China National News
Friday 12th December, 2008
The survey - commissioned by UPS Canada to know how Canadians viewed globalization - shows the country's strongest regional economies are most fearful of the rise of these four nations.
However, Canadians still maintain that their country will continue to play a significant role in the global marketplace.
Canadians in the better-performing central provinces of Alberta, Saskatchewan and Manitoba are more worried about the rise of BRIC nations, with 73 per cent citing these emerging economies as a threat to their economy.
In the province of British Columbia, which is hosting the 2010 Winter Olympics, 70 per cent viewed BRIC economies as a competitive threat. But Canadians in have-not provinces touching the Atlantic were less worried, with only 53 percent expressing concern over the rise of BRIC nations.
``What we're seeing is a split between the have and have-not provinces in terms of their level of insecurity when it comes to the BRIC nations,'' said UPS president Mike Tierney.
``With Brazil giving Saskatchewan's agriculture industry a run for its money and China's booming manufacturing sector hurting Canadian exports, it stands to reason that those with the strongest economies and most opportunity appear to be the most fearful of the economic damage that could be caused by the emergence of the BRIC nations,'' he said.
To overcome competition from BRIC nations, he said, Canadians should leverage opportunities in the global market and invest in new technologies and innovations, rather than restricting to regional trade in North America.
Tierney said, ``Part of the reason the BRIC nations have seen such an exponential surge in their middle classes is the heightened use by entrepreneurs in those countries of opportunities outside of their comfort zone, and they've been quite successful in doing so.''
``By mimicking that spirit of ambition, Canadian businesses could stunt the inevitable intrusion into the Canadian market by these new players,'' he said.
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Comments on this story
By ChineseJew, 12-12-08, 09:24 PM
Canadians are the most spoiled people in the world. Blessed with possessing so much wealth from natural resources without having to work for it. Canadians want to be seen as the forever givers of help to the poor nations. Sitting on high horses boasts the Canadian pride. If the poor nations are no longer poor, so goes that pride.
By Anonymous, 12-12-08, 09:56 AM
Canadians fear rise of India, China
It is understood if every nation follow the model of the west there is not enough resources for every one, unless people in developing world willing to be subservience to the developed world like what happened the last two hundred years. Canadian is just reflecting the truth that there should be no real equality or their life style will be affected.
By fish, 12-12-08, 12:29 PM
changing tide, calling for resourceful approaches to resources
Now the western countries will understand the kind of pressure, threats, and fear that the developing and under-developed countries have to endure all along. Fair is fair, everyone will have their turn so they can be more sensitive to each other if all of us is to survive in harmony in our chase for resources in the long run. Nothing is always one-sided and nothing is forever. No such thing as birthrights and entitlements for selected groups. Globalization puts everyone on equal footing. Instead of merely chasing and consuming resources, it is time to be resourceful instead. Developing nations have been making do with minimal so can Canada. End of self indulgence and the 'me, me, me, what’s in it for me....' type of mentality, time to coordinate, collaborate & cooperate. Ethical resourcefulness will be ethically rewarded.