Canada

Executive Summary for Canada

Canada is situated above the U.S.A. It is an affluent, high-tech industrial society much like the United States. Canada's market-oriented economics system, pattern production, and high living standards are almost identical to that of the United States. There has been a huge growth since World War 2 in manufacturing, mining, and service sectors that has transformed the country from a large rural economy, into a primarily industrial and urban economy. The real rates of growth for Canada have been 3% since 1993. The unemployment rate is falling and government budget surpluses have been used to reduce large public sector debt. NAFTA, and the FTA have sparked a dramatic increase in trade and economic integration with the U.S. Canada has an abundance of natural resources, as well as a skilled labor force. This makes Canada enjoy solid economic prospects. Only two shadows loom on Canada: The continuing problems with English and French speaking areas, which may mean a possible split. The other concern is the consistent flow south of professional persons lured by higher pay, lower taxes, and immense high-tech infrastructure. The GDP is $774.7 billion (est. 2000). The GDP per capita is $24,800. The composition of the countries resources are, 3% agriculture, 31% industry, and 66% services.

The average household income consumption percentage for the lowest 10 percent is 2.8 percent. And for the highest ten percent it is 23.8 percent. The inflation rate is 2.6% as of 2000. The Canadian labor force has 16.1 million people in it (2000). The labor force by occupation is 74% services, 15% manufacturing, 5% construction, 3% agriculture, and 3% other. Canada's budget is 126.1 billion dollars and the industrial production growth rate is 4.5%

Some transnational issues that include Canada's economy are the production of illicit drugs such as cannabis. The use of hydroponics technology permits growers to plant large quantities of marijuana indoors. Another problem is that Canada is a major transit point for heroin and cocaine entering the United States. Overall though Canada's executive plans have been almost exactly the same as the United States. The United States has been a blueprint for the up and coming Canadiens.