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.
Nobody downloaded yet

Why cant Canadians compete with lower labour cost countries such as India and China - Term Paper Example

Comments (0)
The ever increasing global business environment has made several countries adopt strategies that would enable them survive the cut-throat global competition. Low-cost nations such as India, Brazil, Thailand and China offer low…
Download full paper
Why cant Canadians compete with lower labour cost countries such as India and China
Read TextPreview

Extract of sample
Why cant Canadians compete with lower labour cost countries such as India and China

Download file to see previous pages... It is very difficult for Canada to be a manufacturing powerhouse like India and China. As of 2012, the 486.6-million Indian labor force makes it the globes second largest. Besides, the telecommunication industry in India is the world’s fastest growing. After the quarter of 2013, India became the third largest market for smartphones globally after China and the United States of America (Drèze & Amartya (2013). In terms of the gross domestic produxt, by 2013 China had become the globe’s second largest economy. On the other hand, China has been the globe’s manufacturing hub, leveraging its cheap labor in order to dominate global trade, especially the nation’s exports (Sang, 2013).
In order to compete in the international manufacturing stage, Canada needs to differentiate itself from its competitors by making maximum use of its strengths. This will build ensure that it gains some steps in becoming a manufacturing powerhouse. China and India do not view Canada as a competitor because they have the capability to respond rapidly to the ever changing business environment and offer customers with what they need (Sexton, 2007).
Chinese and Indian manufacturers have a vital strength in providing work that is customized together with services in order to meet the market requirements more flexibly than manufacturers in other nations like Canada. To attain this crucial strength (Scianna, 2014) argues that Canadian manufacturers need to invest in innovative technologies. Compared to low-cost nations like China, India, Malaysia and Brazil, the manufacturing sector in Canada is nowhere as big as other nations. In order for the Canadian manufacturers to stay in business competitively, the machine shops not only need to have the right equipment, but also make products for cost effective unit prices.
Scianna (2014) noted that the most outstanding difference between Canada and its ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Labour Market Segmentation Theory
This result in distortion when prices and quantities are considered in wages paid to workers and jobs they are allocated to. Both labor market discrimination and labor market segmentation are products of market failure in the labor market. Labor segmentation tries to explain “economic marginalization on the lines of racial and ethnic minorities, gender, and the class to which the worker belongs” (Garnsey & Zablocka, pp.
1 Pages(250 words)Term Paper
Case analysis - Coke and Pepsi learn to Compete in India
The following literature would shed particular light on introducing the two company campaigns used to penetrate the Indian market and the problems faced in doing this. This paper would also give appropriate suggestions to those highlighted difficulties and hence come up with possible and alternated solutions while simultaneously providing other recommendations as well.
3 Pages(750 words)Term Paper
Infrastructure Issues in India
The country needs to develop a coherent elevation policy to improve its infrastructure quality to enhanced standards that can successfully support growth and economic development. When compared to China, India’s infrastructure is quite poor weakening the country’s economic expansion endeavors.
5 Pages(1250 words)Term Paper
Arranged Marriages in India
The institution of marriage takes a prominent role in all cultures. Over the years research on marriages across cultures show that people who are wedded tend to be more satisfied with their lives. Yet, very limited research has been done on the aspect of fulfillment and satisfaction that arises from marriages across Eurasian cultures.
8 Pages(2000 words)Term Paper
Cost Management
Keeping fixed cost at the minimal through downsizing and resorting to outsourcing are the important strategic considerations that the companies usually make. The paper explores some of the important cost management strategies in the ensuing paragraphs. Fixed Cost versus Long Term Survival Ciccotello and Green (1995) argue that there are many similarities in private restructuring and those undertaken by the government, especially in the Defense Establishments.
8 Pages(2000 words)Term Paper
The effect of garlic supplementation on lower high blood pressure and lower cholesterol level
This project will focus on the relationship between garlic and the two health problems. In addition, it will give way to the collection and analysis of data from appropriate sources in order to answer the research problem. This will increase the medicinal effectiveness hence the release of many people into the service of the economy.
12 Pages(3000 words)Term Paper
Opportunity Cost
Opportunity cost is one of the topics in microeconomics that focuses on situations whereby investors have to make important decisions regarding allocation of the available resources. Government taxes and levies have been highlighted as some of the factors that lead to scarcity of resources portrayed in the paper as a major constraint.
7 Pages(1750 words)Term Paper
The BRIC (Brazil, Russia, India and China) countries are increasingly important in international business. In this case briefly describe the economy of the BRIC countries and identify reasons why the BRIC countries are growing in importance
This acronym was first conceived back in 2001 by Goldman Sachs’ chief economist, Jim O’Neill (Kowitt, 2009). The events of 9/11 set of a chain of events that led to O’Neill writing a paper in November of that year about the massive economic potential that these four
10 Pages(2500 words)Term Paper
The presence of cheap labor in the country has increased industrial productivity; hence better economic performance. In fact, the age-group that determines the economic performance of the country is usually the working group. These are people between the ages
3 Pages(750 words)Term Paper
Oppurtunity Cost
ges in government policies to ensure more than 80 percent of their electricity sourced from renewal energy and more than 40 percent of their total energy form green energy sources (194). The article indicates how these charges in energy consumption have affected the country’s
3 Pages(750 words)Term Paper
Let us find you another Term Paper on topic Why cant Canadians compete with lower labour cost countries such as India and China for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us