StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Canada's Prosperity at Risk - Essay Example

Comments (0) Cite this document
Summary
Prosperity Challenges of Canada Introduction Prosperity of nations does not depend on the abundance of the revenue of the nation. The prosperity of a nation also does not depend upon the strength of the military of the country or the beauty of the public buildings of the nations…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
Canadas Prosperity at Risk
Read TextPreview

Extract of sample "Canada's Prosperity at Risk"

Download file to see previous pages The country at the focal point of the study happens to be Canada. Canada is one of the most developed and richest countries in the world. The country is blessed rich natural resources and has a diverse and highly educated population. However, the country is going through a phase of change and facing certain challenges on various fronts which could reduce the prosperity of the nation. (Cowan, 2005). Based on in depth research it has been decided that the country faces prosperity challenges in the domain of infrastructure, innovation, demographics, natural resource, government regulation and politics. From an infrastructural point of view it is to be said that the cities of Canada are at the cross roads. The government of Canada does not have any strong agenda on the infrastructural commitments. From the perspective of innovation the prosperity of the country is threatened on three fronts such as the global competition, demographics and productivity. There is very little doubt over the fact that China has a population which is highly educated and skilled. But from a demographic perspective off late the country has been facing a problem of aging population. As mentioned before, Canada has been blessed with rich and large amount of natural resources. Such resources are used for the production of energy which also happens to be a major contributor to the overall GDP of the country. But the growing demand of power has been creating a misbalance in the ecosystem. Also another major problem faced by the country has been the fact the present government regulations are believed to be quite complex and lack robustness. On the political fore front there lie various political complexities especially in the domain of taxations. The present looks to critically analyze all the cause and effects of the challenges mentioned above and looks to propose probable recommendations to over the challenges (Henry, 2008). Cause and effect From the perspective of innovation one of the major challenges faced by the country is the transformation face of the global economy. The global economy is still looking to recover from the after effects of the 2008 recession. Also the economy is going through a transformation phase due to the rise of the emerging economies like china, India, Brazil, etc. This most certainly creates opportunities for the exporters and investors of the country. But the continuous expansion of information and technologies would lead to a high value knowledge network. As a result each and every Canadian enterprise is faced with new levels of intense competition. Just like some of the other developed countries one of the major problems faced by the country is of aging population. The increasing number of proportion of senior citizens would add to the demand of the demand of services in the public domain, especially health care. Also aging the population would mean that there would less number of working and taxpaying Canadians. However, the biggest challenge would come in the form of its effect on the labour market; which would be discussed later (Burgemeister, 2003). Also the innovation of the nation would depend upon the growth of the productivity. However, the recent performance of Canada leaves a lot of scope for improvement. Over the last decade or so the productivity grew by just 0.7 percent. This is far below as compared to other developed countries like USA if the rate of growth in productivity in the near future then the potential economic growth of the ...Download file to see next pagesRead More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Canada's Prosperity at Risk Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Canada's Prosperity at Risk Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/geography/1479453-canadayies-prosperity-at-risk
(Canada'S Prosperity at Risk Essay Example | Topics and Well Written Essays - 2250 Words)
Canada'S Prosperity at Risk Essay Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/geography/1479453-canadayies-prosperity-at-risk.
“Canada'S Prosperity at Risk Essay Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/geography/1479453-canadayies-prosperity-at-risk.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Canada's Prosperity at Risk

Risk Management of Space Tourism

The necessitates that adventure tourism is encouraged but after incorporating certain lessons learned in the process. Adventure tourism has led to advancements in technology. The economy of the region experiences growth and the cultural identity of the region remains intact. Risk and safety management has to be enforced through Codes of Conduct which could differ across sectors. Space tourism will result in positively impacting the economy and society while the environmental impact is minimal. Risk management, in this case, has been taken care of and this could bring about an absolutely new dimension in the field of adventure tourism.

The human mind is creative and forever looks for change, challenge, and adventure. Hum...
12 Pages(3000 words)Case Study

S&T Debt Factors

The agreement contains a credit default contracts that include credit default swaps, default index contracts, credit default options, and credit default basket options. One can use these as part of the mechanism that is collateralized by debt obligations. The goal should be to establish a price for a given risk and controlling credit based on risk. The credit can be allowed by minimization of risk. Credit controllers should develop versatile tools that transfer risk away from a lender’s balance sheet.
d) With reference to the proposed debt counseling business, illustrate and explain exactly how you would organize the debt counseling operation, taking particular care to explain how and when you would receive payment for...
6 Pages(1500 words)Case Study

Prosperity Coalition

After delivering all these concepts clearly, the paper aims to describe how the prosperity coalition is affecting the rights of the public, employees and the political structure of the country. With these understandings, it is then shown what should be the action of government towards the concept of the prosperity coalition and how the government should take great care of the rights of employees, public and towards the country environment and politics. Finally, these ethics also remain a problem for the firms as they hinder their own success while working in China. Therefore, a description of the negative impact of these ethics is also provided by the paper.
Ethics remains an important issue for foreign direct investors as th...
9 Pages(2250 words)Assignment

Project Risk Assessment: Qualitative Versus Quantitative Approach

The risks may vary in terms of nature or scope according to the situation. So since the risk is so common in project management, a very important aspect of managing a project is analyzing all the possible risks that are associated with that particular project. It makes no sense of going on with a project and not giving a thought to the risks that could affect the success. Once these risks are analyzed, the project manager will have all the possible risks in front of him. He will know the degree of risk and also the benefits that the organization will get if the risk is taken. Therefore only after a risk analysis, the project manager is in a position to conclude whether or not it is worth taking the risk and going on with a certain...
6 Pages(1500 words)Assignment

The Relationship Between Security, Risk and Health in a Large Organisation

... but their co-existence is not quite calm. All these concepts have a series of demands that need to be addressed by firms’ managers – either in the short or the long term in order for the organizational activity to progress without delays. Works Cited Bradford, M. (2007) Personal credit information - Privacy and information security issues — the Experian view. Business Information Review, Vol. 24, No. 4, 253-256 Brewer, B., Huque, A. (2004) Performance Measures and Security Risk Management: a Hong Kong Example. International Review of Administrative Sciences, Vol. 70, No. 1, 77-87 Cooper, M. (2008) The inequality of security: Winners and losers in the risk society. Human Relations, Vol. 61, No. 9, 1229-1258 Flin, R., Yule, S. (2004...
9 Pages(2250 words)Coursework

Heavy Menstrual Bleeding, Its Treatment and Risk

... of Faculty of …….. Heavy Menstrual Bleeding, its treatment and risk Case Study of the patient of patient: Diagnosis of patient: Multiple fibroids in the intramural and sub serous walls. Differential Diagnosis: Dysfunctional Uterine Bleeding, Chronic PID, Hypothyroidism Complications: Anaemia, Uterine Obstructions ( hydronephrosis) Name of Student: Group No: Date: Heavy Menstrual Bleeding The case history of the patient indicates many details that are very useful in diagnosing and providing the adequate medical assistance...
6 Pages(1500 words)Case Study

How Did Radio in the 1960's Mark the Changing Social Order in the UK and US

...How did radio in the 1960s mark - and even actively promote - the changing social order in the UK and US? The 1960s saw perhaps the greatest social changes in history. For the first time young people and their parents were divided. They had different cultural ideas and little middle ground to understand each other. The music tastes, social conventions and political beliefs of the older generation had been violently rejected by a disaffected youth which sought to establish a new social order. These were times of change, times of disaffection and times in which a whole new social network was being established. This took the form of underground movements, independent press and pirate radio. This essay will focus on this final tool... did radio...
7 Pages(1750 words)Term Paper

The Issue of Business Risk

The new approach was based on assessing the risk in business as well as process level risk while performing the audit and as such, the fundamental process of performing audit took a new turn to accommodate the changes that are perceived to take place in the 21st century.

There are many studies including Humphrey, Jones, and Khalifa that assess the impact of this approach on the actual audit engagements and as such discussed at length as to what is being done and what is required further to make this practice more effective to cater to the needs of the modern business practices. Further studies also indicated the overall effectiveness with which this new methodology has been implemented by the audit firms while conductin...
6 Pages(1500 words)Literature review

The Fundamental Issue of Homelessness in Canada

...Homeless, not helpless Introduction: Homelessness is not a new phenomenon in Canada. The fundamental issue of homelessness is the lack of housing facilities that the poor can afford. Canadians are usually very insufficiently housed and this leads to the risk of many people being homeless. Homelessness is a political and a social problem in almost any economy. (3) Homelessness refers to a situation where the people do not have a place to live, lack access of regular housing facilities. Any individual with no access to housing will be considered houseless or homeless. (3) Statistics: The Toronto reports an estimated 32,000 people homeless in Canada in the year 2004. The Toronto emergency shelters had on an average 6500 people every single...
6 Pages(1500 words)Case Study

Risk Management

Financial risk is the risk of getting losses because of market changes or the operations of competitors in the market (Das, 2006 ) On the other hand, operational risk refers to those risks of losses due to non-financial business inputs, outputs, and operations. Operational risk can be further classified into pure and speculative risks. Pure risks are those that on occurrence lead to loss and if they do not occur, they would not lead to any profits either. Speculative risks are those kinds of risks whereby on occurrence they lead to a loss but when they do not occur, they lead to profits (Das, 2006). These two kinds of risks occur on a daily basis in any market situation and each business unit needs preparation for them.
Many...
7 Pages(1750 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Canada's Prosperity at Risk for FREE!

Contact Us