Why cant Canadians compete with lower labour cost countries such as Term Paper

Why cant Canadians compete with lower do work cost countries such as India and China - Term Paper ExampleIt is very difficult for Canada to be a manufacturing powerhouse like India and China. As of 2012, the 486.6-million Indian labor force makes it the globes second largest. Besides, the telecommunication assiduity in India is the worlds fastest growing. After the quarter of 2013, India became the third largest market for smartphones globally subsequently China and the United States of America (Drze & Amartya (2013). In terms of the gross domestic produxt, by 2013 China had aim the globes second largest economy. On the new(prenominal) hand, China has been the globes manufacturing hub, leveraging its cut-rate labor in browse to dominate global trade, especially the nations exports (Sang, 2013).In order to compete in the international manufacturing stage, Canada subscribe tos to differentiate itself from its competitors by making maximum use of its military capabilitys. This go away build ensure that it gains some steps in becoming a manufacturing powerhouse. China and India do not view Canada as a competitor because they have the capability to respond rapidly to the ever changing business environment and offer customers with what they need (Sexton, 2007).Chinese and Indian manufacturers have a vital strength in providing work that is customized together with services in order to meet the market requirements more flexibly than manufacturers in other nations like Canada. To attain this crucial strength (Scianna, 2014) argues that Canadian manufacturers need to invest in innovative technologies. Compared to low-cost nations like China, India, Malaysia and Brazil, the manufacturing sector in Canada is nowhere as big as other nations. In order for the Canadian manufacturers to stay in business competitively, the machine shops not only need to have the right equipment, but also make products for cost effective unit prices.Scianna (2014) noted that the nea r outstanding difference between Canada and its