Canada Risk Analysis Essay Example | Topics and Well Written Essays - 1250 words

Canada Risk Analysis - Essay Example In the last decade party leaders have sought to remedy this situation. To remain an attractive partner in multilateral economic arrangements, Canada must struggle to stay competitive (Zimmerman, 2008). Legal environment is favorable for international companies, thus Canada is a US oriented companies with strong cultural and economic relations with the USA partners. Among the major federated states, Canada is the most loosely organized. Constitutionally, the provinces have jurisdiction over matters related to education, culture, and natural resources, and so they have a voice in foreign policies affecting these concerns. Because Canada lacks the equivalent of the "interstate commerce" provision of the U.S. Constitution, even trade between the provinces is not entirely free of encumbrances; thus in trade matters, also, Ottawa is somewhat fettered in dealing with other governments. Furthermore, because Canada lacks the equivalent of the principle that treaties override other domestic legislation (embodied in the U.S. Supreme Court decision Missouri vs. Holland, 1920) Ottawa's diplomatic authority is weak (Zimmerman, 2008). Exchange and repatriation of funds risks In Canada there is no currency restrictions placed on the repatriation of funds. Thus, in some cases, the repatriation may have tax consequences. In Canada, exchange rates are stable, so a foreign company will avoid these risks. Competitive risk assessment In Canada, the international and domestic competition is fierce. Canada has gained from the succession of tariff-cutting rounds, but with its fairly high tariffs has had to make large concessions in return. Furthermore it can be the subject of actions taken against it for allegedly breaking a GATT rule. GATT has no sanctions, but an injured state can impose countervailing duties in retaliation for the offense or take some other action for compensation if a specially-appointed panel rules that a GATT provision has been violated (Zimmerman, 2008). Taxation and double taxation risks The main legal regulations for international companies are Tax rate for resident companies and tax rate on long-term capital gains. VAT rates are based on standardized procedures: 'there is a Goods and Services sales tax (GST) which rate varies depending on the states between 6 and 14%" (FITA 2008). In some cases the threat has been enough to induce the Canadian government to change its regulation. Although Canadians share the U.S. preference for the freest possible global trading system, and indeed cooperate with the United States in GATT and elsewhere in pressing for policies favoring openness, Canada's much smaller economy is especially vulnerable to U.S. moves. Canada's trade is overwhelmingly with the United States; its imports from and its exports to the United States amount to well over 70 percent of the respective totals ()FITA 2008. Market Risks (4 Ps) Canada is also the largest foreign market for U.S. trade, even though U.S. exports to Canada account for no more than 25 percent of total U.S. exports. In fact, the two economies are so integrated that if one country tries to retaliate for a perceived trade injury to some segment, another segment is likely to be harmed in return. Product - Canada is the

Fashion 1980 - Grunge Fashion Essay Example | Topics and Well Written Essays - 500 words

Fashion 1980 - Grunge Fashion - Essay Example The essay "Fashion 1980 - Grunge Fashion" concerns the grunge in fashion. While the 1990s Grunge clothing has retained some elements from the previous decade, the influence of the â€Å"sophisticated, uptown aesthetics† becomes prominently pronounced, especially in designs of eminent designers such as Dries Van Noten. On the other hand, designers like Philip Lim have focused on blending the â€Å"nostalgic and modern† and combining the aesthetics of floral patterns with silk material and graphic T-shirts with printed skirts. Outfits like these epitomize the modern women’s zeal towards a carefree life that softens the recalcitrant zest of the females of the previous decade. Grunge fashion thus challenges the conventions and allows women to make their statement against the traditional male dominance. Style icons like Kate Moss have brought evolutionary changes in Grunge style by transforming it into a â€Å"modern wearable style†. Thus, what once has been co nsidered as outrageous has become a norm in fashion, allowing women the freedom to express themselves through their dresses and apparels. Grunge, the â€Å"uniform of alternative rockers† and the young adults of the previous two decades returns with all its popular appeal in the 2010s and celebrated designers begin to â€Å"serve up grunge on the catwalk†. Many women, who cherish the nostalgia of this cult, view it as a â€Å"natural order of things† that the passion of their young age has come back with a firm statement to take their teenage daughters by storm.