Research Paper On Us And Canada
The GDP per capita of Canada is $35,200 for the year 2006. The GDP per capita of the US is $43,500 also for the year 2006. Information Technology is a major growth driver in both countries especially during the latter part of the 1990s. The contribution in the economy of Information and Computer Technology is greater in the US than in Canada. Canada and the US are significant trading partners. The US is Canada’s biggest market of 85% of its exports like oil, gas, uranium and electricity. After the Second World War, Canada became a giant, industrialized urban economy. Growth was fueled by the manufacturing, mining, and service sectors.
Canada’s natural resources, skilled manpower and modern technology accounts for its robust economy. Canada is a Trillion Dollar economy with its exports making up one-third of its GDP. The US economy is market-driven. The US is more advanced than any country in the world in the fields of information technology, medicine, aerospace and military hardware. Its economy is acknowledged to be strong and resilient. Despite crises like the 9/11, Iraq War, the Hurricane Katrina and the increasing oil costs, the shift in economic resources had little effect on its economy. The economy on the contrary managed to grow towards the end of 2006.
The US government is a constitutional, federal democracy with co-equal branches of government such as the executive, legislative and judiciary. The President is both the Chief of State and Head of Government. It has a bicameral congress with a Senate and a House of Representatives. The Judiciary has a Supreme Court and other lower courts. Canada has a constitutional monarchy and a parliamentary democracy. The Chief Executive is the Queen of England thru the Governor General. The head of government is the Prime Minister. It has a bicameral legislature, the Senate and the House of Commons.Its judiciary is composed of the Supreme Court and other lower courts.
Harchaoui, T. M. , Tarkhani, F. , Jackson, C. , & Armstrong, P. (2002, October). Monthly Labor Review. Canada-U. S. Economic Growth. Information Technology and Economic Growth in Canada and the U. S. Retrieved February 20, 2007 from http://www. bls. gov/opub/mlr/2002/10/art1full. pdf The World Fact Book. Canada. Retrieved February 20, 2007 from https://www. cia. gov/cia/publications/factbook/print/ca. html The World Fact Book. United States of America. Retrieved February 20, 2007 from https://www. cia. gov/cia/publications/factbook/print/us. htmlSample Essay of AssignmentExpert.com