Canadians embrace virtues of globalization



    
    New study shows public in favour of globalization; believes Canada plays
    major role
    

    MISSISSAUGA, ON, Oct. 7 /CNW/ - More than half of Canadians believe the
opening of borders and the shrinking of the world into a global village has
positively supported the Canadian economy. In addition, more than half believe
Canada has reciprocated by being a major contributor to the global market.
    A recent UPS study conducted by Angus Reid Strategies shows two-thirds of
Canadians believe the fast-paced communication, open borders and international
cooperation associated with globalization have been of benefit to the Canadian
economy, while only one quarter disagree and 17 per cent remain unsure.
    The numbers are supported by additional data showing 55 per cent of
Canadians believe Canada is a major contributor to the global economy.
    "It's really encouraging to see Canadians taking a non-protectionist
position when it comes to globalization, particularly with the recent influx
of business competition from abroad," says UPS President Mike Tierney.
"However, our perspective on just how involved Canada is in the global economy
is slightly exaggerated in that we think we're doing a lot more than we do."
    According to the UPS-commissioned 2007 Canada Business Monitor, only
17 per cent of Canada's small and medium-sized businesses (SMBs) are currently
engaged in global trade; a sharp contrast from the level of trade being
conducted by emerging markets such as India and China. The study also showed
37 per cent of Canadian SMBs believe they have enough business in Canada and
therefore need not look abroad for growth opportunities.
    "There seems to be a disparity between how Canadians see our role in
global commerce and our actual level of activity," notes Tierney. "Recent
reports, such as those from the Conference Board of Canada, show Canadian
entrepreneurs aren't quite as keen as some of their international counterparts
to engage in global trade, but this new study shows many Canadians don't
realize this."
    Prairie residents are the most likely to see Canada as having a major
role in the global economy compared with Atlantic Canadians, who are the least
likely to view Canada's participation in global commerce as particularly
active.
    Interestingly, those with higher education were more likely to suggest
Canada's role in the global economy is minimal compared with those less
educated.
    Also, 39 per cent of survey respondents identified Canada's booming
agriculture industry and 37 per cent identified the energy sector as playing
minor roles in the global economy. Meanwhile, almost one third of respondents
believe Canada's technology industry plays a significant role on a global
scale.
    The Angus Reid Strategies poll was conducted between August 27 and 28,
2008. The study surveyed 1,012 people and has a margin of error of +/- 3.1 per
cent, 19 times out of 20.

    
    About UPS
    ---------
    

    UPS (NYSE:   UPS) is the world's largest package delivery company and a
global leader in supply chain and freight services. With more than a century
of experience in transportation and logistics, UPS is a leading global trade
expert equipped with a broad portfolio of solutions. Headquartered in Atlanta,
Ga., UPS serves more than 200 countries and territories worldwide. The company
can be found on the Web at UPS.com. To get UPS news direct, visit
pressroom.ups.com/RSS.





For further information:

For further information: Shannon Morton, APEX Public Relations, (416)
924-4442 ext. 253, smorton@apexpr.com; Tara Smith, UPS Canada, (905) 676-1708,
tarasmith@ups.com


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