Globalization processes international alliance arising from businesses, ideas, culture and products from around the world (Proquest, 2012). The idea of globalization allows many countries to have access to possessions the country is not available towards. Due to the availability of products from other countries, many nations are developing into better standards to support their economy and people through the use of globalization. Proliferation of goods and services provides accessibility to high efficient features to develop stability of businesses (Proquest, 2012). Globalization approached Canada in a beneficial structure allowing Canada to advance in markets to sustain a healthy economy. The wide-spectrum of this concept led Canada to a stable
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Due to the stability in the industry, many developing countries such as India or China are highly dependent on Canadian businesses for their own benefits to improve their nation as a whole. In addition, globalization powers the development of economic growth through promoting various merchandises and making products with a lower cost for Canadian businesses.
The products and supplies given to Canada through globalization is the major step to beginning the process work towards success. Through the variety of goods and services that Canada is not available near, globalization provides these facilities to satisfy the needs and wants of consumers within the country. From there, Canada develops ideas and businesses to higher achieve their market around the globe. Additionally, Canadian businesses buy products for a cheaper price in another country to save money for our economy. Particularly, goods and services are often obtained from China due to lower prices of products leading Canada to a better deal in terms of currency. For example, plastic and rubber is bought from China through a very low cost (CBC …show more content…
Companies save masses of money due to the cheap labour enforced in poor countries. Products are being purchased with low amount which is an advantage to our economy with the convenience of various goods. Similarly, setting back to buying products in China for a cheap price also relates to Canada making products from China through a low-cost. When looking at the tags stuck onto many of our clothing’s, it will have a written saying of, “Made in China” (Kapner, 2015). These tags are often not taken into consideration of how it’s made; it’s worn for the fashion trend. The representation of this sign symbolizes that dress wear is regularly prepared in China. The foundation of cheap labour and resources from China results in the maximization in revenue for many Canadian businesses (Kapner, 2015) leading to economic growth as more money is saved for other beneficial costs in the
Due to the stability in the industry, many developing countries such as India or China are highly dependent on Canadian businesses for their own benefits to improve their nation as a whole. In addition, globalization powers the development of economic growth through promoting various merchandises and making products with a lower cost for Canadian businesses.
The products and supplies given to Canada through globalization is the major step to beginning the process work towards success. Through the variety of goods and services that Canada is not available near, globalization provides these facilities to satisfy the needs and wants of consumers within the country. From there, Canada develops ideas and businesses to higher achieve their market around the globe. Additionally, Canadian businesses buy products for a cheaper price in another country to save money for our economy. Particularly, goods and services are often obtained from China due to lower prices of products leading Canada to a better deal in terms of currency. For example, plastic and rubber is bought from China through a very low cost (CBC …show more content…
Companies save masses of money due to the cheap labour enforced in poor countries. Products are being purchased with low amount which is an advantage to our economy with the convenience of various goods. Similarly, setting back to buying products in China for a cheap price also relates to Canada making products from China through a low-cost. When looking at the tags stuck onto many of our clothing’s, it will have a written saying of, “Made in China” (Kapner, 2015). These tags are often not taken into consideration of how it’s made; it’s worn for the fashion trend. The representation of this sign symbolizes that dress wear is regularly prepared in China. The foundation of cheap labour and resources from China results in the maximization in revenue for many Canadian businesses (Kapner, 2015) leading to economic growth as more money is saved for other beneficial costs in the