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How International Business Helps Canadians
Transcript of How International Business Helps Canadians
than the investor to control some or all of the business’s
Portfolio Investment – The purchase of stocks, bonds, and other financial instruments issued by
Foreign investors provide capital for expansion, innovation, and exploration
Capital investment creates other jobs in construction/sales/office management. Trade our surplus products for surplus products of companies in other countries
Adds revenue to GDP
Spur of foreign competition: foreign competition will encourage domestic producers to increase efficiency. Other Benefits Chapter 1: Introduction to International trade
How International Business Helps Canadians
Pg. 24-27 Workers are paid lower wages in many developing countries and as a result companies can spend much less money on wages by operating factories in those countries Factories and offices can take advantage of lower-priced goods.
Lower prices of products = Expand its business = More jobs created International business provides Canadians with a wide variety of products and services to choose from. There are variety of different brand of clothing, cell phones, laptops and many more in Canadian stores that were made from countries around the world such as China, India and the Philippines An increase in profit allows for more money spent on research to create new products and be more competitive internationally. Businesses hire engineers and scientists and it helps to keep highly educated professionals in Canada instead of going to other countries
•Canada has a population of about 34 million people and the United States has a population of around 310 million people.
•Businesses would want to expand its product or provide a service to people in the United States where sales could grow drastically. The expansion of businesses will benefit Canada because the success in the US would affect the whole supply chain. Eg. Tim Hortons expands it’s restaurants to US where demands for there different kind of food/beverages increase. In order to meet the increased demand, Tim Hortons must hire more people and buy more products where their supplies are sourced from Canada.
Suppliers’ business increase = Hire new people
Applies to any other Canadian businesses & companies Development of new technology promotes competitiveness/profitability
Easy to find other firms around the world that may have more modern, more efficient, and even more economical machinery for your business
Innovative Engineered Systems, LLC (United States)
LAMBDA Laboratory Instruments (Switzerland)
RO Automation (Philippines)
Spotlit Co. Ltd. (China)
Total Technology Pte. Ltd. (Singapore)
Transformix Engineering (Canada) New Processes and Technologies The primary advantage of having an international business is gaining access to a larger pool of customers. While the United States is a big and potentially profitable market, hundreds of millions of well-earning potential customers live outside American borders and would probably be every bit as interested in quality products or services. An added benefit to having an international business is that more money will be earned in foreign currencies, helping to offset the risk of a falling U.S. dollar. Manufacturers also benefit from having clients in foreign countries because they'll often buy products at different times of the year than domestic customers, potentially allowing producers to keep their factories operating at full capacity all year. Conclusion