Question:
Explain why your selected Country would be a good choice for Investors.Propose three industries, and why you have chosen them and then why you have opted for the specific Industry to which the speech is related.
This report is based on the market analysis of a specific country and to examine the potential of the country to attract foreign investors. The country chosen for this analysis is Canada. Canada is located in the North America. This is the second-largest country in the world with respect to the land area. Canada shares its border in the southern part with the United States. Canada has an environment, which is quite welcoming for any type of business, and it has awarded to be second best as a country to perform business activities (Arriaga et al. 661-670).
This country has shown huge growth in the years 2006 to 2015 and the access to its market is also huge. The workforce in Canada is the most educated group of professionals. The tax related to the business activities is low which facilitates any type of business in this country. The banking system of the country is sound and safe. This proves that Canada is an ideal place for investors to invest in their business operations and any type of industry (Behrens, Kristian and Bougna 13-27).
Explaination the choice of the specific country
Investment decisions in foreign market need to be taken after considering many factors. The organization needs to design a separate marketing plan for the export industry. The plan needs to address all the issues regarding the reach to a new audience and the ways to adjust to the cultural changes related to the foreign market. Extensive research needs to done before the ultimate decision of investing in the market is taken. The analysis of the competition in the market is required, so that the company can prepare itself regarding the competition they can face in the market. Canada has shown huge economic growth in the recent years. This growth has provided many opportunities for foreign investors in the country (International.gc.ca).
In the last few years, the foreign investment has risen in Canada and the United States has a significant part in these investments. The Asian investors have also increased investments in Canada almost over 90%. China is responsible for 60% of the industrial growth of Canada. The drop in the value of the Canadian dollar is attracting more and more foreign investors who wish to take the cost advantage. Canada has much strength related to the competition in the market. The main advantages of the country are the location, a diverse economy, natural resources, high quality of education, institutional and political stability. The relationship of Canada with the United States is one of the main factors that attract foreign investors (Borrini-Feyerabend et al.).
The country has abundant natural resources and is the largest manufacturer and exporter of Uranium and has huge reserves. This country also proves to be the world’s highest producer of potash. Canada holds the second position in the world in terms of the generation of hydroelectricity and has the third position in terms of the producer of natural gas. Canada has the position of the largest supplier of petroleum products, crude oil and natural gas. Canada also manufactures oil sands, which amounts to1.2 million barrels of sands per day (Ellabban et al. 748-764).
The economic base of Canada is diverse. Other than petroleum and mineral resources, there are many other industries in Canada, which include forestry, agriculture and fisheries. The population of this country is highly educated, as there are large numbers of universities in Canada. Canada has a reputation internationally for the credibility and integrity with the help of qualities like diplomacy and strong leadership. Canada proves itself to have a competitive advantage the world with the help of prudent fiscal policies and monetary policies that are credible. The political stability of the country is another factor that facilitates the foreign investments (Holburn 654-665).
Proposal of three industries related to the specific countries
Canada is a country with a variety of industrial sectors, which include aerospace, automotive, bioproducts, biopharmaceuticals, business services, chemicals and plastics, digital media, financial services, functional foods, equipment and machinery, medical devices, mining industries, gas and oil, renewable energy, software and wireless communications (International.gc.ca). The three industries that are chosen to attract foreign industries are digital media industry, renewable energy and the automotive industry.
Canada also has an advantage related to the cost of labor as compared to the US. Canada has access to some of most important and largest markets of the automotive sector in the world. The supply sector of the Canadian automotive industry is also well established, as they have long relationships with many of the car manufacturers who are the leaders in the industry (MacAvoy et al.)
The coastlines of Canada are long and the country also has a land mass which is vast and this gives the country the best solar and wind resources required for the generation of renewable energy. Canada has one of the biggest regional and domestic market and is ranked 6th in the world with respect to the consumption power of electricity (Holburn). This industry has shown huge growth in Canada and the solar capacity in an annual basis is expected to increase by three times within 2025. This country is the leader in the world in performing R & D, which is collaborative in nature. This industry provides huge opportunities to create successful partnerships between universities, industries, government and facilities used for testing (Borrini-Feyerabend et al.).
This explanation shows that the three industries namely, automotive industry, digital media industry and the renewable resources industry are the most promising industries in Canada and have the potential to attract foreign investors.
Explain the choice of the specific industry
According to the study of the different industries, it can be derived that the renewable energy industry in Canada is the most blooming industry. The abundance of the natural resources in Canada facilitates the huge production of renewable energy in this country. Canada is recognized as the leader in the world in the renewable energy sector. About 18.9% of the total energy required by Canada is fulfilled by the renewable energy industry. The most abundant source of renewable energy in Canada is the moving water, second largest source of renewable energy is the wind and third position is held by the energy produced by biomass. The solar and wind energy are the two sources of energy, which are the fastest growing electricity sources in Canada (Ellabban et al. 748-764).
Conclusion
The report can be concluded by stating that the renewable source of energy is the most booming market in Canada that is viable for foreign investment. The reason being that the natural resources available in Canada are abundant. The country has a huge landmass and the geographical dimensions are diverse. The renewable resources available in the country can be used by the foreign investors to the optimum level so that the profits can be generated. Hydroelectricity holds the highest position as the source of renewable energy in Canada.
The next important contribution to renewable energy is done by bio-energy and wind energy. As the non-renewable sources of energy in the world are on the verge of exhausting, the renewable energy industry can prove to be a profitable area of investing. Moreover, with the abundance of natural resources, Canada can prove to be a profitable market in this industry for the foreign investors.
References
Arriaga, Mariano, Claudio A. Cañizares, and Mehrdad Kazerani. “Renewable energy alternatives for remote communities in Northern Ontario, Canada.” IEEE Transactions on Sustainable Energy 4.3 (2013): 661-670.
Behrens, Kristian, and Théophile Bougna. “An anatomy of the geographical concentration of Canadian manufacturing industries.” Cahier de recherche/Working paper (2013): 13-27.
Borrini-Feyerabend, Grazia, et al. Sharing power: A global guide to collaborative management of natural resources. Routledge, 2013.
Ellabban, Omar, Haitham Abu-Rub, and Frede Blaabjerg. “Renewable energy resources: Current status, future prospects and their enabling technology.” Renewable and Sustainable Energy Reviews 39 (2014): 748-764.
Holburn, Guy LF. “Assessing and managing regulatory risk in renewable energy: Contrasts between Canada and the United States.” Energy Policy 45 (2012): 654-665.
International.gc.ca. “Automotive – Invest In Canada.” GAC. N.p., 2017. Web. 2 Nov. 2017.
Liu, Tingting, et al. “Potential and impacts of renewable energy production from agricultural biomass in Canada.” Applied Energy130 (2014): 222-229.
MacAvoy, Paul W., et al., eds. Privatization and state-owned enterprises: lessons from the United States, Great Britain and Canada. Vol. 6. Springer Science & Business Media, 2012.
Moran, Theodore. “Foreign direct investment.” The Wiley-Blackwell Encyclopedia of Globalization (2012).
Stokes, Leah C. “The politics of renewable energy policies: The case of feed-in tariffs in Ontario, Canada.” Energy Policy 56 (2013): 490-500.
Warren, Fiona J., and Donald Stanley Lemmen. Canada in a changing climate: Sector perspectives on impacts and adaptation. Natural Resources Canada, 2014.
Wüstenhagen, Rolf, and Emanuela Menichetti. “Strategic choices for renewable energy investment: Conceptual framework and opportunities for further research.” Energy Policy 40 (2012): 1-10.
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