canada’s international business environment (1)

CANADA’S INTERNATIONAL

BUSINESS ENVIRONMENT

Phaneendra Kumar GITAM UNIVERSITY

….Our Neighbor

to the North

INTRODUCTION

• Canada was second largest country, only falling short of Russia.

• It is divided into large territories, similar to America but much larger.

• Native peoples of Canada came from Asia 1200 years ago, 12 tribes made up the First Nations.

• Canada was founded on July 1st 1867.• A land of vast distances and rich natural resources.

• Canada became a self-governing dominion in 1867 while retaining ties to the British crown

• Area total: 9,984,670 sq. km

land: 9,093,507 sq km

water: 891,163 sq km• Canada is spotted with several lakes and rivers, 7% of

the country is underwater.• Population is 34,030,589• Canada capital city is Ottawa in Otario.• Canada also aims to develop its diverse energy

resources while maintaining its commitment to the environment

CULTURE• It includes two separate people at cultures that

eventually joined together into one country.• French and English settlers each took claims to parts

of Canada.• The uniqueness of the demographics of the people of

Canada makes for a country full of different cultures.• In Canada each area is different and holds its own

traditions, language and people.• “hello I am candian” – “bonjour, je suis canadiene”• Canada is a country stereotyped for its obsession.

POLITICAL OUTLINE

• Executive Power Queen Elizabeth II is the Head of State. She appoints the Governor General of the country for 5 years.

• The Governor General appoints the Prime Minister as well as the Ministry (however, this is chosen by the Prime Minister).

• The Prime Minister is the head of the government. He holds the executive power.

LEGAL SYSTEM

LAW-MAKING JURISDICTION

Provincial GovernmentLegislature

*law-making jurisdiction bys. 92 Constitution Act 1867

Federal GovernmentParliament

Senate*law-making jurisdiction

By s. 91 Constitution Act 1867

Municipal Governments*law-making jurisdiction byThe Provincial Legislature

Territorial Governments*limited self government

*subject to federal control

ECONOMIC ENVIRONMENT

• Canada is a rich country with a very good living standard, it now has to deal with a worrying growth of its unemployment rate, which was estimated at 8 % in 2010.

•Accounting for almost two thirds of the GDP, the service sector dominates the Canadian economy. Its most dynamic areas are: telecommunications, tourism, Internet (almost 65% of Canadian households regularly use the Internet) and the aeronautical industry.

Cont….

• After declining due to global recession, Canada's GDP has rebounded with growth estimated at over 3% in 2010 due to the stimulus package, the recovery of foreign trade and the newfound confidence of Canadian households.

• Canada has 6 strong sectors of primary industry: renewable energies (mainly wind), forestry sector, hydrogen and fuel cells, mines, metals and minerals, fishing, oil and gas. The manufacturing sector represents approximately a third of the GDP.

EXPORT AND IMPORT• Canada is the 10th largest exporter and 12th largest importer in the

world.

• Agricultural products, crude oil, chemicals, electricity,

durable consumer goods, machineries.

• Total value of exports(2010): US$406.8 billion

• Primary exports partners: US (75.02 percent), UK (3.37

percent), China (3.09 percent)

• Primary imports partners(2010): US (51.1 percent),

China (10.88 percent), Mexico (4.56 percent)

CONCLUSION

Thus, by analyzing the various environment we can conclude that Canada has a strong cultural, legal & economical background and also have an excellent trade relations with the nation round the globe.

References

• https://www.cia.gov/library/publications/the-world-factbook/index.html

• http://globaledge.msu.edu/Global-Insights/By/country

• http://www.canada.gc.ca/aboutcanada-ausujetcanada/hist/menu-eng.html