All these testify to the strength of the Chinese economy. ProEssays website, please click below to request its removal: Liked this essay sample but need an original one? This paper will compare two great countries the United States and China by looking in details how and why their legal and political systems differ, explain what determines the level of economic development in each country. Beijing expats want the "real China" They prefer Chinese language, history, and culture and avoid Western civilization. China is bordered by several countries and lies on the coastline of the Pacific Ocean. But at every point since 1949 the Chinese Communist Partycentral to the institutions, society, and daily experiences that shape all Chinese peoplehas stressed the importance of Chinese history and of Marxist-Leninist doctrine. American companies will do so only if U.S. tariffs become more penalizing than moving would be. ), Copyright 2020 CGTN. But looking back over her life story, one can see why even many young Chinese today may feel a reduced sense of predictability or trust in what the future holdsor in what their government might do next. Additionally, the continued flourishing of various technological advancements has allowed nations to grow by accessing the information from other nations and comparing it with what they have and consequently making changes where necessary. China's political system encourages parties, organizations, and representatives from various circles of Chinese society to discuss basic policy as well as important political, economic, cultural and social issues. Under the pressure of aggregated economic inequality brought by globalization, and the army of unemployed people already displaced by new technologies, the U.S. government faces severe structural constraints under the present model of state-market and state-society interactions. The nominations of all the candidates are not done through their own accord or will but need to be nominated by the CCP, and this is done through the election committee that then consults a group of voters through what is called the three ups and three downs. China vs. United States Government Definitions Administrative divisions : This entry generally gives the numbers, designatory terms, and first-order administrative divisions as approved by the US Board on Geographic Names (BGN). However, the long-term effects cannot be fully accessed at the moment. Also, the communism in China is affected by the political tradition of ancient Chinese imperial system. The geographic location of a country, its educational, political and legal systems plays a key role in the economic well-being of a country. China's lead over the U.S. is especially clear in Germany, the Netherlands, the Czech Republic and France, where people are at least 10 percentage points more likely to see China as the leading economy. This suggests that something distinctive to mainland China influences this behavior: long-term unpredictability thats sufficiently recent to have been experienced by or passed on to those now buying stocks. However, in recent times China has overtaken the US by at least one measure of total economic strength, which is GDP based on purchasing power parity (PPP). In our experience, many Westerners dont understand what that means or why it matters. Each branch of the government plays an important role in providing for the countrys citizens by creating laws and policies that are meant to make the living standards of the citizens better and provide them with safety and rights. One reason that many people misread Chinas trajectory may be thatparticularly in the English-language promotional materials the Chinese use overseasthe country tends to portray itself as a variation on a liberal state, and therefore more trustworthy. Lets imagine the personal history of a Chinese woman who is 65 today. Provide your email for sample delivery, You agree to receive our emails and consent to our Terms & Conditions. The US is surrounded by Mexico, Canada, the Pacific Ocean, and the Atlantic Ocean. The economic nationalism model that ultimately serves U.S. economic interests. In November 2020 Chinas trade surplus with the U.S. was 70% greater than it had been in January 2017, when Donald Trump took office. The space for the two sides to compromise and collaborate has narrowed extremely rapidly. Which serves U.S. interests better, a free and democratic China, or an authoritarian China that identifies with U.S. leadership? The city of Rongcheng, for example, uses big data (available to the government through surveillance and other data-capturing infrastructure) to give people individualized social credit scores. These are used to reward or punish citizens according to their political and financial virtues or vices. Economic and macro-political changes happening globally is something that international business management must consider before doing business since it will influence the decisions that they make regarding their business. This, of course, mirrors the role of U.S. defense and intelligence spending in the development of Silicon Valley. Chinas rulers, therefore, see foreign engagement as a source less of opportunity than of threat, uncertainty, and even humiliation. Mandarin. Today he is the CEO of PAG, a $40 billion private equity firm based in Hong Kong. Countries with command economic systems are now changing their laws to become democratic and allow free-enterprise after realizing benefits it can bring in (Cavusgil, Ghauri & Akcal, 2012). It often compares itself to brands with which Westerners are familiar. HBR Learnings online leadership training helps you hone your skills with courses like Global Collaboration. Order original essay online with 25% off. However, it is important to compare and contrast countries to see which policies are working in the best way and what can be changed. Familiarity with Leninist doctrine is still important for getting ahead. The Chinese political system is dominated by multiparty cooperation as well as political constitution under the direction of the Communist party of China (CPC), but the USA is governed by the western style of multiparty system. Time is money, in other words. (If you want to contribute and have specific expertise, please contact us at [email protected]. Weijian Shan was born in China and had his life upended by the Cultural Revolution. The main difference between Chinese and US politics is the political ideologies, and one is founded on a democratic yet capitalist system while the other has been led through decades on a Communist and one-party system. China has been shifting away from an investment-driven growth model to one led by private consumption. It is also the duty of the representative republic to inform its citizens of their rights, and the candidacy for the elections needs to be transparent since city council members to local judges to mayors, and state legislators are all appointed through voting in the United States. Would you like to get this essay by email? The Trump administration, however, has focused on U.S. economic interests, putting the pursuit of hegemonistic benefits in a secondary position. He believes Chinese people are fixated on. As market research consistently tells us, the majority of individual Chinese investors behave more like traders. Trade wars, nationalism, and the pandemic have led many companies to question their supply chain strategyin particular basing manufacturing in China, thousands of miles from their markets. There are, however, other forms of citizen engagement at a more local level when electing a township government, which can be done through public recommendation or public nomination ( (Cheng), 2011). The geographic location factor is important since it dictates how well a country can be accessed to do business with and both China and United States have good locations since they are connected to water bodies. Chinas Good War: How World War II Is Shaping a New Nationalism. This paper analyzed the different political structures of both countries and highlighted the stark differences between a democratic state and a communist state, but the analysis also provided one similarity, which was the elitist government structure that existed in both political structures. Yet they found common ground to work in mutually beneficial ways. . Regardless of who wins, it is unlikely that one of the . A. China and the United States significantly differ in terms of the economic, legal and political system but this does not stop them from being the top two nation with the biggest economy worldwide. If China were concerned only with economic outcomes, it would welcome foreign businesses and investors and, provided they helped deliver economic growth, would treat them as equal partners, agnostic as to who owned the IP or the majority stake in a joint venture. But the state-owned sector remains too big and inefficient. This suggests some obvious hypocrisy on the part of the Biden administration and perhaps even a lack of sincerity with respect to the domestic causes that it supports. PAG invested about $100 million in a digital music business in China a few years back which subsequently merged with a similar business and changed its name to Tencent Music Entertainment. Globalization. The local and minor elections in the country are the only form of citizen engagement that is seen in the political process of China, but there have been many cases of suppression in the minor elections, especially regarding independent candidates. There are several major differences: China's system is based on the governance of one political party only (China has 8 other parties that serve in a consultative role). Access more than 40 courses trusted by Fortune 500 companies. The CPC runs the country while the other non communist parties play the role of participatory. The old imperial bureaucracy helps modern Chinese to make the government started on more efficient point to absorb interest than any other countries (King, F. J., The United States and China Fourth Edition, 1979, You cant become a senior leader in China without having proved your worth as a manager. However, it also highlighted the different ways in which people of color in the USA are suppressed through political representation and voter suppression. When life is (or has been within living memory) unpredictable, people tend to apply a higher discount rate to potential long-term outcomes than to short-term onesand a rate materially higher than the one applied by people living in more-stable societies. Those with low social-credit scores may find themselves prevented from buying an airline ticket or getting a date on an app. China on the other hand practice totalitarianism and collectivism which is the opposite of democracy. (2016). The elite theory focuses on the notion that only a select group of people actually run the government, which are considered elite, while the pluralist theory states that political power is rather shared between the influencing parties. The premier controls the civil bureaucracy, The party general secretary runs the economy. Any shift in supply chains will be gradual and partial, because its very costly to move from the most efficient supplier to the second or third best. China now has better highways, rail systems, bridges, and airports than the United States does. Leninism, however, is essentially a political doctrine; its primary aim is control. For any deep analysis of the ideological aspects of the China-U.S. rivalry to be complete, two questions need to be answered: What political interests do the ideologies serve, and in what forms are they presented? Systems, bridges, and even humiliation need an original one lies on coastline... 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