Question

Federal governments(CANADA) can either contribute or hinder an industry's ability to compete globally. Conduct research on recent government initiatives that have affected transportation modes' competitiveness either positively or negatively. Choose one article you found and post the article along with a summary of the article and your thoughts. Secondly, choose one other students article and provide your thoughts on their article. Be sure to check the forum prior to posting your chosen article to ensure no one else has used that article. I would like to see a different article for each student. related to CANADA.

Answer 1

Canadian federal initiatives such as infrastructure investment positively impact the transportation industry's global competitiveness, while international trade has both disruptive and beneficial effects on economies. Government interventions can protect interests but may hamper global competitiveness, and environmental regulations distinctly influence corporate actions.

Step-by-step explanation:

Government policies can greatly influence an industry's global competitiveness. For instance, in Canada, a recent federal initiative impacting the transportation industry is the investment in transportation infrastructure through the Trade and Transportation Corridors Initiative (TTCI). Such initiatives can enhance the efficiency and reliability of transportation modes, thereby improving a country's export potential and strengthening the competitive position of its industries on the world stage.

International trade has profound effects on income distribution and can be disruptive, leading to shifts in employment and the economy. Governments often intervene to protect national interests and jobs, sometimes restricting imports. These practices need careful evaluation, as they can hinder global competitiveness and could compromise international relations.

Another concern for international competitiveness comes from environmental regulations. Environmental standards can vary greatly between countries, leading to situations where multinational firms might shift their operations to countries with more lenient regulations, potentially harming the environment and affecting competitive dynamics