Lets be honest: A rising China may be a threat to Americas economic and technological supremacy, but not to its national security, because China doesnt export its ideology or political system and doesnt seek regime change anywhere in the world. Editor's note: Andrew Korybko is a Moscow-based American political analyst. Social Structure In China, the social structure is formal and hierarchical. In this interview he talks about the accessibility of the Chinese market, Americas demonization of China, what the Chinese dont understand about the U.S., and more. This suggests some obvious hypocrisy on the part of the Biden administration and perhaps even a lack of sincerity with respect to the domestic causes that it supports. Even though China is diverse in its ethnic groups, it is still a relatively high homogenous group, which is also reflected in its politics. Delivery in 6+ hours! The U.S. also repeatedly provoked China using freedom and democracy as a pretext. HBR: Chinas economy seems to be the healthiest in the world at the moment. Educated in the United States, he worked for the World Bank and J.P. Morgan and taught at the Wharton School. In this system, the courts depend on the set legal codes by which the juries are only allowed to make their judgment basing on these codes. While the U.S. political system is partly inspired by the British example, it differs in many important respects. In November 2020 Chinas trade surplus with the U.S. was 70% greater than it had been in January 2017, when Donald Trump took office. ProEssays website, please click below to request its removal: Liked this essay sample but need an original one? Solinger, D. J. One reason China can spend so much on infrastructure is that its defense budget, after years of increases, is still only about a quarter that of the United States. Moving from Beijing to Shanghai has made my Mandarin worse. You cant become a senior leader in China without having proved your worth as a manager. Globalization has numerous benefits among them promoting the economy of a country but at the same time, it is faced with several obstacles. for only $16.05 $11/page. When individuals have the powerto realize their dreams, they will demand a greater say.. Chinas leaders argue that its essentially Leninist rule book makes Chinese politics far less arbitrary or nepotistic than those of many other, notably Western, countries (even though the system has its share of back-scratching and opaque decision-making). The United States and China are different in almost every way in their social norms, administrative policies, economic reforms, and the vastest difference in their political ideology. Empowered by Xi to deal with the corruption that had become so prevalent early in that decade, the commission can arrest and hold suspects for several months; its decisions cannot be overturned by any other entity in China, not even the supreme court. As the situation worsened, Trump had to rise and respond, only to find more problems revealing themselves hundreds of thousands of confirmed cases of infections awaiting treatment, medical equipment in short supply, the fatal consequences of the hollowing out U.S. industries. Americans Dont Know How Capitalist China Is, A version of this article appeared in the. In contrast, the U.S. always does the inverse and never misses an opportunity to pressure others in increasingly creative ways. Hence the old joke that Chinas definition of a win-win scenario is one in which China wins twice. The old imperial bureaucracy helps modern Chinese to make the government started on more efficient point to absorb interest than any other countries (King, F. J., The United States and China Fourth Edition, 1979, A major turning point was the financial crisis of 2008, which in Chinese eyes revealed the hollowness of the Washington consensus that democratization and economic success were linked. The economic nationalism of the U.S. since Donald Trump assumed office is related to the hegemony promoted by the Obama administration and the current leading presidential candidate of the Democratic Party, Joe Biden. The founding fathers of USA forecasted their nation to be one that respects and follow basic human rights and Biblical ideas as guidance. The United States government structure is one of the largest democracies in the world and has been considered by many as one of the perfect democracies which the country and its citizens have prided themselves over. After all, if it genuinely believed in the merits of diversity at home, it wouldn't try to snuff out political diversity abroad. Much of Donald Trumps rhetoric and his actions on China were meant to deflect attention from his leadership failures at home, such as neglecting his duty to protect the public from the coronavirus. Is it that Chinas development doesnt conform with the values of freedom and democracy, or that Chinas growing strength is a threat to U.S. hegemony? Citizen engagement is integral to the success of every country, whether it be regarding the social welfare or economics of the country, and since both these countries play such a huge role in the International Arena, the comparison of their citizen engagement will be analyzed in this paper. Additionally, the continued flourishing of various technological advancements has allowed nations to grow by accessing the information from other nations and comparing it with what they have and consequently making changes where necessary. In other words, the U.S. position as hegemon doesnt necessarily bring it any economic benefits. However, the country does have branches of government that also include the executive, legislative and judicial branches of government. People who do take long-term career risks often do so only after fulfilling their primary need for short-term security. All the work should be used in accordance with the appropriate policies and applicable laws. The nationalist identification model that serves the U.S. goal of self-identification. Between 1990 and 2009, investment from China to all of Latin America was about $7 billion. Here and there, yes, but not in a meaningful way in general, and not without harm to itself. Chinas rulers, therefore, see foreign engagement as a source less of opportunity than of threat, uncertainty, and even humiliation. Therefore, a country's political system can be assessed effectively by using aspects such as collectivism or individualism and totalitarianism or democracy. The CPC runs the country while the other non communist parties play the role of participatory. Does that create new investment opportunities? By comparison, progress on these issues is for Western economies extremely slow. That has political implications, of coursefor example, that the public ownership of assets is necessary to ensure an equal distribution of wealthbut the economic outcomes are the focus. How accessible is it these days? Hill, C. (2017). The Trump administration was determined to damage Chinas economy and businesses. Some manufacturing has been relocated away from China since the trade war with the U.S. began in 2018, but that hasnt made a dent in either Chinas exports or Americas trade deficit. A democratic state is supposed to be free and fair, and the President of the country is also chosen by the citizens to lead them through the crisis and to provide them with basic necessities and human rights. China is among the most open markets in the world: It is the largest trading nation and also the largest recipient of foreign direct investment, surpassing the United States in 2020. However, the beliefs and positions of political parties change over time, so . The United States has had the world's largest economy for about 140 years, and it roughly accounts for 22% of global GDP. Nevertheless, these changes do not seem to stand any chance of influencing its foreign policymakers, who remain convinced of their system's superiority relative to all others. Accept that economic development in China will not inevitably lead to democracy; acknowledge that the Chinese regard their government as both legitimate and effective; and recognize that while Chinese consumers have short-term horizons, their rulers are focused on the countrys long-term security. Springer. Nations without better access to such facilities depend on their agriculture and natural resources to enhance economic growth. Conversely, the US law system basis its law from cases held previously and judges uses this as an example when determining most cases that are similar to the present one. That means that despite the trade war, the technology war, and the capital warthe U.S. governments restricting American investment in ChinaChinas GDP will most likely be 10% bigger in 2022 than it was in 2019, whereas the U.S. economy probably will only recover to 2019 levels by 2022, according to the International Monetary Fund. Sage. But this argument overlooks some fundamental differences between China and the United States, Japan, Britain, Germany, and France. 55-64). When we first traveled to China, in the early 1990s, it was very different from what we see today. When Nixon first visited China, in 1972, the differences between the two countries were vast, in political and economic systems and of course in ideology. That history also explains the paradox that the rulers and the ruled in China operate on very different time frames. All these testify to the strength of the Chinese economy. Businesspeople and politicians in the West hold outdated beliefs about the second-largest economy in the world. He was born in China, and his life was upended during the Cultural Revolution, when he was sent off to do farm labor in the Gobi Desert. In this view, Trump wont necessarily lose if he fails to bring the pandemic under control; but if he fails to save the U.S. economy, his fate is sealed. Investors have always been enticed by Chinas vast market. The one long-term asset class in which increasing numbers of Chinese are investedthat is, residential property, ownership of which grew from 14% of 25-to-69-year-olds in 1988 to 93% by 2008is driven also by the need for security: Unlike all other assets, property ensures a roof over ones head if things go wrong, in a system with limited social welfare and a history of sudden policy changes. And believing that Chinas economic growth would have to be built on the same foundations as those in the West, many failed to envisage the Chinese states continuing role as investor, regulator, and intellectual property owner. China has been shifting away from an investment-driven growth model to one led by private consumption. ), Copyright 2020 CGTN. Both countries have a Judicial, Executive, and Legislative branch. Hence the public debt as a percentage of GDP is higher for the U.S. relative to China and the. Familiarity with Leninist doctrine is still important for getting ahead. Where can it move its production if the target market is China? The Stages of Strategic Crime Analysis Report. Until Western companies and politicians accept this reality, they will continue to get China wrong. However, in recent times China has overtaken the US by at least one measure of total economic strength, which is GDP based on purchasing power parity (PPP). The article reflects the author's views and not necessarily those of CGTN. For instance, a business that wants to invest in China from the US, it must be prepared for more restrictions and should not expect Chines courts to consider the condition that leads to a certain situation since their law does not permit this. Eager for experience, she took a job as an investment analyst with a Shanghai-based foreign asset manager, but despite a long-term career plan mapped out by her employer, she left that company for a small short-term pay raise from a competitor. Its aggressive handling of Covid-19in sharp contrast to that of many Western countries with higher death rates and later, less-stringent lockdownshas, if anything, reinforced that view. By 2008 she was making the most of the rise in disposable incomes by buying new consumer goods that her parents could only have dreamt about. Springer. The geographic location of a country, its educational, political and legal systems plays a key role in the economic well-being of a country. The Communist Party of China (CPC) harbors no supremacist beliefs and doesn't plan to export its governing model abroad. The difference in efficiency between the central and local groups is significant. It continues apace. China and the global economy. What's most ironic about this observation is that domestic American politics are nowadays focusing on the merits of diversity, yet its foreign policy is exclusively predicated on conformity. For international business management of doing business in a country like China, it can sometimes get hard since it is not possible to function liberally as in a democratic nation. The Communist Party of China does not give the citizens any chance to question the existing and it has total control of everything going on in the state (Solinger, 2016). The main difference between Chinese and US politics is the political ideologies, and one is founded on a democratic yet capitalist system while the other has been led through decades on a Communist and one-party system. After all, each is the others largest trading partner, and China has lent more than $1 trillion to the U.S. government by holding U.S. Treasury bills. Born in 1955, she experienced as a child the terrible Great Leap Forward famine in which 20 million Chinese starved to death. The closing meeting of the fifth session of the 12th National People's Congress is held at the Great Hall of the People in Beijing . The policies that are discussed in the Legislative Branch on the government are also through the civic engagement process, where the representatives elected by the citizens seek to change the policy or create one to serve them (lumen, 2020). Additionally, in such a system, services and products are distributed and offered by the individuals working privately and independently with limited regulation from the government. Demonstrators shout "Don't shoot" at the police after curfew as they protest the death of Daunte Wright who was shot and killed by a police officer in Brooklyn Center, Minnesota, April 12, 2021.

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