International Business Exam Notes
International business exam notes
UNIT 1
History of Canadian Trade
European Trade * 1700s – trades grew fast after permanent Canadian settlement * Demand for raw materials (beaver pelts, fish, lumber) * Europe manufactured Canada’s raw materials * After 7 years war, England and Canada made trade agreements (help war torn France) * near-port cities used to facilitate trade import/exports
US trade * Late 1700s, US independence and self reliant * Steam engine 1775 James Watt: revolutionized manufacturing and transporting * Cotton Gin by Eli Whitney: made cotton fibers, traded cotton with Canada * USA did most of Canada’s raw material manufacturing * To this day, US remains as Canada’s biggest trading partner * Mexico * NA Free Trade Agreement (NAFTA) made duty free trade in North America
Asian Trade * 1940s – Traded with Japan for electronics and cars * China manufacturing (Wal-Mart $15B to China)
Trade with Middle East * Oil * Politics, lack of industrialization, and technology limited trade * Dubai, Egypt, Israel have trades asides from oil
Indian Trade * High, educated population * Outsourcing and manufacturing * Although open government, lack of infrastructure and issues troubled trades * India aggressively expanded internationally * Imports: Linen, Rice, diamonds, clothes * Exports: fertilizers, vegetables, newspaper, copper
African Trade * Very low exchange with Canada (1% import, 3% export) * Corrupt government, infrastructure problems loom * Lots of primary resource potential * South Africa (no-oil) and Morocco (oil/fruits) trading partners:
How International business helps Canadians * Variety of products Most products made in USA, but we have access to those
UNIT 1
History of Canadian Trade
European Trade * 1700s – trades grew fast after permanent Canadian settlement * Demand for raw materials (beaver pelts, fish, lumber) * Europe manufactured Canada’s raw materials * After 7 years war, England and Canada made trade agreements (help war torn France) * near-port cities used to facilitate trade import/exports
US trade * Late 1700s, US independence and self reliant * Steam engine 1775 James Watt: revolutionized manufacturing and transporting * Cotton Gin by Eli Whitney: made cotton fibers, traded cotton with Canada * USA did most of Canada’s raw material manufacturing * To this day, US remains as Canada’s biggest trading partner * Mexico * NA Free Trade Agreement (NAFTA) made duty free trade in North America
Asian Trade * 1940s – Traded with Japan for electronics and cars * China manufacturing (Wal-Mart $15B to China)
Trade with Middle East * Oil * Politics, lack of industrialization, and technology limited trade * Dubai, Egypt, Israel have trades asides from oil
Indian Trade * High, educated population * Outsourcing and manufacturing * Although open government, lack of infrastructure and issues troubled trades * India aggressively expanded internationally * Imports: Linen, Rice, diamonds, clothes * Exports: fertilizers, vegetables, newspaper, copper
African Trade * Very low exchange with Canada (1% import, 3% export) * Corrupt government, infrastructure problems loom * Lots of primary resource potential * South Africa (no-oil) and Morocco (oil/fruits) trading partners:
How International business helps Canadians * Variety of products Most products made in USA, but we have access to those