What were the chief generators of wealth in Canada before the shift to a
knowledge-based economy?
Agriculture, resource development, and manufacturing.
What is the current focus of both federal and provincial governments in Canada
regarding the economy?
The knowledge-based economy.
3 multiple choice options
What major global trend has contributed to the loss of manufacturing jobs in
Canada?
Globalization.
What are the potential impacts of globalization on the global economy?
Brings the threat of global pandemics spread by global travellers; may impact the
global economy or lead to countries bringing manufacturing back within national
borders.
What is the staples thesis and who presented it?
The staples thesis, presented by Harold Innis, describes how regional
development in Canada occurred as resources were exploited and tariffs
protected early manufacturing.
What major industrial shift is Canada currently experiencing?
Radical shifts in Canada's industrial structure.
What is the fourth Industrial Revolution characterized by?
The world is entering a phase that emphasizes technological advancements and
knowledge-based industries.
What are the four sectors of the economy as defined in the notes?
Primary sector (resource extraction), secondary sector (construction and
manufacturing), tertiary sector (services), quaternary sector (high-end
knowledge-based workers).
Which industrial sector is not counted by Statistics Canada?
Quaternary sector of high-end knowledge-based workers
What major forces have contributed to the shift in Canada's workforce from
primary to secondary, and then secondary to tertiary sectors?
Settling of Western lands, mechanization of agriculture, automation, and
offshoring of manufacturing to developing countries.
What was the National Policy of 1879 and its impact on Canadian manufacturing?
Created an industrial core in Central Canada by raising tariffs on imported goods
to encourage domestic manufacturing.
