Canada in the Global Economy

Essay specific features

 

Issue:

Business

 

Written by:

Orlando J

 

Date added:

January 3, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1387

 

Was viewed:

3919 times

 

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Essay content:

The US on the other hand, has about a ten times larger population, and therefore, a much larger market and demand are in place for larger multinational companies to build. As a result of the lack of sufficient domestic demand in Canada, only a small number of larger firms are developed in each industry...
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Furthermore, Canadian firms seldom treat research and development as a priority. Unlike in the US, innovation is not a corporate culture in Canada. This can be partly due to the lack of intense domestic competition, causing firms to spend resources on other areas instead of R&D because there is no real urge to innovate and maintain competitiveness...
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