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Geography Chapter 6: Canada's World Trade
Transcript of Geography Chapter 6: Canada's World Trade
relationship in the world. The U.S is a moderately large country with a big agricultural plan. One of the many things America produces is wheat. In fact their wheat exports are one of the biggest in the world. A big problem in the United States is their trade deficit because of many large imports from other countries.
The U.S.A sends out many exports such as: Canada's World Trade Geography Chapter 6: What is Balance of Trade? China Japan has to import almost all of the mineral and energy resources, but has developed into a huge industrial and technological resource. 97% of Japan's exports are manufactured like: machinery, cars, and electronics. The country Japan is quite crowded, but the population rarely increases. Because of this the workers become older and have hardly any younger workers. Japan Like Germany, the UK has limited access to natural resources. Although, they have a large amount of energy (i.e. oil and natural gas). Their agriculture is very effective and produces about 60% of the nations food needs. United Kingdom has a large percentage of its factories outdated, that is why they buy more machinery, cars, and other products from European countries close by. They do this more often than they sell to them that is why they have a growing trade deficit. United Kingdom Canada ranks behind France, Italy, and the Netherlands in World Trade. As a large country, we have many natural resources. Our top exports are lumber, aluminum, natural gas, petroleum products, and hydroelectricity. Canada is also one of the main resources of grain. We have a greater percentage of university/college educated young adult than any other country.
One of the most things Canada trades to the US are vehicle parts. Did you know? that 80% of Canada's exports go to the US. CANADA By Holly :D BY: HOLLY What Effects Do Global Trade Alliances Have? Germany has been the worlds biggest exporter since 2003 even though the access to natural resources is limited. The exports they sell mostly are man-made, such as: cars and machines. A way to see how strong the need for German products is by seeing their trade surplus of $216 billion. Also because of the lack of natural resources they have to import things like oil and natural gas. Imports Exports China has a wide range of natural resources. It is one of the highest exporting countries in the world due to the fact that they have cheap labour who make a lot of inexpensive products to export. China is always developing. In conclusion China's trade surplus is constantly growing. BY SAMI Canada's Trade Links Some countries have growing debts because they buy more than they sell. Their balance of trade is not good because they sell or import less then they can buy or export. this is called a trade deficit, and it has to be made up with cash or loan payments. Meanwhile, other countries have a trade surplus from importing less than they export. these countries are profiting from international trade. Refer to page 112 for a preview of 2 of the major trading countries. International Carriers Lots of products are transported between countries. the transportation chosen depends on the location of the trade partners and the type of material of the product. Countries in the same continent or relatively close to one another can use trucks and trains to move products. Energy supplies can move through electric power lines or pipelines. Trade oversea is a completely different story. Cargo vessels, supertankers and container ships can transfer cargo across the ocean. Planes can also carry light-weight, expensive goods such as diamonds or gold. SUPERTANKERS Supertankers are the biggest ships ever built. Sometimes they are CONTAINER FREIGHT ELECTRIC POWER LINES What is the WTO? - WTO Stands for World Trade Organization
- The WTO was formed in 1995
- 151 countries are joined in the GTO including Canada
- The WTO promote free trade. They do this by convincing countries to put an end to tariffs and other trades restrictions.
- Put an end to trade talks What is NAFTA? - NAFTA stands for North American Trade Agreement
-Is a trade agreement linking Canada, the U.S.A., and Mexico in a free trade group
_ Signed in 1994. larger than 4 football fields!
Supertankers are used to
transport oil across oceans. Because they are
so big it is inexpensive. But, environmental damage occurs if the oil spills. In 1989, one ship called the Exxon Valdez spilt almost 40
million litres of oil in the Alaskan coast. Canada's major container ports are located both on the Pacific and Atlantic coasts. Standard-size metal cargo are used for international cargo because they are flexible and secure. They are easily transferred from the ships onto trucks or rail cars. Cargo is not lost frequently because they have a GPS to track each container. But since all of the cargo are stored high up, they usually break or topple over in storms. Energy is a huge part of trade. Natural
gas and oil flow through pipelines, but electricity also passes through borders. Ontario and Quebec have power plants that sell surplus to nearby states in America. Their systems are connected all in one power grid. There was a major power failure in August 2003 in Ohio, this caused huge blackouts all across north America. In Canada, trade alliances were formed with the
aboriginals, and then later with the First Nations and European Traders. Now, Trade alliances are very valuable in the global trade wars. They also have big affects on the canadian economy. The European Union In 1945, Europe's economy was in very bad shape. Two world wars left countries in huge debts. By 1957, France, Belgium, the Netherlands, Luxembourg, West Germany, and Italy were joined together in the European Economic Community (EEC). It was a free trade union- raw materials, manufactured products and services were transported freely without tariffs or duties. The European Union is a prime example of a trade bloc, a large area operating under a free trade agreement. The European Union OPEC: Controlling an Energy Source The Organization of Petroleum Exporting Countries (OPEC) is an alliance of 12 nations that rely on oil exports. Put together these countries control 70% of the world petroleum reserves. Petroleum is a good energy resourse that every country should have. OPEC contains a large percentage of petroleum. This group of powerful suppliers is called a trade cartel. Canada has the world second largest oil reserves
Our economy is benefited directly from the price of oil. Although consumers see high gas prices they are economic benefits for some provinces. THANKS FOR WATCHING!!!!!