Positive Effects Of Globalization On Canada

Canada

Positive impacts of globalization of Canada

Technological changes and advancements; expanded the sphere of culture and created the global village that Canadian communication theorist Marshall McLuhan called. All entertainment sources like music movies can be available worldwide. All Food Points will be expanded worldwide. Clothing brand and style have reached the whole world.

Growing number of international trades; and agreements have a strong impact on decision-making about a country's political situation. It can transfer limited state power to corporations and international organizations. The late 1970s saw the spread of a growing ideology known as globalism, which advocated an open market and limited government interference in capital affairs.

Globally high rate of international trade and investment; and the sharing of knowledge and technology all became part of the economy. The GATT was originally signed in 1947 to encourage cross-border trade. The World Bank and IMF support this policy. it means that a

Producing goods in countries like China rather than exporting them to Canada is more affordable due to the availability of cheap labor and materials overseas. Millions of Canadian jobs have been lost as a result of this outsourcing, with 6 million jobs lost as a result of outsourcing to China. President Justin Trudeau's administration intends to impose protective tariffs on goods imported into Canada from China to counter this economic shift. resulting in a trade conflict between China and Canada. Due to capitalism and globalization, Canadian suppliers are now looking abroad for lower cost products. As a result, Canada lost millions of jobs and a trade war with China ensued. Because it pits nations against each other to protect their economies, globalization is bad for the world