Shaping the Development of Business in Canada Essay

Shaping the Development of Business in Canada - demonstrate ExampleAdditionally, Canada enjoys a better market environment that emanates from political stability and pleasant political science policies on personal credit line. All these factors promote the development of craft in Canada. Hence, despite the growing market competition, business in Canada is vibrant and plays a fundamental role in the economy. Foreign enthronization is also a fundamental aspect in Canadian business. Many Canadian companies have adopted a corporate system to venture international investment with an aim of increasing their competing advantage in the global economy (Foreign personal matters and International Trade Canada 1). Actually, the total value on Canadian strange investment supersede that of outside direct investment in Canada since 1997 (Lennox and Bow 150).Foreign investments in Canada promote access to overseas markets, access to to a greater extent resources, reduce input costs, new tec hnologies, and provide better support to foreign customers (Frigon 1). Indeed, foreign investment in Canada is both direct and portfolio with both types bringing significant contribution to the Canadian economy. Actually, foreigners who enjoy the annual interest, income, and dividend payments largely control Canadian economy. This draws the significance of foreign investment in shaping business in Canada. In addition, resultant technological advancements, new management ideas, and implementation of international switch policies will benefit and trope business in Canada. This guarantees higher productivity, increased exports and employment, superior competitiveness, and rampant growth of the Canadian economy. However, these investments are at risk of political instability, expropriation, uncertain regulations, and weak... This essay approves that the government has adopted and negotiated international agreements that govern international trade and foreign investments. For example, the government of Canada adopts a policy of negotiating and adopting the Foreign Investment Promotion and Protection Agreement that governs reversible trade activities. Actually, Canada its FIPA model in 2003 with an objective of enhancing clarity in the substantive obligations, disciplining and improving efficiency in the dispute settlement procedures and promoting certainty and transparency in its business environment. The participation in foreign investment guarantees access to diverse markets, new technologies, reduction in input costs, and availability of business resources. These factors lead to business profitability and further business development.This report makes a conclusion that there are a add of features that would significantly shape the development of business in Canada such as Canadas storehouse of resources, foreign investment, government policies, the role of entrepreneurs and family firms, big business, and banking and finance. However, though all these featu res are relevant and significant in this context, government policies stand out as the most significant feature. Additionally, there are various government policies relating to business regulations, financial support, international agreements, registration, licensing, and legislations that take important roles in shaping development in business. These policies are subjugate to changes and apply selectively. All government policies aim at developing domestic and international e- commerce in Canada.