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Canada in the Global Economy
Essay specific features
Written by:
Orlando J
Date added:
January 3, 2015
Level:
University
Grade:
A
No of pages / words:
5 / 1387
Was viewed:
3919 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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