Globalization In Canada

772 Words2 Pages

Thesis Statement:
Canadians should be concerned about Canada’s dependency on oil, but only to a limited degree.
Description of arguments and use of Sources
Point 1:Canada’s diversify industries It is clear base on Statistics Canada that Canada's economy doesn't relays in the oil industry as some of Canadians believe, in order to demonstrates Canada diversify industry the paper would cover areas such as manufacturing and other sectors to contribute to Canada GDP. There are three examples that helps showcase the diversification of our economies in areas such as biotechnology industry that covers innovations and research & development, the solar panel manufacturing sectors and the investment by local and foreign firms in the manufacturing sectors. …show more content…

The first example of the biotechnology industry, the paper A study of R&D, innovation, and business performance in the Canadian biotechnology industry (Hall and Bagchi-Sen, 2002) highlight the innovative and support of the biotechnology industry in support and diversification of industries within the Canadian economy. The second example would be supported by the paper of Financial Return for Government Support of Large-Scale Thin-Film Solar Photovoltaic Manufacturing in Canada (Branker and Pearce, 2010) provides the financial contribution of an environmental industry in supporting the economy grow. The third example is the manufacturing sector has great investment from both local and foreign firms resulting in the increase of employment and wages to employees, the paper Global Links: Multinationals, Foreign Ownership and Productivity Growth in Canadian Manufacturing (Baldwin and Gu, 2005) helps convey the message about the Canadian diversification in industries that provide grow and support to the …show more content…

One important point is that the provincial and the federal governments have focus their attention to the high-tech sectors as it looks to expand their source of taxes and help the grow the economy. There are three areas that have demonstrated the commitment of the government to the sectors which are the increase high-knowledge workers via immigrations and educations to help grow the economy, the second is the support to the gaming industry to provide resources of the economy and the concentration of technology and innovative industry focus in the Waterloo

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