Timber Industry in Canada Research Paper Example | Topics and Well Written Essays - 2000 words

Timber Industry in Canada - Research Paper Example The US creates the world’s most number of wood panels, sawn wood, paper, paperboard and wood pulp, accounting for 25 to 30% of worldwide manufacture. As a result, the mutual production of the two countries accounts for 40% of the world’s manufacturing round wood and above one-third of all processed wood goods together with approximately half the world’s paper pulp. Canada has easily filled the gap by exporting 80 percent of its logged timber to United States destinations for utilization in the creation of US newspapers along with various other paper and wood products. This state of dealings has made Canada the world’s most important exporter of the main wood products. The area of North America should not be seen only as timber storehouses. In both America and Canada, forests give a broad rage of recreational profits, several of which have important financial rates in their own right. â€Å"As the old British mercantile system was dismembered in the 1840â €™s, Canada was thrown into a crisis. The square timber trade had folded up with the removal of British preferences† (Levitt 49). In the book ‘The Myth of the North American City: Continentalism Challenged’ by Michael Arthur Goldberg, John Mercer reveals that there are mostly four generally cited characteristics of the Canadian and US political structure that have been used to show the relationship among these systems. It is examined that both Canada and America are long recognized and constant democracies. He also says that the Canadian financial system has obtained its resource-based nature since earlier times. Demands for raw materials created in European urban markets guided the export of lumber fish and fur. In the early days, the Atlantic fishery was the foundation for financial... The Canadian economy is dependent on the service sector mainly, however, the timber industry, which belongs to the primary sector, happens to be one among the most popular industries that prove to be fruitful for the country. For the purpose of this research, it is not possible to obtain reliable information from primary source, therefore, in this research process the secondary method of collecting information has been adopted. Thus, secondary and qualitative research methods lead this research to vital conclusions. Along with this, the literature review is also taken into consideration. This report makes a conclusion that there exists a tough competition between Canada and the US regarding trade, so it is the responsibility of both the governments to see to it that the competition does not create any personal problems among the people of the two nations and that globalization becomes more developed and ultimately, both the countries benefit. Both countries are interdependent on each other and, thus, the rules and regulations with respect to mobility of labor, trade, free movement of goods and services should be in favor of both. The government of the two countries should work together in order to achieve a harmonious relationship between the two countries and develop the global trade as well as the mutual bond among them. In this way, it is possible that the government of Canada will be able to promote the production as well as the trade of timber.