As a matter of fact, it would not be an exaggeration in stating that there is hardly any developing economy that has displayed substantial growth without the assistance of an advanced country. The technological and commercial strength of a rich economy is more or less imperative for a developing country in realization of its full potential.
In the contemporary global economic landscape, China is the leader amongst all developing countries in terms of registering the fastest growth rate. That the country (China) has established economic ties with various developed economies in no way takes away the credit from the committed endeavors of the Chinese Government. The government of China has been initiating many measures, some of which may not be pleasing to the country’s denizens. Nonetheless, these initiatives can be considered to be indispensable for the long-term prosperity of the country. This could be conveniently compared with an analogy that a bitter medicine, despite its repulsive taste, is imperative for the recovery of an ailing person. In fact, it is this very courage of the government in taking bold and concrete steps that is lacking in most of the other developing economies. In these regions there are numerous social, economic and cultural factors that have turned out to be serious impediments in growth-related pursuits.
But as discussed earlier, the Chinese Government gives more importance to the overall growth and prosperity of the country, rather than concentrating on populist schemes that just please the citizens. That most of these measures jeopardize the long-term economic interests of the country warrants no special mention. The committed endeavors of the government, coupled with strategic alliances with prosperous economies have ensured that China now holds the number one position in all developing regions of the globe.
The history of the relations between both the countries is rather complex, as it
Before dwelling on the history and current trends in the economic ties between the United States and China, it would be worthwhile to make a mention of a relevant aspect. This aspect speaks about the necessity propelling the developing economies in establishing economic ties…
In fact, there is already a sharp contrast between the two powerhouse countries. Whereas the United States is heavily burdened by debt, China enjoys the distinction of having the most Gross International Reserves (GIR) Thus, in effect, the US has become the highest debtor while China has become the biggest creditor (Financial Ranks 2008).
Economic inequality resulted from several factors such as; the difference in the wealth and income of individuals, the higher class influence on the government, lack of unions and reduction of tax on progressive income. The resulting consequences of economic inequality include; separation of the two groups both socially and physically, and unfair distribution of opportunities.
The Solow model is also known as Solow-Swan growth model or the neoclassical growth model and the exogenous growth model. The model delineates economic models pertaining to long term growth within the framework of neoclassical economics.
China’s economy is the largest in Asia at present and many people believe that it may become the largest in the world in near future itself. Even though the recent recession affected many prominent countries in the world, China escaped from the recession problems because of the strength of its economy.
had been a critical stage in its downward slide towards a deep recession although there are some encouraging signs lately but the signals are still weak as borne by various economic data. A hard choice to make for the Federal Reserve Bank is whether to keep interest rates close
n the other hand, there are various dynamic factors, like the size, youth and vitality of the population, technological advance and versatility, size, effectiveness and stability of the economic system, hence nation’s wealth, moral values, etc., which not only account for the
Since the initiation of market reforms in 1978, China has turned from a centrally organized to a market founded economy and experienced swift monetary and social growth. Gross Domestic Product increase averaging almost 10 percent a year has advanced more than 500 million
This research will begin with the statement that China’s population has been on a decline in the present past. It has a population growth rate of 0.47% ranking it 159th in the world statistics. Although China has registered the largest population in the world, its growth rate has been on a downward movement recording rates lower than countries such as the United States.
It would not be an exaggeration to say that the challenges lie at the heart of the country’s identity. The government also aims at providing for the citizens and helps them cope with and fight the environmental challenges1. The government facilitates the improvement in
According to the report the contract case was with favor of the government with the consideration that there was a rational basis for the determination that the primary and important requirements of the solicitation. The solicitation was the management and the coordination of transportation and lodging services.
7 pages (1750 words)Research Paper
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