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Globalization In Canada Essay

644 Words3 Pages

Prior to analyzing the impacts of globalization on the Canadian state, it is crucial to examine the nation’s situation before its presence. During the absence of the Europeans, primarily the English and the French, Canada’s economy was largely based on the trading societies of the Aboriginal peoples, farming, and hunting (Drummond, 2006, 1). In the 16th century, the presence of the English and French settlers resulted in the progression of economic development through the trades that occurred between the Europeans and the Aboriginal peoples. In 1760, the British dominance on the fur trades in Montreal resulted in an increase in population and attracted more people from Britain (Drummond, 2006, 1). Within the next couple of years, Montreal continued …show more content…

In the 1970s, industrialization and urbanization increased all over Canada with the assistance of the growing population and acceptance of immigrants (Drummond, 2006, 1). By 1987, both Ontario and Quebec’s economies became very urbanized, and service industries and occupations were the main targets for most Canadians (Drummond, 2006, 1). At the end of the 20th century, Canadian currency was relatively low compared to the U.S dollar due to the depression of commodity prices (Drummond, 2006, 1). In 2002, however, as commodity prices recovered, the Canadian dollar instantly increased and was at par with the U.S dollar (Drummond, 2006, 1). In 2007, the Harper government announced the importance in pursuing the new free trade agreements in order to support Canadian commerce overseas (Drummond, 2006, 1). In 2009, the Harper government successfully implemented free trade agreements with the European Free Trade Association, Peru, and Jordan (Drummond, 2006, 1). The two North American agreements were supposed to further develop the Canadian economy, but it did not bring the results the Canadian government pursued. Canada’s dependence on the U.S market resulted in 86 per cent of Canadian export within the first few years under NAFTA (Drummond, 2006, 1). The dependency on the U.S market convinced the Harper government to target agreements not related to the U.S, similar to what the Trudeau government had done under the Third Option initiative in 1972 (Drummond,

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