Challenges for Canadian International Trade

In: Business and Management

Submitted By sinbi1500
Words 2585
Pages 11
CHALLENGES FOR CANADIAN INTERNATIONAL TRADE
GROWTH WITH MULTILATERALISM TRADE
March 4, 2011

Abstract
This essay contains the international trade between Canada to U.S. and Canada to China including the foreign exchange policy in each country and comparative advantages. It mostly focused on U.S and China between Canada’s relationships. The United States and China are the largest economic market in the world. Also these countries are Canada’s most favor relationship in the international market. In 2009, the international financial crisis became a huge issue of the world. Due to this financial crisis U.S got a lot of damage. It made also Canada’s economic downturn, because of strong reliant on U.S. Over view, Canada has to be a stronger country with more powers, in order to maintain a good relationship with many other countries to help each other and have more successful economic growth.

GLOBAL ECONOMIV DOWNTURN FROM THE FINANCIAL CRISIS In 2009, there was a global economic downturn from the financial crisis. Because of this, many countries got a lot of money damages. This put the world economic in most hard situation. Most of the people in the world spent such a hard time in this area. The main sources of this happened from some countries which were largest markets in the world such as the United State and other developed countries. From this economic downturn many developed countries reduced imports from other countries. Therefore a lot of export countries got more economic downturn. The one of main reason of the financial crisis was that the United State housing price decline in mortgage growth was riding rapidly down the financial system in the world fell into a more global competition. In other words, from the financial crisis, firm in developed nations into recession in the domestic market, according to its active participation in…...

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