Question

What do you think Canada’s comparative advantage is? Discuss.

Answer 1

The comparative advantage of Canada is in merchandise and enterprises concentrated in normal assets. In any case, Canada likewise has the most noteworthy portion of laborers with postsecondary instruction among the OECD nations. The portion of Canadians with a college degree is beneath that of the U.S., its significant exchanging accomplice, however, Canada surpasses every single other nation once different types of postsecondary instruction are incorporated. In this way, human capital may likewise be required to be a developing wellspring of Canada's similar favorable position.

The comparative advantage of Canada is in capital-and assets escalated businesses. While near omparative advantage in gear and building structure capital-concentrated ventures declined over the 1990s, the near comparative advantage in building structure capital expanded over the period. Canada's similar advantage in agribusiness, ranger service and fishery items and unrefined oil and gaseous petrol has additionally fallen after some time. Metal mines and different mines keep on being a primary wellspring of relative comparative advantage for Canada and have demonstrated little change after some time.