Impact of Globalization on the Economy of Canada

This article examines the impact of globalization on the economy of Canada. It discusses the positive effects on transportation, GDP, and labor markets, as well as the negative effects on health disparities and employment opportunities. The article concludes that globalization has both positive and negative aspects that need to be managed for the country's competitive advantage.

Running head: MANAGEMENT
Management
Name of the Student
Name of the University
Author note

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Thesis Statement
It has been seen and commented that although globalization has brought
overwhelming positive impact on most of the countries in terms of the economy, politics
along with culture, however on the other hand, there are few drawbacks which has been
caused due to globalization which have been showcased in the respective report.
Introductory Paragraph
Globalization is defined as the process through which the businesses or the other
companies try to develop international influence or start to operate on an international scale
as well. Moreover, globalization is defined as the process of integration along with
interaction among the people, governments along with companies in the worldwide that
played a major role in managing the business in various countries.
Main Arguments and Supporting Arguments
Argument A
Due to globalization, there has been high level of efficiency and reliability which is
maintained through harvesting the different natural resources. In Ottawa, the transportation
has been able to help in sustaining the economic growth along with maintaining competitive
advantages. With the help of globalization, it has been helpful for Canada to improve the
issues related to transportation.
Supporting Statement 1a:
In the respective article, it has been seen that globalization has undergone significant
impact on transportation and it has been helpful for the Canadian economy to increase focus
on health and wellbeing of the different individuals in the respective society.

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Reference 1a
Labonté, R., Cobbett, E., Orsini, M., Spitzer, D., Schrecker, T., & Ruckert, A. (2015).
Globalization and the health of Canadians:‘Having a job is the most important thing’.
Globalization and health, 11(1), 19.
So, what?
Therefore, from the above it can be concluded that with the transformation of the
aspect related to globalization, it has been helpful for the Ottawa economy to succeed in
reducing different disparities related to transportation leading to proper health and safety of
individuals.
Supporting Statement 2a:
Moreover, due to the proper application of the globalization concept, globalization is
considered as the international wave of change in Canadian countries that has been helpful in
improving the overall scenario appropriately.
Reference 2a
Lloyd, Douglas & Krista MacDonald, Anne. (2016). Thoughts on globalisation in Canada.
So, what?
Therefore, from the above it can be concluded that in the case of Canada,
globalization has been helpful in building relationship and it helped in the overall
development of the economy of Canada in a faster pace and created a free environment
wherein there is encouragement of free trade.

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Supporting Statement 3a:
There has been proper reconstruction of the overall political economy as well as
social identity in the 21st century wherein the different issues related to transportation has
been improved and it helped in gaining competitive advantage in internationalisation aspect.
Due to the rhetoric development of the economy, it has been able to be successful in
improving and encouraging free trade in the economy.
Reference 3a
Larsen, M. A. (2016). Globalisation and internationalisation of teacher education: a
comparative case study of Canada and Greater China. Teaching Education, 27(4),
396-409.
So, what?
Therefore, it can be inferred that globalization has been able to be successful in
reducing the different manipulation problems and it improved the business opportunities in
Ottawa economy.
Argument B
Globalization has created different kinds of impacts on the overall gross domestic
product and inflation related aspects of the economy of Canada in both positive as well as
negative manner. Due to globalization, there has been increase in the interdependencies of the
cultures along with societies and it led to positive impact on the life of the different
individuals as well.

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Supporting Statement 1b:
From the respective article, it can be identified that due to globalization, there has
been increase of global integration of the various economies as well as cultures through
international trade along with capital flows and it led to the overall success of the country.
Reference 1b
Leung, A. K., Qiu, L., & Chiu, C. Y. (2014). The psychological science of globalization.
Handbook of multicultural identity: Basic and applied perspectives, 181-201.
So, what?
Therefore, it can be concluded that globalization has created a positive impact on the
economy by developing and integrating the societies and economies in a proper manner.
Supporting Statement 2b:
There has been increased flow of the different goods as well as services which has
been possible for Canadian economy due to the significant transformation since the year
1970. Moreover, due to the transformation, there has been increase in the health disparities of
the individuals as well.
Reference 2b
Labonté, R., Cobbett, E., Orsini, M., Spitzer, D., Schrecker, T., & Ruckert, A. (2015).
Globalization and the health of Canadians:‘Having a job is the most important thing’.
Globalization and health, 11(1), 19.

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So, what?
Therefore, globalization has been able to be successful in reducing the different health
disparities and it has led to the increased scope of the different kinds of social spending and
taxation in the economy of Canada as well.
Supporting Statement 3b:
The economic globalization has played a major role in the economy which has been
helpful in developing the world progress at a faster pace and due to high incomes, it has been
led to lower maternal as well as infant mortality and it led to the overall success of the
country in gaining competitive advantage.
Reference 3b
Rodrik, D. (2018). Populism and the Economics of Globalization. Journal of International
Business Policy, 1-22.
So, what?
Therefore, it can be concluded that due to the effect of globalization, there has been
huge growth in the income of the different individuals and it has led to the successful creation
of common formats of payment in the overall society as well.
Argument 3
Due to the impact of globalization, there has been huge increase in the flexibility in
the entire labour markets and due to the changed landscape, the flexibility has been seen in
reducing the constraints in the overall movement of the workers in different kinds of jobs.

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Supporting Statement 3a:
From the respective article, it can be identified that global market integration plays a
major role in bringing flexibility in the working environment and improved the overall world
class development in Canada.
Reference 3a
Labonté, R., Cobbett, E., Orsini, M., Spitzer, D., Schrecker, T., & Ruckert, A. (2015).
Globalization and the health of Canadians:‘Having a job is the most important thing’.
Globalization and health, 11(1), 19.
So, what?
Therefore, it can be concluded that the flexibility in the economic aspects are essential
to improve the growth of the employment and other factors as well.
Supporting Statement 3b:
The respective article analyses that the there has been huge immigration among the
different individuals to Canada as there has been huge employment related opportunities that
has helped the country to become successful.
Reference 3b
Walsh, J. (2014). From nations of immigrants to states of transience: Temporary migration in
Canada and Australia. International Sociology, 29(6), 584-606.

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So, what?
Therefore, from the above it can be concluded that due to the globalization, it has
increased the overall growth of the employment and it has extended the different
opportunities and it has heighten the flexibility.
Supporting Statement 3c:
From the respective article, it can be analyzed that there has been anti-globalization
protest which led to the different issues in the countries and it has increased the movement
from modern to advanced modern society.
Reference 3c
King, M. (2014). From reactive policing to crowd management?: Policing anti-globalization
protest in Canada.
So, what?
Therefore, it can be concluded that due to globalization, it has encouraged the wealthy
than the poor and it led to huge issues for the poor as they struggle to get jobs and there is no
such prevention of consumption of resources.
Conclusion
Therefore, it can be concluded that globalization comprises of both negative as well as
positive aspects which should be managed by the different countries and it will be helpful in
gaining competitive advantage.

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Annotated Bibliography
Munjal, S., Budhwar, P., & Pereira, V. (2018). A perspective on multinational enterprise’s
national identity dilemma. Social Identities, 24(5), 548-563.
In the respective article, it can be identified that globalization plays a major role in
reducing the dilemma of the multinational company’s national identity which helped in
managing the different aspects in a smooth manner. Moreover, the article helps in analyzing
both negative as well as positive aspects of globalization such as increase in the foreign direct
investment and it is helpful in boosting the transfer of technology along with growth of the
different global companies in the competitive business environment.
Verjel, A. M., & Schmid, J. (2015). Possibilities of Increasing Business Sustainability in
the Context of Globalization. The Case of the SMEs. Procedia Economics and
Finance, 32, 716-720.
From the respective article, it can be identified that due to globalization, it is helpful
in bringing sustainability in the business that has been helpful in the overall growth of the
business and economy. Due to globalization, it has been helpful in opening up the global
economy along with there has been concomitant increase in the trade between two or more
countries which has been helpful in improving the scenario of the country.

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References
King, M. (2014). From reactive policing to crowd management?: Policing anti-globalization
protest in Canada.
Labonté, R., Cobbett, E., Orsini, M., Spitzer, D., Schrecker, T., & Ruckert, A. (2015).
Globalization and the health of Canadians:‘Having a job is the most important thing’.
Globalization and health, 11(1), 19.
Labonté, R., Cobbett, E., Orsini, M., Spitzer, D., Schrecker, T., & Ruckert, A. (2015).
Globalization and the health of Canadians:‘Having a job is the most important thing’.
Globalization and health, 11(1), 19.
Labonté, R., Cobbett, E., Orsini, M., Spitzer, D., Schrecker, T., & Ruckert, A. (2015).
Globalization and the health of Canadians:‘Having a job is the most important thing’.
Globalization and health, 11(1), 19.
Larsen, M. A. (2016). Globalisation and internationalisation of teacher education: a
comparative case study of Canada and Greater China. Teaching Education, 27(4),
396-409.
Leung, A. K., Qiu, L., & Chiu, C. Y. (2014). The psychological science of globalization.
Handbook of multicultural identity: Basic and applied perspectives, 181-201.
Lloyd, Douglas & Krista MacDonald, Anne. (2016). Thoughts on globalisation in Canada.
Munjal, S., Budhwar, P., & Pereira, V. (2018). A perspective on multinational enterprise’s
national identity dilemma. Social Identities, 24(5), 548-563.
Rodrik, D. (2018). Populism and the Economics of Globalization. Journal of International
Business Policy, 1-22.

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Verjel, A. M., & Schmid, J. (2015). Possibilities of Increasing Business Sustainability in the
Context of Globalization. The Case of the SMEs. Procedia Economics and Finance,
32, 716-720.
Walsh, J. (2014). From nations of immigrants to states of transience: Temporary migration in
Canada and Australia. International Sociology, 29(6), 584-606.