1. Globalization has allowed large agribusinesses to expand internationally by reducing trade barriers, improving technology, and increasing foreign investment. This has made food production more efficient and accessible. However, small local farmers struggle to compete, leading to their decline. While consumers gain more variety and lower prices, they may lose access to unique local products.
2. Outsourcing reduces costs for businesses, lowers prices for consumers, and boosts economic growth in developing countries. However, it leads to job losses in developed nations, forcing workers to retrain or accept lower-paying jobs. Whether outsourcing is beneficial depends on a country’s ability to create new industries and job opportunities.
3. Cheap imports benefit consumers but hurt local businesses that cannot compete on price, leading to job losses and economic decline in some sectors. Over time, communities may become reliant on foreign production, reducing domestic industrial diversity and economic resilience.
4. Natural disasters damage infrastructure, disrupt industries like agriculture and tourism, and increase government spending on recovery efforts. The government can mitigate these effects by investing in disaster-resistant infrastructure, emergency relief funds, and climate adaptation policies.
5. In the short term, exports decline, businesses cut jobs, and consumer spending falls. In the long run, government debt may rise due to stimulus measures, and economic recovery may be slow. Canada can lessen these impacts by diversifying its economy and maintaining strong fiscal policies.
6. Canada can address the debt crisis by supporting international financial organizations, adjusting trade policies, and maintaining economic stability. While this may enhance Canada’s global influence, it also risks financial exposure if global markets remain unstable.
7. The government justified the bailout to prevent massive job losses and stabilize the economy. In the short term, it preserved thousands of jobs, but it did not fully address long-term competitiveness issues in the industry.
8. Dependence on Middle Eastern oil exposes Canada to price volatility and political instability. To reduce these risks, Canada can expand domestic energy production, invest in renewable energy, and develop alternative energy partnerships.
9. Boycotts can pressure companies to change, but success depends on widespread participation and long-term commitment. Large corporations often try to manage public relations rather than make meaningful changes unless the boycott significantly affects their profits.
10. Social media amplifies awareness, mobilizes supporters, and pressures companies or governments quickly. However, movements often lose momentum over time, and real impact depends on whether people take consistent action beyond online activism.
11. Idle No More has successfully raised awareness about Indigenous rights and environmental concerns, gaining international attention. However, its long-term impact on policy and environmental protections remains limited, as government and corporate interests often resist change.