Both regions have several numerous and remarkable natural resources ranging from timber, water, and mineral resources. This marked the beginning of industrialization in Canada, USA and Europe therefore, there is an emergency in manufacturing sectors. Canada and America share most things in common especially the similarities in their national identities Even though Europe, Canada, and America have similarities, their main difference is in economic systems but very far from each other as they differ in some economical aspects (Climan, 2002). Both United States and Canada have mixed economical ownership of both private and public ownership; however, the rate of public ownership is higher in Canada and USA as compared to Europe where the rate of private ownership is lower.
The rate of industrialization in Europe is also remarkable and in most cases, it is characterized by public ownership, On the other hand, these regions have differences due to the economical approach of the USA which has given the United States the strongest economy, contrary the economy of Europe is negatively affected by its economic system which has so far made their dollar weaker in the world market however both Canada and USA have had a bigger advantage as compared to Europe but the resent reactions from investors in both countries show that they are in big debts, however, in Europe, there are low debts hence they have elevated themselves, therefore, their economy has grown further.
Ideally, countries from Europe lack enough money to settle the debt crisis but Germany took the initiative of settling this issue.
The environmental policies of Canada affect the US through international policy making. However, this only comes because of the willingness of Canada to work with the weaker nations.
European nations are more environmentally conscious than Canada and USA. this has served as the counterbalance of the US which is the world’s strongest, however, they work closely with their southern counterparts in the development of the environmental policies which had a greater effect on the northern parts of America directly and impacting on the other parts of America indirectly. The European nations are constructed in a manner that allows their environment to be kept green, for example in countries like the Netherlands it is not allowed to throw garbage unnecessarily as an environmental precaution. The environmental goals are set by superior countries through the commission of environmental cooperation (Climan, 2002).
Despite the likeness of these two regions on kinship and manpower, there have been criteria for the admission of the immigrants. Basically, after a close examination of both the USA and Canada, it is evident that the volume of occupation and origin of immigration flows between these two nations (Bukhart & Alm, 2006). On the other hand immigration in Europe is held hostage by the immigration policies which had to lock out foreigners; this caused a high level of insecurity in Europe. European nations have to embrace policies like those of Canada and the USA which makes them lands of immigrants.
There are several economical similarities between these two regions: basically, they both rely on industry as their major economic supporter and the difference is that European nations have lesser investors as compared to US and Canada, as a result, debts are lower in Europe and higher in USA and Canada. Based on the environment, European nations are more environmentally conscious due to the set environmental policies, but the lack of well-established environmental policies in Canada and the USA causes more environmental challenges. Canada and USA have established themselves as lands of immigration but many European nations have set policies that do not allow foreigners in their countries.