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Free Trade Agreement And Its Affect On Canadian Business
Beginning of Essay
With the coming of the Free Trade Agreement (FTA) there have been very
serious implications for Canadian business and for that matter, Canada as a
whole. Many aspects of the previous economic climate have changed such as
the reduction or eliminatation of tariffs .... Middle of Essay
.... The FTA stands to alter Canadian business which has grown rather
relaxed and inefficient behind walls of tarrifs. While these may have
initially spurred industry, they have after time encouraged complacency.
With these rapidly disappearing walls, business will have to become "lean
and mean" in order to compete in a very competitive global market. Looking
at the present state of affairs our status in research and development
(R&D), labour costs and expansion, there is much that must be done.
Compared to the other industrialized western nations we lag far behind in
nearly all areas.
Take for example R&D. In 1990 Canada spent approximately 2.1% on R ....
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Words: 1290 - Pages: 5
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