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Diversity of Political and Economic Systems Around the World

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Diversity of Political and Economic Systems Around the World
There are many theories for a successful economic system. There are debates whether

which type of government is most ideal. But perhaps no one ideology is correct. Countries that

have different cultures, histories, and governments can all be economically successful. This can

be seen by looking at the United States, Egypt, and China. The differences in these countries are

immense- from the number of political parties, to how much control the government has or even

how it is set up. However, even with their differing systems they all have one thing in common:

all three have posted positive economic growth over the last few years in, for the most part,

stable national political climates.

The United States has had a very stable political system since the nation declared it’s

independence in on July 4th, 1776. The nation’s government is a constitution-based federal

republic representing a population of over 313 million citizens (CIA). There are a plethora

of political parties that represent the wide ranging views of the nation’s citizens. The most

prominent political parties are the Democratic, Green, Libertarian and Republican parties (CIA).

Transfer of power in the United States has always been peaceful, even when transitioning

between two opposing parties in a widely disputed election as was the case in the 2000

presidential election. The executive branch of the United States includes the President, who is

the head of state, as well as the Vice President. The President and Vice President are both elected

together on the same ticket by a college of electors who are directly elected by each state. The

President and Vice President serve a term of 4 years and can serve a maximum of 2 terms. The

Legislative branch is a bicameral system consisting of the Senate, housing 100 seats, and the

House of Representatives, which houses 435 seats. Members of the Senate and the House of

Representatives are directly

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