Business and Canadian Government Policy - International Trade Policy Term Paper

commerce and Canadian G all overnment Policy - International Trade Policy - Term Paper ExampleCountries that were comprehend as being underprivileged or deprived had emerged as potential global powers within a very short span of time. Such a development has been possible only due to dispatch or partial dissolution of trade barriers binding the movements of goods and services between national boundaries. In addition, the nations no longer need to suffice their fundamental needs all by themselves, post globalisation. In fact, they stooge specialise in producing goods where they enjoy a comparative advantage over others such a stance can lead to efficient allocation of resources that facilitates cost efficiency as well.Quite surprisingly south-east Asian nations, which had in the first place resorted to agriculture as their forte, emerged as global powers engaging themselves in industrial outturn as well. Such was their evolution in the area that they soon gained a comparative a dvantage over numerous chronically known industrial economies, hence capturing a chunk of the market share. Gradually, their potentials came to the forefront and many developed nations, awed by their reserve stocks, decided to enter into pacts with them. Such a nation is Canada that latterly has been considering prospects of entering into coalition with South-East Asian nations like China and India. This coalition will target primarily upon digging up new investment prospects in these developing economies. Given the availability of cheap factors of fruit (that leads to comparative advantage) possibilities of reaping a fat profit margin is supposed to be an almost obvious phenomenon. However, panoptic research is necessary prior to taking a step ahead in the area, especially since it involves the forthcoming of a nation.Recent political developments between developing nations like India and China with Canada have reported minutes about Free Trade Agreements between the economie s. The US financial crisis has taught Canada a lesson in a rugged way about not to depend much upon its