Lecture 7 : Canada in the Wordl Economy

Question 1

Definition of the time-space compression

Answer 1

’’ 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

Question 2

Who invented to definition of time-space compression

Answer 2

Harvey 1989

Question 3

1 cause of Time-Space compression

Answer 3

Circulation technologies Ex : telegraph ( first circulation techn. ) Ex: Skype

Question 4

CAREFUL : the circulation technologies

Answer 4

are not the only cause of eco. globalization

Question 5

What’s the next tTSC technology

Answer 5

surpercontainer ships : 400m long 100 m wide 20,000 containers at the time

Question 6

Is TSC even ?

Answer 6

No, it’s a very uneven process.

Question 7

Why is TSC uneven ?

Answer 7

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

Question 8

Give 2 examples of the TSC within cities

Answer 8

London -NYC is closer than Londer-Denver. However, the trade btw London and Dever is greater.

Question 9

Canada’s links to the world economy in pre-19th century

Answer 9

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

Question 10

Definition of staples

Answer 10

Basic natural ressources

Question 11

Canada’s links to the world economy mid 19th century

Answer 11

shift - staples are exported to the U?s instead of europe

Question 12

what happened in 1867 and what’s the impact of Canada’s ecomomy

Answer 12

Confederation : nation building policies, transnational railraod, tarrif-protection, industrial cores emerge = encourage east-west flows *** West-East kickstart industrialization in Canada

Question 13

Canada’s links to the world economy WW1

Answer 13

Pacific coast lumber industry develops incrase export of staples ***PAcific Coast

Question 14

Canada’s links to the world economy WW2

Answer 14

consolidation of parts of Ontario and Quebec as key manufacturing districts Quebec + Ontario = country leading industrial core

Question 15

Canada’s links to the world economy 1965

Answer 15

Canada - US Auto Pact

Question 16

when is the Canada - US Auto PAct

Answer 16

1965

Question 17

Explain Canada - US Auto Pact (3)

Answer 17

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 ?

Question 18

What region benefits the most from the Canada - US Auto Pact

Answer 18

Southern Ontario - closest to the Great Lakes

Question 19

Examples of cie that are part of the Canada- US Auto Parts Pact

Answer 19

Christler, Ford, GM

Question 20

Is the Canada - US Auto Pact free trade ?

Answer 20

No , it is a managed trade e.g. refers to the elimination of tariff/ quota targetting only th auto sector

Question 21

Canada’s links to the world economy 1970s (3)

Answer 21

1- oil industry in Alberta 2-Rise of Japan ( hungry for all kinds of natural sorceresses ) cons: pull the the pacific / Asia economy

Question 22

Canada’s links to the world economy 1980s

Answer 22

1988 : FTA Canada - US 1994 : 1994 NAFTA , inclusion of Mexico

Question 23

what is the consequence of NAFTA e.g inclusion of Mexico in the Canada - US agreements

Answer 23

greater regional economic integration

Question 24

After the NAFTA agreements, are there still certain sectors where the gouv still plays an important role to regulation (3)

Answer 24

Yes, agriculture lumbers cultural industry

Question 25

4 facts

Answer 25

M.T x 4 GDP x 2 1981 : 31.4% 2012: 64.2%

Question 26

with who does Canada trade with 1981 - 2013

Answer 26

Question 27

What kind of goods and services do we import ans export - 2013

Answer 27

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 !!!!

Question 28

Who was Canada's first trade partner before 2007 ? and after 2007 ?

Answer 28

US China outsells US !!!

Question 29

What are the grabity - model analysis of Canadian merchandise trade flows in 1988 and 1998 ?

Answer 29

1988: intrprovincial flows 20 times greater than cross - border flows 1998 : inter - provincial flows 12 times grater than cross- border flows .

Question 30

How is the FDI in Canada , in 2013, by geographical areas as well as by industry

Answer 30

Question 31

How's the direct investment abroad, in 2013

Answer 31

Question 32

Total Chinese imports dominated by machinery and equipement

Answer 32

1st : crude materials $ 250 billions

Question 33

Chinese imports from Canada : feeding the dragon

Answer 33

2.3 billions !!! in crude materials !! HESUSSSSSS

Question 34

Major exports products from Canada to the Chinese Economy

Answer 34

ores, aches slag

Question 35

what is a trade deficit and what's a trade surplus?

Answer 35

trade surplus = exports are greater than imports trade deficit = imports are greater than exports

Question 36

What commodity groups of the canadian merchandise trade create surplus ?

Answer 36

1- energy products 2- forestry products 3- agricultiral and fish products 4- auto and automobile parts

Question 37

What commodity groups of the canadian merchandise trade create deficit ? ?

Answer 37

1- machinery and equipment 2- industrial gfoods and services 3- consumer goods bitches

Question 38

in what sector of the canadian services trade do we have a trade surplus, and a trade deficit ?

Answer 38

deficit in services, motsly due to the high imports from the us. sector of royalties, management services, tooling serrvices, license fees. surplus : scientific knowledge.