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How Does Globalization Affect Canada

Decent Essays

Introduction

For decades till today, the word of “Globalization” has been a controversial topic between the nations. Some people are against and the others are for it. In simple words, the meaning of globalization is the merging of all the world to become a small village, and that is surely will lead to more interaction between the people from different parts of the world.
Canada is a great example of globalization, that is because it is one of the most industrialized countries, economically interconnected and having cultural and ethnic diversity.

Globalization has reached the Canadian land through many ways, such as the global trade, technological advancement, investments, and the immigration, and it has affected the political, economic and social aspects of the Canadians.

There is no doubt that increasing in international trade is supporting the economic growth across the world, raising incomes and creating jobs. However, international trade can also some create economic obstacles, such as the international context and the market policy and regulations of each country, and consequently it can be said that the effects would have positive and negative sides, and it is useful to mention all of them and to take them into consideration.

Economically, Canada is one of the richest countries in the world, with a large Gross Domestic Product and a high standard of living. As well as, it is a member of major institutions of global economy, like G7, G20, NAFTA and WTO. In

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