henry Inc. can compete with them in the United States, I am confident that Henry Inc. will be able to compete with them in the Canadian market. The research I have done for this report indicates the expansion will be profitable because Canada’s economy is growing and will continue to grow in the following years.…

    • 463 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    “Tarmageddon”, an essay authored by Andrew Nikiforuk, demonstrates how the tar sands have negatively impacted Canada both economically and environmentally. The environmental factors are elaborated by explaining Canada’s contribution to green house emissions and acid rain when they were once a global leader against such pollutions. Nikiforuk compares Canada as being second worst for climate change next to Saudi Arabia since they started using bitumen. He highlights the politics surrounding the issues and includes the impact of the tar sands on public policy by stating that Canada no longer has a policy on climate change and have abandoned their targets. He goes on to include Prime Minister Stephen Harpers contribution to the corruption that branch out from the province of Alberta and his personal connection as “the son of an imperial oil executive” (AR.189).…

    • 547 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Introduction Year after year, more and more industrial plants are popping up in neighborhoods across Canada; some industrialized areas are more concentrated than others. Lambton County in Ontario, for example, contains 62 industrial refineries clustered together and within a 25km radius is giving it its nickname “Chemical Valley. ”(MacDonald, E., et al 2007) Canada is a resource rich nation, and a competitive leader on the world economic stage, thanks in part to the strong industrial and energy sector of our economy. Many Canadians benefit from our growing industrial economy, allowing most to live in a safe stable country while being able to provide for their families.…

    • 659 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Avro Arrow Controversy

    • 1300 Words
    • 5 Pages

    Howe understood the increasing cost of the Avro Arrow was just too much for Canada and it would negatively impact Canada’s economy in the future. Additionally, to keep the cost down the Canadian Government was required to find foreign markets for the aircraft, but none of the foreign markets wanted to buy the aircraft. “The aircraft was designed for Canadian needs which limited its attraction to foreign buyers.” This meant that anticipated foreign sales were not being realized.…

    • 1300 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Canada’s massive amount of agriculture was very important as it was essential to the food production for the Allied forces and for Britain. Because of the blockade on Britain by the German U-boats Canada’s merchant ships travelled across the dangerous Atlantic to deliver the much needed supplies that Britain relied on. Therefore giving Canada a lot of economic growth through WWII. Canada’s large amounts of crude oil were extremely important for powering all the motor vehicles in Britain and vehicles used by the Allies. With a portion of the allies resources coming from Canada this set Canada up for economic success for supplying the world with raw materials which has become its main source of national…

    • 638 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Canada's Role In Ww2

    • 468 Words
    • 2 Pages

    From the start of WW2, The Germans tried to destroy and stop supplies and lifelines to Britain. The Atlantic path from North America to Britain vulnerable and in need of defence. Canada contends vital and important role in the battle of the Atlantic. for 6 years the RCN, the Canadian Merchant Navy and therefore the RCAF were the participants primary in the battle of the Atlantic. Canada’s Navy was little owning Six destroyers, 5 little minesweepers, 2 coaching vessels and one squadron of flying boats.…

    • 468 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Canada 150 Swot Analysis

    • 369 Words
    • 2 Pages

    Canada 150 proposes immigration to boost Canada’s economy Attempting to resolve many issues the country of Canada faces, the United Nations committee “Canada 150” focused strengthening their economy. Various solutions were proposed, among them increasing education for their citizens. Unexpectedly, the delegates presented the idea of encouraging immigration to increase their workforce. Many were in support of foreigners with delegates such as Penny Oleksiak, General Dynamics Land Systems and Omar Khadr. Penny Oleksiak stated, “[Canda’s] workforce was about to go down…therefore we need to get more immigrants and widen our working class”.…

    • 369 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    The Roaring In The 1920's

    • 1848 Words
    • 8 Pages

    Firstly, after the First World War concluded, there was a high demand for Canadian raw materials. This includes wheat harvesting, pulp and paper production and mineral refineries. By 1928, Canada was the single largest exporter of wheat in the world with 567 million…

    • 1848 Words
    • 8 Pages
    Superior Essays
  • Great Essays

    In reintroduction of foreign trade, as well as the importation of furs, from Canada, molasses, from the West Indies, and sugar would cause a dramatic economic boom. As a result, the French government would make more…

    • 2304 Words
    • 10 Pages
    Great Essays
  • Improved Essays

    Stop Oil Sands Expansion

    • 1032 Words
    • 5 Pages

    There are many conflicting opinions whether the development of the oil sands in Canada should proceed or whether it should slow down on any plans to move forward. Although both arguments have valid points, when it comes to educating the general public, the results depend on who presents their argument in a more understandable and convincing way. I found that between the articles Why Canada needs to develop the oil sands and Stop Oil sands expansion, says Canadian and U.S. Scientists. The former was a superior article because of its detail and organization as well as the evidence provided to support their statements. The first article, Why Canada needs to develop the oil sands, starts out by discussing the diverse economy of Canada and how…

    • 1032 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Poverty In Canada Essay

    • 906 Words
    • 4 Pages

    The country is also the world’s 5th largest producer of natural gas and the 4th largest exporter of the same after Russia, Norway and Qatar. The economy of Canada is largely dependent on the United States for…

    • 906 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    Body Paragraph 1: P - Trading E - Trading has been going on since the beginning of the british colonization of canada, mainly timber and fur trade. People capture the animals for their fur to make accessories. This has been trading to different nations and have been gaining commercial advantages with First Nations. There's was also timber trade, which had been one of Canada’s most important commodity. They shipped from Saint John River, England, St. Lawrence River, Quebec City and has became a massive business ever since.…

    • 313 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Macroeconomic models can be used to show the development of North America since NAFTA was put into effect. GDP has risen 39.3%, 40.3% and 24.1% in the United States, Canada and Mexico respectively. Trade between all three nations has increased from $297 billion to $1.14 trillion. With trade increasing, jobs have increased as well, as 14 million American jobs have been due to trade with Canada and Mexico. As employment has been increased, the frequency of the business cycle has decreased because of the rise in wages and increased spending.…

    • 1628 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Oil Sands Research Paper

    • 266 Words
    • 2 Pages

    Canadian oil boom Great or Horrible “It a choice between starving or being poisoned” says a local doctor The canadian oil boom is the canadian companies are using oil sands to make oil and it is very poisonous. Canadian oil boom profitable but dangerous these are some things you may ask What are oil sands?What’s crude oil?Where did they come from?…

    • 266 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    North America Free Trade Agreement- the goal is to eliminate tariffs on bilateral trade between Canada and the United States by 1988. This was followed by 1991 by talks among the United Stated, Canada, and Mexico (271). The North American Free Trade Agreement is extremely important since the U.S. trade with NAFTA has unlocked many opportunities for millions of Americans who support jobs and exports that are made in America. The prices for exporting and importing qualifying products were significantly high and NAFTA made it possible to reduce tariffs that caused purchases between Mexican and Canadian goods to become easier.…

    • 789 Words
    • 4 Pages
    Improved Essays