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Benefits to Canada
Exporting of the product the Pest Chaser Pro will provide many benefits to Canada as a whole but also to the individual Canadian farmers. Exporting to Nepal with provide a rise in GDP for the company which has a positive effect on Canada. The affect it will have is that it will help improve the Canadian economy. Increase in gross domestic product (GDP) to boost the economy (“Economy: GDP”, 2011). The production of this product will also provide jobs to Canadians as there will be an increase in production of this product, which will require more workers in order to fill the order of Pest Chaser Pros to Nepal. This will also provide an increase interest in ultrasonic technology used for pest control. More research in this area may be done to improve the product to help the agricultural industry more than it already does.
With exporting this product, we are building new trade networks which help us on a global standpoint. International trade correlates with the gross domestic product (GDP), indicating that trade plays a central role in economic growth in all countries (Kastelle & Liesch,2013). International trade is very important not only for the economy but also for creating connections that could be useful in the future. The better supported you are by an alliance of diverse business and personal contacts, the better you can perform in today's fast-- paced environment, and the better prepared you will be for future change (Cambron, 2001). It’s called networking (Cambron, 2001). Establishing connections and being on good terms with other countries has great value. Exporting this product to Nepal can also introduce the idea of exporting this product to other developing countries other than Nepal allowing for more global connections to be made. Since exporting this product to Nepal would provide both direct benefits such as increase employment and indirect benefit such as global networking it would be a very beneficially exporting product for Canada.
References
ECONOMY: GDP increase fails to bring cheer. (2011). Fund Strategy, 7-1NULL.
Cameron, L. (2001). The importance of networking. Far Eastern Economic Review, 164(17), 64.
Kastelle, T., & Liesch, P. W. (2013). The importance of trade in economic development. International Studies of Management & Organization, 43(2), 6-29.
Cameron, L. (2001). The importance of networking. Far Eastern Economic Review, 164(17), 64.
Kastelle, T., & Liesch, P. W. (2013). The importance of trade in economic development. International Studies of Management & Organization, 43(2), 6-29.