Global Business Management

Canada, world’s second largest country by total area, is occupying the most of North America, surrounded by Atlantic Ocean in the east, Pacific Ocean in the West, Arctic Ocean in the North and America in the South. Formed in 1867 by British and French colonies, Canada is governed as parliamentary democracy and constitutional monarchy under Queen Elizabeth II. It’s a diversified economy, with major trades with US, G-20 and NATO countries. Dominated by service sector, Canada is the tenth largest economy in the world, and member of G-8 countries.

Its political environment is very much influenced by British and French laws, with a strong tradition of loyalty, cooperation and patience in its politics. With population of about 34 million, Canada has literacy rate of 99% (Source: UNICEF). Out of every 100, 73 people are internet users. About 7 million people are under 18. Toronto is its most thickly populated metropolitan area. With 49% males and 51% females, Canada has a population growth of 5. 4% (Source: Census 2006). Apart from local Canadians, its population consists of 23 other ethnic origins.

Official Languages of Canada are English and French. Apart from these two, there are eight different languages spoken at work. Similarly, its traditions are enlisted under the ethnic group it belongs to. For all ethnic groups, Thanksgiving Day is celebrated on second Monday of October annually. Socially, over the last few years, Canada has witnessed considerable change. With bicultural withholdings, Canadian people are mainly influenced by British colonization and French settlements. US also have a strong impact on its culture.

Household wellbeing has increased over the year, and dependency ration has declined (Araar, 2008). This portrays the growing independence culture, and urgency of each person earning his own bread. There has been an increase of about 10% in the rich Canadian class, and many people have moved to middle class from poor (Araar, 2008). Hence, inequality in income distribution has decreased, resulting in more convergent distribution of income among people. Overall standard of living has improved, consequently. But still, operating in Canada has many informal trade barriers.

Most prominent of them are internal trade barriers between its ten provinces; more concentration on international import than domestic trading; and the involvement of politics in maintaining provincial protectionism. Moreover, unequal distribution of wealth amongst the provinces is also limiting the trade. Formally, there are import taxes, border charges and quota systems that are limiting the free trade amongst Canadian provinces. Moreover, Labor laws are provincially regulated, with ninety percent population regulated under it. Only 10% labor comes under federal law. (Source: Labor laws of Canada)

With such high literacy rate, Canada is preparing its future generation to enhance its economy. It represents good potential for many service oriented businesses as Canadian economy is primarily based upon it. Moreover, placement of any manufacturing business would be a big hindrance, as most of the people prefer servicing jobs. Inter provincial barriers would also restrict the movement of goods; hence businesses must setup in the areas that provide ease to transportation facilities and local resources. For companies focusing upon outsourcing, Canada could be a good option to outsource services mainly.

References Araar, Abdelkrim (2008) Social classes, inequality and redistributive policies in Canada August 16, 2010 from http://www. cirpee. uqam. ca/JOURN%C3%89ES_2008/SocClassCan_Araar_2008_08. pdf Buzzle (2010) Canadian Culture and Traditions. August 16, 2010 from http://www. buzzle. com/articles/canadian-culture-and-traditions. html Go Canada (2010) Public holidays in Canada. August 16, 2010 from http://gocanada. about. com/od/publicholidaysincanada/Public_Holidays_in_Canada_Dates_Traditions_of_Holidays_in_Canada. htm Sands. C. (2007).

Canada’s Problem: Domestic Trade Barriers. August 16, 2010 from http://www. american. com/archive/2007/may-0507/canada2019s-problem-domestic-trade-barriers/ Statistics Canada (2009) Ethnic origins, 2006 counts, for Canada, provinces and territories – 20% sample data August 16, 2010 from http://www12. statcan. ca/census-recensement/2006/dp-pd/hlt/97-562/pages/page. cfm? Lang=E&Geo=PR&Code=01&Table=2&Data=Count&StartRec=1&Sort=3&Display=All&CSDFilter=5000 UNICEF (2010) Canada Statistics. August 16, 2010 from http://www. unicef. org/infobycountry/canada_statistics. html