Essays /

Canadian Globalization Essay

Essay preview

Canada in the Global Village: Balancing the Costs and Benefits of Globalization

Canadian scholar Marshall McLuhan once said that the world is becoming more and more like a “global village,” each nation part of an increasingly interconnected society that stretches across national boundaries (6). Although he was talking about the role of new media in this change, he also was probably talking about the growing economic links that come with globalization. Globalization is a process that offers both the opportunity for a better world and the risk of destroying local communities, regional cultures, and entire natural environments. Over the last century, globalization has become a major issue in politics, environmental studies, and economics, touching every corner of earth as corporations spread. But Globalization is a broad term that does not necessarily mean one single thing. It usually describes the increasing interconnectedness of economies, political institutions, and individuals as the result of communication, transportation, and goods provided by multinational corporations. As Justin Ervin and Zachary Smith define it, “Globalization can now be seen as a process that ‘shrinks’ the world as human interaction ‘thickens’” (4). The effects of globalization are neither good nor bad; there are costs and benefits as with most things in life. What is certain is that no nation on earth has not yet felt the effects of globalization. One nation that has been particularly involved in and affected by globalization is Canada. Canada is a nation often overshadowed by its economically dominant southern neighbor, the United States. As the world continues to globalize, Canada’s role in this expansion is becoming increasingly important, and whether it will accept globalization entirely or continue to resist is a major point of debate. Canada has both embraced and rejected globalization: many of its corporations embrace it as a means of expanding, but many of Canada’s people fear the effects of globalization on local culture, the economy, and the environment. For Canada, globalization has brought both economic prosperity and a series of cultural and environmental problems. In an address to the Richard Ivey School of Business at the University of Western Ontario, Wayne G. Wouters, Clerk of the Privy council and Secretary to the Cabinet, there are five dimensions to globalization. First, “global capital markets now truly operate 24/7” and “perturbations in one country or sector may now be felt both near and far.” Globalization has made business both quick in time and geographically broad. Second, there are now “global supply chains” where products are made and shipped all across the globe. What started out as “outsourcing” in the 1980s became “off-shoring” in the 1990s, and now is called the “global supply chain.” Third, there is the “globalization of information,” an interconnected network of media and communication. Fourth, globalization raises environmental concerns. Last, there is what Wouters calls the “globalization of insecurity,” the idea that the future is even more uncertain in a world where everything is connected and nothing is stable for long. These dimensions highlight that globalization is seen in Canada as both a force for good and a problem. Throughout its history Canada has had strong ties to Europe and later to the United States. As part of the British Empire it was an important source of natural resources such as timber and ores. In recent decades, the Canadian oil industry has become increasingly important as well. Canada has the third largest oil reserves in the world after Saudi Arabia and Venezuela (Lewis and Moor). Other industries such as technology, chemicals, and manufacturing continue to make Canada a major player in the world economy. But what does the continued growth of Canadian industry and its own involvement with globalization do to its regional cultures? H...

Read more

Keywords

-09 -2007 -8 /2008/02/speeches/implications-globalization-econom /articles/globalization /library/publications/the-world- 1.5 100 12 14 15 18 19 1920s 1947 1960s 1974 1980s 1987 1988 1989 1990s 1995 1999 2000s 2001 2006 2007 2008 2012 2050 21st 24/7 30 4 40 43 481.7 500 6 62 70s abl abroad accept access accord across action activ adapt address affect afraid afterward agenc agent agre agreement ahead airport allow alreadi also although alway america american among annual anti anti-glob anti-market appropri arabia area argument around articl asian assess associ attempt attract averag avid azzi bad balanc bank barrier becam becom began behind believ belong benefici benefit better beyond big billion blame boom bottom bought boundari bring britain british broad broaden brought built busi buy cabinet call came canada canada-unit canadian capit capitalist care carney caus cbs cent centuri ceo certain chain challeng chang cheaper chemic china cia cite citi citizen claim clerk close coloni come commer communic communiti compani compar competet competit complet concern conduct confid connect constrain content continu contract contribut control cooper corner corpor cost could council countri cours creat crise crisi cultur current daili damag danger david deal debat decad declin decreas defin definit demonstr depend deputi describ destini destroy detail develop differ dimens direct disappear discontent discuss dislik dollar domest domin done doubl drive due earli earth easier econom economi effect eighth eleventh embrac emerg empir encourag encyclopedia end enjoy enter entir environ environment equal eras ervin especi essenti establish europ european even ever everi everyon everyth exampl exchang excit execut expand expans experi exploit export exposur extrem face fact factbook factbook/geos/ca.html fair fall famili far fear februari felt fight film final financi find firm first five flow follow forc forefront foreign former forth forward found fourth free freedom frequent fta fund futur g gatt gdp general geograph get give global globe glori go goe good got govern governor grant greater grew group grow growth hand hard headquart health hellyer high higher highest highlight histori home hope howev hub human hundr idea ident ignor ii imf immigr implic import improv increas independ india individu industri influenc inform insecur instead institut integr intens interact interconnect interconnected interest intern internet invest investor involv isol issu ivey job justin karl kept kill known labor larg largest last late later latin lead leadership led less level lewi liber life lift like limit link littl live local long longest look lose loss lower lower-cost machin made main major make mani manufactur march mark market marshal materi matter may mcluhan mean measur media member met metropolitan mexican might migrant migrat million mind minist minut mobil monetari money monocultur moor move movement mr much multilater multin must nafta nation nationalist natur near necessarili need neighbor neither network new newli news north note noth number ocean off-shor offer offset often oil one ontario open oper oppon opportun opposit option order ore organ other outsourc overal oversea overshadow overwhelm ozon part particip particular partner passag past paul pave peopl per percent percentag perspect perturb phone pierr place plant player point polici polit popul posit potenti poverti power powerhous presenc preserv pretti prevent price prime privi probabl problem problemat process product program promot prosper protect protest provid public quarter quebec question quick quota radio rais rapid rather ratifi raw real reason recent recognit recongn reduc region reject relat relentless relianc reloc remain rememb repair replac report resent reserv resist resourc respons rest restor result review revolut reynold richard richest richmond right riot risk road role roman russel sacrif safeti said saudi saw say scene scholar school seattl second secretari sector see seem seen sell seri set share ship shore show shown shrink side sign signific similar sinc singl smith social societi sometim sourc southern sovereignti specif spend spread squash stabl stage standard start state stay stephen stop strengthen stretch strike strong strongest struggl studi subservi success suffer suggest summit suppli support sure surplus survey take talk tariff tax technolog telephon televis tension term thicken thing think third though threat threaten three throughout tie timber time titl today took top touch toward trade tradit transport travel treati trend tri trillion trudeau true truli turn two ultim uncertain understand unemploy unit univers us usual valu vancouv various vast venezuela victim view villag violent vital vocal voic war warm watch way wayn weak web well well-connect western whether whole widespread within without work worker world worldwid wouter write wto www.bankofcanada.ca www.bankofcanada.ca/2008/02/speeches/implications-globalization-econom www.cia.gov www.cia.gov/library/publications/the-world- www.thecanadianencyclopedia.com www.thecanadianencyclopedia.com/articles/globalization year yet zachari