whats causing manufacturing decline

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7 Terms

1
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Economic cycle

Economies are always going through cycles

2
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Integrated global marketplace

Canadian manufacturers are competing on an increasingly global, global free trade marketplace. Good for large companies and consumers.

3
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Comparative advantages

A situation in which a company is better off focusing its efforts in field where it is most competitive.

4
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Dutch disease

A situation in which the value of a country’s economy is driven up by the growth of exports of natural resources such as oil or ming.

5
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Canadian loonie increases

Manufacturing decreases

6
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Canadian loonie decreases

Manufacturing increases

7
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Rise of east Asia

Cheaper labour, now moving to more complicated