China U.S Business Partner
Briefly compare the political regime type in China and the United States.
Which of the two would you prefer to do business in and why?
No one will criticize stating that the U.S. and China are the most influential countries in the current global industry. What happens in the economic market in one of both countries directly reflect to the world economy. Even though they both have the substantial economic strength, they have nothing in common; the history, the way they have been developed, the impression that they show to the world, etc. are all different. The way of becoming powerful countries are not easy to analyse with just few theories. However, one of the important theories is the difference in their regime which started to affect since 1950s. After World War II ends, the political regimes in both countries can be simple; China is socialist and the U.S. is democratic. However, the world economy had kept changing. Now, things are different. The U.S. has sticked to capitalism which is reserved for democracy. On the other hand, China changed as time went by. It is arguable that communism or socialism would be automatic failure. Nevertheless, it is obvious that communism and socialism has closed or limited economic market which will demand one country the death sentence. According to Forley and Moss, the journalists of Society & Science, in 1979, legislative reforms in China started the global trade within limited areas in Shenzhen, Zhuhai, Shantou, and Xiamen. Now, the most markets in China are opened to visitors although there are strict policies (2009) and the current status of China is pre-modern, pre-capitalist, and ‘feudal’ (Mingi, 2009). ‘Feudal system’ was originally created in Middle Age which refers to the political, social, and military system related to the relationship between landlord and vassal (Dictionary.com Unabridged). A journalist, Mingi comments that China is not yet fully liberal and also in capitalism. In
Which of the two would you prefer to do business in and why?
No one will criticize stating that the U.S. and China are the most influential countries in the current global industry. What happens in the economic market in one of both countries directly reflect to the world economy. Even though they both have the substantial economic strength, they have nothing in common; the history, the way they have been developed, the impression that they show to the world, etc. are all different. The way of becoming powerful countries are not easy to analyse with just few theories. However, one of the important theories is the difference in their regime which started to affect since 1950s. After World War II ends, the political regimes in both countries can be simple; China is socialist and the U.S. is democratic. However, the world economy had kept changing. Now, things are different. The U.S. has sticked to capitalism which is reserved for democracy. On the other hand, China changed as time went by. It is arguable that communism or socialism would be automatic failure. Nevertheless, it is obvious that communism and socialism has closed or limited economic market which will demand one country the death sentence. According to Forley and Moss, the journalists of Society & Science, in 1979, legislative reforms in China started the global trade within limited areas in Shenzhen, Zhuhai, Shantou, and Xiamen. Now, the most markets in China are opened to visitors although there are strict policies (2009) and the current status of China is pre-modern, pre-capitalist, and ‘feudal’ (Mingi, 2009). ‘Feudal system’ was originally created in Middle Age which refers to the political, social, and military system related to the relationship between landlord and vassal (Dictionary.com Unabridged). A journalist, Mingi comments that China is not yet fully liberal and also in capitalism. In