Comparison of the US and Chinese Economies

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Essay #: 065403
Total text length is 6,221 characters (approximately 4.3 pages).

Excerpts from the Paper

The beginning:
Comparison of the US and Chinese Economies
This paper will compare and contrast the US economy to that of China, and conclude with the possible prospects both countries will face moving into the future. As different as the economies of these two counties are considering such factors as the GDP, unemployment rate, production output, and industry focus, they are closely dependent on each other from a trade perspective. However, regardless of the Chinese economy’s unprecedented growth in the last three decades, it is uncertain whether or not it will become the world’s dominant economy (Levingston).
When comparing the total economic output of both countries it is immediately apparent that the US economy is the stronger of the two. Even though...
The end:
.....e Global Economy. New York: Penguin Group, 2008. Google Book Search. Web. December 15, 2010. Web. <http://books.google.ca/books?id=_Rv1FsAuOSAC&pg=PT79&dq=compare+usa+economy+to+china's&hl=en&ei=QWEJTYD_A46ssAPhqqGlDg&sa=X&oi=book_result&ct=result&resnum=5&ved=0CEcQ6AEwBA#v=onepage&q&f=false>
Unemployment in China. November 29, 2010. China Labour Bulletin. Web. December 15, 2010. Web. <http://www.clb.org.hk/en/node/100060>
US-China Business Council, The. China and the US Economy: Advancing A Winning Trade Agenda. Recommendations for the New Administration and Congress. January 2009. December 15, 2010. <http://www.uschina.org/public/documents/2009/china_policy_recommendations.pdf>