Canada - The new global economy Essay Example | Topics and Well Written Essays - 1000 words

Canada - The new global economy - Essay ExampleThrough these transaction activities, the country will realize improvement of its local infrastructure, increased job opportunities, and increased revenue collected from traders within and outside the country. Moreover, the country is also tick off to experience increased supply of goods and services that enhances the living standards of the locals.International trade and relations play an essential role in the growth and development of the Canadian economy. In the recent years, the country has hugely credited its growth and development to international trade and relations with other countries. Through international trade, Canadians can entre the international markets and interact with numerous traders from all over the world. According to Bowen, Hollander, & Viaene (2012), the international markets offer various buyers and consumers who purchase Canadian products at relatively fair prices. As a result, traders and producers manage to sell many goods to the international community. Moreover, according to Passaris (2015), Canadians also have access to other essential goods and services from other countries. These products ar cheap and are useful for both local consumption and production of other commercial goods. Through this, the country is sensible of revenue from trade and consumers are assured of affordable quality goods and services from other countries. From these, Canadians quickly experience economic growth due to the revenue collected from trade. Moreover, these citizens are also assured of amend living standards since they easily access a range of basic goods at an affordable price. Thus, for the country to enjoy future economic growth and development, they must actively participate in trading activities.Equally important, the country has numerous trade agreements with other countries around the world. The most notable examples of trade relations Canada has with various countries are the North Ameri can Free