Comparative Analysis: Trudeau And China

The China-Canada relationship is the solution to every problem Canada faces in the long term and as a result, greatly improves Canada’s economy as a whole. By trading with China we are able to increase the exports of both services and manufacture goods via raw resources and healthcare and decrease our reliance, as a country, on the United States. China is also newly industrialized country which has shown enormous economic growth. In fact, China now accounts for about six percent of Canada’s world emerging as Canada’s second largest trading partner. China’s role in Canada’s economic market will clearly enhance the lives of all Canadians, through the sheer amount of trades they bring in and for the future of Canada’s trade; with China at Canada’s side, we will be able to set a stable economic foundation for all, making this extremely important for all Canadians.

Because Japan has the comparative advantage in producing computers in that example, free trade would maximize both country’s production by having Japan specialize in producing computers and Canada specialize in producing cars. Then, both countries could trade the products they specialize in for the other, at a fair rate to be determined separately. Without free trade, each country had a bigger limit on what good they could produce. With trade, both countries still have a limit to what the countries can produce, but since they are trading what they are best at producing, they are maximizing the total numbers of goods in the country. Thus by trade at a fair, un-taxed rate, they are capable of having more goods and services in their country and any given time. Both countries are able to produce the best they can and thus from trade, they receive the most of the other good as they possibly can. This is known as the law of comparative advantage (Mankiw, Kneebone, McKenzie & Rowe 55).

Canada, Mexico and the United States were all involved in NAFTA, the North American Free Trade Agreement. This agreement had really helped improve Canada’s economy and raised the standards of living in Canada. NAFTA had also proved itself to be a solid foundation to building Canada’s prosperity which is good for Canada’s independence as well (North, 1). After the free trade agreement, there were many positive effects in the Canadian economy. John F. Kerry, an American politician had once said, “NAFTA recognizes the reality of today's economy - globalization and technology.”(John, 1) This agreement states that Canada is helping in globalizing the economy of not only America but Canada and Mexico as well. In this case, the agreement is improving and benefiting the Canadian economy very well which is great for Canada's independence. It shows that Canada can make its own decisions with other countries to benefit their own country in many ways economic wise as well as independence wise. This also shows that although Canada and America are important trading partners, it doesn't necessarily mean that one country is a step behind the other. It means that if they work together, they can benefit each other and help improve one another's growth as

It is inarguable that people are talking about Canada since Prime Minister Justin Trudeau assumed office just a few months ago. In just over four months, the media-friendly, question-taking and selfies-giving Trudeau has managed to seemingly make Canada cool on the world stage, using the increased spotlight to highlight the merits of diplomacy and engagement, including on issues such as climate change, respect for diversity and human rights and international peace.

As every step taken by a government is to ensure the well being of its nation and the prosperity of the country, Canada was pushed by the same driving force to make a trade deal with US. Since the primary purpose and advantage offered by a free trade agreement is to exploit the no tariff trade, it was not the goal of Canadian government while seeking this agreement. The trade tariffs were already very low, around 1% of the total value of the trade, then a question arises that what Canadian government was aiming for.

Canada’s most important diplomatic relationship is that with the United States. Over the years this relationship has had its ups and downs for numerous reasons, but it can be largely traceable to the interpersonal rapport between prime ministers and presidents in any era.

If each country specializes in areas where its advantages are greatest or disadvantages are least, the gains from trade will make each country better off than it would be if it remained self-sufficient. [3]

First is different symbols. China is oriental country, and Canada is the west. When we know China, the first thing is Panda Conversely, Moose is Canada’s symbol. Every where in Canada can see Moose logo.

We are the new winning party that will benefit you from head to toe. We will exceed the Liberals at allowing more help to people in need.

Since the fall of communism in Russia and the end of the Cold War, China started to rise as a significant power and to this day holds the title as the world’s fastest growing economy. With that advancement, China has become an influential global player in international politics and the economy; moreover, causing many countries, developed and developing, to raise a serious level of concern and interest to the rapid development of China. In particular, Canada is now back to establishing to be on better terms with China, after Harper’s playing hard to get approach, we must work even harder in becoming a part of China’s inner circle of trade partners. Moreover, Mr. Harper at first tried an activist approach, criticizing and accusing China of poor

In 2013, Canada and the European Union (EU) reached a trade agreement. Prime Minister Stephen Harper announced that the trade agreement will boost trade and investments between the two countries, as well as creating employment opportunities for many Canadians. This agreement covers most aspects of the Canadian and EU economic relationships, including trades in goods and services and also

Canadian Contribution as a middle power and their adaptation from foreign policy between Harper and Trudeau has allowed Canada to continue to be a major factor in global politics. Many changes the Harper made to the current government system are being continued by Trudeau.

The reconciliation of Canada’s broken relationship with its indigenous people has been at the forefront of Prime Minister Trudeau’s political agenda. Trudeau has promised reform on a number of fronts. In a recent speech to the United Nations, Trudeau addressed the ongoing mistreatment of Canada’s 1.4 million indigenous people and expressed a strong Canadian commitment to repairing a long history of Aboriginal injustice.

Economic analysts say trading among other countries with no stipulations improve global efficiency in resource allocation (Tupy, 2005). Free Trade delivers goods and services to those who value them most and allows partners to gain from specializing in the producing those goods and services they do best; according to Tupy’s findings, Economists call that the law of comparative advantage. Tupy also states when producers create goods they are comparatively skilled at i.e. Germans producing beer and the French producing wine, those goods increase in abundance and quality. Trade allows consumers to benefit from more efficient production methods, for example, without large markets for goods and services, large production runs would not be economical. Large production runs, in turn, are instrumental to reducing product costs while lower production

The theory of comparative advantage explains the benefit of free trade. According to this theory by David Ricardo in the early 19th century, “Both countries will be better off if each specializes in the industry where it has a comparative advantage, and if the two trade with one another.” (Citation) International trade opens up markets to foreign supplier, and domestic companies need to improve their efficiency, boost productivity, and lower cost to increase competitiveness instead of enjoying monopolies or oligopolies that enabled them to keep prices well above marginal costs. On the other hand, international trade also offers domestic companies bigger demands and broader markets; therefore more jobs relevant to export have been created. Furthermore, jobs in the US supported by goods exports pay 13-18 percent more than the US national average (ustr.gov).