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Essay / Research Paper Abstract
A 4 page paper comparing the economies of China and the US to determine which has the better business climate. Even with all of the reforms and growth occurring in China, the US still has the better business climate. It is more stable and is mostly controlled by market forces. Business in China can be more lucrative for sellers of tangible products as people gain more disposable income, but the US still is the choice for technological capability; the benefits of competition; political climate; and overall economic conditions. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSeconChinaUS.rtf
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Unformatted sample text from the term paper:
Business in the United States has evolved over the past century and a half to lead the US to the position of having the worlds largest economy in terms
of both GDP and per capita income. China, on the other hand, is one of the worlds oldest civilizations, one that ran aground nearly half way through the 20th
century when Chairman Mao came to power and imposed a strongly socialist government on China. People worked for the state; no one truly "owned" anything.
China began a capitalist experiment at the death of Chairman Mao, not because anyone in power had any particular fondness for capitalism but because the government needed
assistance in supporting the largest population of any country of the world. The experiment was a resounding success and today China is the destination of choice for a number
of manufacturers of various classes of item, including apparel and electronics manufacturers. The facts of Chinese life have changed, but its politics remain largely unchanged. The US provides
the more favorable business climate. China China holds the worlds largest population, and until a generation ago it was among the worlds poorest
as well. Chairman Maos successor Deng Xiaoping "and other leaders focused on market-oriented economic development and by 2000 output had quadrupled" (China, 2006). Living conditions have greatly improved
for much of the population, and many Chinese citizens now have disposable income, many for the first time. Chinas current economy increasingly is
market-driven; it is heavily dependent on labor-intensive activities. As is the case in any developing country, the first goals were largely limited to increasing citizens living standards. As
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