Lecture 7 : Canada in the Wordl Economy Flashcards
Definition of the time-space compression
’’ Processes that revolutionise the qualities of space and time such that the ways in which we represent the world are altered. “ - Harvey 1989 i.e. TSC reflects accelerated movements of goods, information and financial ressources
Who invented to definition of time-space compression
Harvey 1989
1 cause of Time-Space compression
Circulation technologies Ex : telegraph ( first circulation techn. ) Ex: Skype
CAREFUL : the circulation technologies
are not the only cause of eco. globalization
What’s the next tTSC technology
surpercontainer ships : 400m long 100 m wide 20,000 containers at the time
Is TSC even ?
No, it’s a very uneven process.
Why is TSC uneven ?
Ex : it’s not all ducks across the world that can welcome such big sueprcontainer ships ( so not every region has the same capacity to be part of the TSC ) Investments in transportation and communication infrastructures largest where demand and financial returns are greatest
Give 2 examples of the TSC within cities
London -NYC is closer than Londer-Denver. However, the trade btw London and Dever is greater.
Canada’s links to the world economy in pre-19th century
Pre-19th century: exports staples to european = Engine of growth for the canadian economy
REMINDER: 1500-1800 = early commercial expansion
age of discovery and exploration
trade in commerce in high valued goods
mercantilism and protectionism
Definition of staples
Basic natural ressources
Canada’s links to the world economy mid 19th century
shift - staples are exported to the U?s instead of europe
what happened in 1867 and what’s the impact of Canada’s ecomomy
Confederation : nation building policies, transnational railraod, tarrif-protection, industrial cores emerge = encourage east-west flows *** West-East kickstart industrialization in Canada
Canada’s links to the world economy WW1
Pacific coast lumber industry develops incrase export of staples ***PAcific Coast
Canada’s links to the world economy WW2
consolidation of parts of Ontario and Quebec as key manufacturing districts Quebec + Ontario = country leading industrial core
Canada’s links to the world economy 1965
Canada - US Auto Pact
when is the Canada - US Auto PAct
1965
Explain Canada - US Auto Pact (3)
elimination of trade tariffs on cars, trucks and automotive parts Canada-US linkages ‘ unique ‘ in terms of volume of bilateral trade and patterns of corporate ownership But is this free trade ? What region benefits ?
What region benefits the most from the Canada - US Auto Pact
Southern Ontario - closest to the Great Lakes
Examples of cie that are part of the Canada- US Auto Parts Pact
Christler, Ford, GM
Is the Canada - US Auto Pact free trade ?
No , it is a managed trade e.g. refers to the elimination of tariff/ quota targetting only th auto sector
Canada’s links to the world economy 1970s (3)
1- oil industry in Alberta 2-Rise of Japan ( hungry for all kinds of natural sorceresses ) cons: pull the the pacific / Asia economy
Canada’s links to the world economy 1980s
1988 : FTA Canada - US 1994 : 1994 NAFTA , inclusion of Mexico
what is the consequence of NAFTA e.g inclusion of Mexico in the Canada - US agreements
greater regional economic integration
After the NAFTA agreements, are there still certain sectors where the gouv still plays an important role to regulation (3)
Yes, agriculture lumbers cultural industry
4 facts
M.T x 4
GDP x 2
1981 : 31.4%
2012: 64.2%
with who does Canada trade with 1981 - 2013
What kind of goods and services do we import ans export - 2013
Top exports
1- Energy prodcts : crude oil
2- Metal ores and minerals
3- motor vehicles parts and parts
Top imports
Consumer goods
motor vehicles and parts
electronic and electrical equipment
TOP , including imports and exports :
Energy products !!!!
TOTAL “ deficit !!!!
Who was Canada’s first trade partner before 2007 ?
and after 2007 ?
US
China outsells US !!!
What are the grabity - model analysis of Canadian merchandise trade flows in 1988 and 1998 ?
1988: intrprovincial flows 20 times greater than cross - border flows
1998 : inter - provincial flows 12 times grater than cross- border flows .
How is the FDI in Canada , in 2013, by geographical areas as well as by industry
How’s the direct investment abroad, in 2013
Total Chinese imports dominated by machinery and equipement
1st : crude materials $ 250 billions
Chinese imports from Canada : feeding the dragon
2.3 billions !!! in crude materials !! HESUSSSSSS
Major exports products from Canada to the Chinese Economy
ores, aches slag
what is a trade deficit and what’s a trade surplus?
trade surplus = exports are greater than imports
trade deficit = imports are greater than exports
What commodity groups of the canadian merchandise trade create surplus ?
1- energy products
2- forestry products
3- agricultiral and fish products
4- auto and automobile parts
What commodity groups of the canadian merchandise trade create deficit ? ?
1- machinery and equipment
2- industrial gfoods and services
3- consumer goods bitches
in what sector of the canadian services trade do we have a trade surplus, and a trade deficit ?
deficit in services, motsly due to the high imports from the us. sector of royalties, management services, tooling serrvices, license fees.
surplus : scientific knowledge.
