Poli3001 Political Regime China and the Usa
Essay Question: 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? (If you want to you may specify the business)
POLI 3001 – Short Essay
Within all nation-states, a political regime is imposed which attempts to protect the individual interests of that country, however, it can also have the potential to limit that countries economic development and the United States and China are no exception to this rule. This essay will discuss, analyse and contrast the distinct regimes of each nation with regard to their positive and negative aspects from the viewpoint of a potential foreign investor wishing to do business in either of these states. Each political regime creates opportunities and threats for potential businesses and a thorough understanding of these characteristics is increasingly important for any organisation wishing to become successful in a global market. This essay will begin by defining, discussing and comparing the essential features of the two disparate regimes, followed by considering several elements of each including government controls, social economic figures, taxation systems and political stability before concluding on which businesses would be strategically preferred in each of these two powerful economic nations.
According to Kitschelt (1992, 1028), political regimes are “rules and basic political resource allocations according to which actors exercise authority by imposing and enforcing collective decisions on a bounded constituency”. The united states is a constitutional republic which subscribes to the ideologies of a liberal democratic nation characterised by “free and fair elections” and a “competitive political process” Walecki (2003, 1), with its market operating on a capitalistic, neo-liberal level that favours de-regulated government controls and according to (Campbell and Pederson 2001, 5) “free-market solutions to economic
POLI 3001 – Short Essay
Within all nation-states, a political regime is imposed which attempts to protect the individual interests of that country, however, it can also have the potential to limit that countries economic development and the United States and China are no exception to this rule. This essay will discuss, analyse and contrast the distinct regimes of each nation with regard to their positive and negative aspects from the viewpoint of a potential foreign investor wishing to do business in either of these states. Each political regime creates opportunities and threats for potential businesses and a thorough understanding of these characteristics is increasingly important for any organisation wishing to become successful in a global market. This essay will begin by defining, discussing and comparing the essential features of the two disparate regimes, followed by considering several elements of each including government controls, social economic figures, taxation systems and political stability before concluding on which businesses would be strategically preferred in each of these two powerful economic nations.
According to Kitschelt (1992, 1028), political regimes are “rules and basic political resource allocations according to which actors exercise authority by imposing and enforcing collective decisions on a bounded constituency”. The united states is a constitutional republic which subscribes to the ideologies of a liberal democratic nation characterised by “free and fair elections” and a “competitive political process” Walecki (2003, 1), with its market operating on a capitalistic, neo-liberal level that favours de-regulated government controls and according to (Campbell and Pederson 2001, 5) “free-market solutions to economic
References: 1. Antonio, Y. Vázquez, A. 2008 ‘Liberal Democracy and Neoliberalism: A Critical Juxtaposition’. 3. Campbell, JL. Pederson, OK. 2001. The Rise of Neo-liberalism and Institutional Analysis. New Jersey: Princeton University Press 4 5. Dickson, B. 2007. ‘Integrating Wealth and Power in China: The communist’s embrace the private sector’. The China Quarterly. 192:827-854. 6. Gabriel, S. 2006. ‘Technological Determinism and Socialism with Chinese Characteristics’. URL: consulted 29th March 2012 7 8. Klaric, K. 2009. ‘Investing in China: A guide for Australian Business’ URL: . Consulted 29 March, 2012 9 10. Wang, L.X. and Iftikhar, H. 2010. ‘Managing Financial Crisis: A Critical Review of China’. International Journal of Economics and Finance. 2 (4): 29-32