Each individual student will prepare an individual research paper that compares

Question

Each individual student will prepare an individual research paper that compares and contrasts the American and Chinese economies in terms of using global, ethical, political, physical, and societal indicators. Does the size and growth of the economies of the two nations have any relationship to capitalism and democracy? What is the impact of the Internet on the two national economies? How do these nations define capitalism in relation to national political policies? Is there a relationship between economic growth and personal freedom with the two nations?

Explanation / Answer

first thing, comparing these two nations and their economic and other conditions is not a good strategy. because both nations belongs to different backgrounds and approaches. US is the world leader, where as China is an emerging country, which started growing just 15 years back. and the government and political systems also completely different.

in US there is two party political system, but in China it is SIngle party system.

in US lot of freedom is there for people, where as it is Zero in China.

US is the world largest economy, where as China is the growing economy.

in US private people dominate the market, in China it is in the hands of government only.

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