www.oecd.org/ eco/out/eo.htm OECD Economic Outlook
Several economic flows link the Canadian economy and the economies of other nations. As identified in Figure 5-1, these flows are:
• Goods and services flows or simply trade flows Canada exports goods and services to other nations and imports goods and services from them.
• Capital and labour flows or simply resource flows Canadian firms establish production facilities—new capital—in foreign countries and foreign firms establish production facilities in Canada. Labour also moves between nations. Each year many foreigners immigrate to Canada and some Canadians move to other nations.
• Information and technology flows Canada transmits information to other nations about Canadian products, price, interest rates, and investment opportunities and receives such information from abroad. Firms in other countries use technology created in Canada and Canadian businesses incorporate technology developed abroad.
Was this article helpful?