Canadian Identity Essay Example | Topics and Well Written Essays - 1000 words - 2

Canadian Identity - Essay Example The immigration of people from all over the world and their adoption of an essentially Canadian way of life have led to a situation where the people of this country have been united. This union has come about mainly because the increasing number of immigrants has been able to counter the some of the negative effects brought about by the British- and French-speaking populations. Immigrant communities have been able to bring about diversity in the political, social and economic life of Canada. These individuals have, in addition, been able to adapt to life in Canada so effectively that they have become a basic part of life in the country. They have further been able to promote a strong Canadian identity, especially in the second and third generations after the original immigrants, that they have not only transcended the political and social conflicts previously experienced, but have also been instrumental in the creation of a strong Canadian identity that has allowed the nation to cont inue thriving. In conclusion, the discussion above has attempted to show that Canadian identity has come about as a result of its multicultural nature, the identification of a common destiny by its people, and immigration which has become a basic part of the country’s policies. Among the most significant aspects of these has been its multiculturalism which has allowed for the creation of a diverse nation. Through the development of a strong national identity, these cultures have been brought together in such a way that they have fostered unity.

ECON ASSIGN 1 Assignment Example | Topics and Well Written Essays - 500 words

ECON ASSIGN 1 - Assignment Example With the nation experiencing a recession and government over spending its annual allocations, the only choice that was left for survival was borrowing. The plan was effective in enabling the nation get through the recession. Another advantage of deficit spending is the fact that a nation or household is enabled to invest loan money and also benefit from the profits made from borrowing. In an argument by Baumol (2005) deficit spending allows a nation to create investment opportunities that are not included in the budget. The author further points out that the investment has potential of repaying its debt and creating a surplus. Baumol (2005) points out that deficit spending put future generations in debt that they did not benefit from. Large deficits spent may take years for them to be repaid. For years, the borrowed money may be used for investment which the current government may use the profits for other financial purposes. For this reason, the debts may be recurring for generation to generation. Deficit spending may also minimize the level o loan allocation for private organizations. Seater (2008) points out that, large borrowing from the government may reduce the rate at which investors and financial institutions offer the same services to private business entities. The crowding effect refers to the creation of financial and other resources deficits after over utilization by the government. Seater (2008) crowding out enables the government to be the only market determinant as private organizations does not have je opportunity to access financial and other resources. However, crowding out effect may also create investment opportunities in the market. The jap created by large borrowings provide an opportunity by wealthy private investor to capitalize on the situation. In analyzing the pros and cons of deficit spending, it is an