Comparison of Economic Growth in China and Usa
Comparison of Economic Growth in China and USA
Name
Institution
Date
Introduction
1. What are some of the most prominent cultural differences between the chosen country and the United States? What could be the impact of these differences on business activities with each other?
Historical developments and cultural affiliations of various communities often define the economy of a country. The culture is critical in dictating the traditions that led to the realization of a given economic state both in the past and at present. A number of author have employed the cultural lenses in demonstrating the growth registered by various countries have a bearing on their cultural affiliations (Fellner, 2008). A case in point is China, which has recorded a massive growth in the past decade. In contrast, United States, the country has become the global leader in the fast growing economy. Critics pointing commenting on growth and commerce use cultural perspective to evaluate the growth or economic base of the said country (Fellner, 2008). Culture tends influence aspects such as perception of the society to engage in economic development. Whereas the cultural lenses tend to dictate the economic prowess of a given country, factors such as politics and religious inclination go hand in hand with culture.
A number of scholarships perceive culture as productive force. The interaction between culture and economic growth is not a new concept. The Chinese community for instance, has developed structures of integrating culture into its economic development agenda. Thus, culture acts as the centerpiece, which propels the fast growth of its economy. In an attempt to relate the economic environment of China and United States, the study focused on cultural aspects, which are instrumental in defining the growth of the two countries. Largely, the performance of any business depends on the perception of the communities involved in it. In this sense, attempt to compare the growth of the
Name
Institution
Date
Introduction
1. What are some of the most prominent cultural differences between the chosen country and the United States? What could be the impact of these differences on business activities with each other?
Historical developments and cultural affiliations of various communities often define the economy of a country. The culture is critical in dictating the traditions that led to the realization of a given economic state both in the past and at present. A number of author have employed the cultural lenses in demonstrating the growth registered by various countries have a bearing on their cultural affiliations (Fellner, 2008). A case in point is China, which has recorded a massive growth in the past decade. In contrast, United States, the country has become the global leader in the fast growing economy. Critics pointing commenting on growth and commerce use cultural perspective to evaluate the growth or economic base of the said country (Fellner, 2008). Culture tends influence aspects such as perception of the society to engage in economic development. Whereas the cultural lenses tend to dictate the economic prowess of a given country, factors such as politics and religious inclination go hand in hand with culture.
A number of scholarships perceive culture as productive force. The interaction between culture and economic growth is not a new concept. The Chinese community for instance, has developed structures of integrating culture into its economic development agenda. Thus, culture acts as the centerpiece, which propels the fast growth of its economy. In an attempt to relate the economic environment of China and United States, the study focused on cultural aspects, which are instrumental in defining the growth of the two countries. Largely, the performance of any business depends on the perception of the communities involved in it. In this sense, attempt to compare the growth of the
References: Fellner, A. (2008). Role of culture in economic development: Case study of China and Latin America. Retrieved on 10 July 2013from http://scholarcommons.usf.edu/cgi/viewcontent.cgi?article=1235&context=etd Marcus, G. et.al. (1999). China and long-range Asia energy security: an analysis of the political, economic, and technological factors shaping Asian energy markets. Retrieved on 10 July 2013from http://www.bakerinstitute.org/publications/social-cultural-and-religious-factors-influencing-chinas-energy-supply Doing Business 2013. Smarter Regulations for Small and Medium-Size Enterprises. Retrieved on 10 July 2013from http://www.doingbusiness.org/reports/global-reports/doing-business-2013