ib test review

obama

stephen harper

angelina markel

mahmoud ahmadinjad

kim jon un

• usa
• china
• japan

an industry tat requires a substantial amount of money (capital) to stat or operate

self sufficient community based on principles of communal property and shared responsibilities

the rate at which one currancy can be exchanged for another or for gold

imports. exports of finished manufactured goods/products ready for use by consumer or by producer of goods/ services

a canadian law that is used to impose trade sanctions on goods by means of area control list, export control list and the import control list

associations of merchants and craftspeople started in the middle ages and organized within a town for mutual aid or business benefit

reliance of two or more groups on the actions of one another to fulfill certain wants or needs

a canadian federal act to provide for the review of significant investments in canada by non canadians

an industry that requires a large number of skilled or unskilled workers

industries that are based on raw materials from nature (fishing agriculture etc)

raw materials stemming from a countrys primary resources

the practice of protecting domestic industries and economies

industry that manufactures goods within their own country

imports and exports of primary resources

the ability to provide for all of ones basic needs without relying on anyone else

partially manufactured to the specifications of manufacturers to be finished and used in the final manufacture or assembly of products

a law that authorizes the canadian government to apply economic sanctions in response to a serious threat to internatioal peace and security

barriers or penalties one country places on another

customs duty on merchandise imports the purpose of which is to give a price advantage to similar locally produced goods or to raise revenues for the country

canadian act that incorporates into canadian law decisions passed by the un security council

the principal internatioal organization that deals with the rules of trade between and among nations

communities that attempt to somwhat be self sufficient

silk and tea

imp spices fro india and clothing from northern europe

once the most imp trade commodity to preserve food enhance flavour eliminate ordours -- grows in china and indea

extended from alaska to chile

• claimed by colonists liek chrisotpher columbus
• the colonies provided spain with fish agricultural producs (sugar)

spain introduced the slave trade into the americans to run sugar plantations and silver mines

• john cabot --> came to canada newfound land in search for spices found fish instead
• fur trade between aboriginals and europe(became very successful)

• initially established 3 departments
• fur trade
• land sale
• retail

• self sufficiency replaced by trade
• beginning of interdependence
• attracted immigration

• stylish clothes
• household furniture
• manufactured food
• precision tools

• fish 
• fur
• metals
• wheat
• wood

• northa american free trade agreement
• 1993 canada signed it 
• eliminates tariffs among the US canada and mexico

free trade area of the americans

US JAPAN UK

• ccanada trades primary resources to countries tha onver them to semi manufacuted goods and resel the to their won populatiosn
• they are not labour intensive
• trade in services is increaseing

wheat farming agriculture fishing forestry logging and energy and mining

processed foods beverages rubber plastic leather textile wood furniture and fixtures paper printing and publishing and primary metals

• activities performed by experts pilots mechanics accountants engineers doctors teachers arhitects -- fastest growing sector
• commercial services travel and transportation and gov

• sell something we dont need 
• creates jobs
• attracts investments
• attracts new technology and materials
• offeres canadians a wider choice in producs and services
• more competition in market place -- encourages competitive pricing technological advances and improved servies including education

employees spend money-> create demand -> creates new or expanded businesses-> business create jobs

• economic exploitation
• loss of cultural identity
• physical harm
• support of non democratic systems  
• special welfare issues--> maintaining sertain standards (health safety wage compensations etc) supporting businesses that dont have these prepetuates this issue
• environmental issues
• political issues (wars can ocur bc of natural resources)

• tariffs
• currency fluctuations
• investment regulations
• environmental restrictions
• foreign relations and trade sanctions
• safety regulations
• immigration policies

• tax imposed by local gov on imported goods
• protects local businesses from low priced competitive products
• allows ppl to buy canadian products

• fluctuationc value of currency on international markets can be major barrier to trade
• as countrys currency is devalued in realation to another the country with devalued  can sell mor to other country

• ICA canadas federal investment canada act 
• non canadian investors must comply with provisions of ICA

• large protion of canadas econ depends on its natural resources
• foreigh insets and diseases could harm canadian econ
• restictions are help to protet canadian crops and fish and forests
• all products imported must comply with canadian standards

• placing limits onf officail and diplomatic contgacts and travel freezing assets in canada that belong to other natiosn restricting trade
• Special Economic Measure Act SEMA and the export and import permits act and united nations act

affects domestic and foreign imports act as barriers to foreign exports who may need to make costly changes to conform canadian standards

econ benefits from immigrans skills and financial investments

the  state of the business environment  the economy and the stock market

a good or service that is produces in one country and sold in another country

establishment of a subsidiary operation or a joint venture in a foreigh country used when a compan in one country wishes to expand into another country

raw materials semi manufactured goods or manufactured goods

a good or service brought into a country

• create ship and sell goods and services internationally 
• inc trade licensing the use of assets and foreign investment

a monitoring agnecy that offeres governements a setting in which to discuss and evelop econ and socail policy

to obtain goods parts materials or services from an outside source

purchase of shares and bonds for the income they yeild of the capital gains they may bring and not for exercising of ownership or control

• the part of the econthat is free of governmetn control
• commitment of money or capital to projects

a good or service

• the part of the econ that is under direct control of the gov
• the pubilc sectors commitment of money or capital to rprojets in  order to gain financial return

materials in their natural state

activities that individuals groups organizations or companies perform to advise or assist other individuals organizations or companies

• expand markets and increase sales
• controlling expenses(lower labour costs oursourcins etc)
• diversification(dont depend on the econ of one country)
• competitiveness (protect themselves from competitors )

• developments in tech
• developments in transportation
• free borders
• business confidence
• global competition

• lower production and business costs
• human resources
• positive business climate

• borrowing money to finance and investment decision
• amplifies the investment outcome
• could be bad or good