Foreign Trade and International Relationships

What is Peacemaking

_Peacemaking occurs where there has been no peace agreement and military operations may be necessary to create peace

Foreign Aid: 

the voluntary transfer of goods or services from governments, international organizations, or NGOs to other countries

Official Development Assistance (ODA): 

One of the ways in which Canada and Canadians help those in poorer countries

Non-Governmental Organizations (NGOs):

Provides a wide range of aid around the world

Globalization: 

_Borders between countries are becoming less important as the world operates increasingly as one unit

 

Multinational Corporations (MNCs): 

_Operates across the entire world because they are able to move their operations from place to place as they see opportunities emerge

List 4 principles that govern the activities of CIDA (Canadian International Development Agency) 

1. Deal with poverty first 

2. Help people to help themselves 

3. Promote development 

4. Build partnerships 

Trade Surplus: 

When the value of exports is greater than the value of imports

Trade Deficit: 

When imports are higher than export

Net Exports: 

The amount by which exports exceed imports

Net Imports: 

the amount by which the total exports are subtracted from the total imports__

Import Substitution: 

When you choose to buy a Canadian-made product instead of a foreign one_

Tariff: 

A tax on an import_

Protectionism: 

A government's policy of using tariffs and having rules that limit imports_

Free Trade: 

A government policy that eliminates tariffs and other laws designed to restrict trade

Why must Canada export and import? 

Canada must export and import because without imports and exports, we wouldn't have high-technology products, goods that are produced in certain climates, motor vehicle parts, low-cost goods, and many more.  Imports and exports give us the basic needs that we use today.