Economic Analysis of Canada

In analysing Canadas economy on the global scurf it is lucid that they are one of the most economically progress countries in the world having the eighth largest economy. In recent time Canada has moved away from being an economy based altogether on natural resources, Canada is quickly moving toward a knowledge-based economy built on innovation and technology. Canada is also becoming a smarter economy: Canadas knowledge-intensive industries are generating advances in their capability to fable high-tech machinery and equipment, and encouraging industrial modernization as an difference result (Canadian economic observer, 2007). On the argumentative side it is evident that Canada has developed a strong economy due to having immense natural resources to export like energy resources, agricultural products, gold, nickel, atomic number 92 and lead but in recent times Canada has let a multi-skilled economy no longer just relying on the export of natural resources. Canada has also became an economic powerhouse due to having a skilled labour force and having modern groovy plant. Canadas service sector has had a major exploit on their economy as the service sector accounts for twain thirds of their GDP.

The major reason wherefore the service sector is so influential to Canadas economy is that 12% of the Canadian population are employed through the service industry (Canada sparing Observer (2007) . In discussing security matters it is evident that Canada is a pocket-sized risk solid ground to conduct craft with. The reason why Canada is a low risk surface area to conduct business with is that they have implike government controls and also have tight import/export regulations. Canada are an extremely developed country which is very safe to do business in, so internationalist investors can be confident in doing business in spite of appearance Canada without the risk of downfalls. The obvious risks of doing business within any country are bribery, corrpution and various culture issues but international investors can... If you destiny to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!