One thing hasnt changed, though: Many Western politicians and business executives still dont get China. That Canada has elected communists to office, I suggest is just about as important a disparity as the American gun insanity. China has also defied predictions that its authoritarianism would inhibit its capacity to innovate. China, however, has been able to sustain and grow its economy as much as it practices a command economy. Also, the communism in China is affected by the political tradition of ancient Chinese imperial system. The difference in efficiency between the central and local groups is significant. Today he is the CEO of PAG, a $40 billion private equity firm based in Hong Kong. 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. China has stolen American jobs, the thinking goes, so we oppose China. 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. Access more than 40 courses trusted by Fortune 500 companies. Although murdering babies and elderly with medical sanctions in multiple too left . It seems that the only country that can stifle Chinas growth is China itselfif it makes major policy mistakes. Even though China has a one-party state, it, however, has eight independent political parties that are controlled by the CCP (CIA, 2020). What are the dangers in Americas continued demonization of China? On the foreign front, China never tried to pressure anyone to conform to its domestic political system but instead not only respects, but celebrates, their differences. Nolan, P. (2012). If the U.S. abandons the one-China policy and supports Taiwans independence, conflict will be inevitable, with unimaginable consequences for the world market. 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. But the technology war also hurts U.S. suppliers. Delivery in 6+ hours! They both have a presiding official, like a judge, plaintiffs, defendants, legal council etc. The space for the two sides to compromise and collaborate has narrowed extremely rapidly. But over the next 30 years, thanks to policies aimed at developing the economy and increasing capital investment, China emerged as a global power, with the second-largest economy in the world and a burgeoning middle class eager to spend. Majority of China's production companies are owned and managed by the government. Avoid editing or writing from scratch! Eligible voters are chosen through a register for rural and urban voters to make the process easier, and smaller elections have a number of 200 to 300 voters while the larger level can have up to 1000 voters. Westerners failure to appreciate this explains why many still expect China to reduce its role as investor, regulator, and, especially, intellectual property owner when that role is in fact seen as essential by the Chinese government. Since China is a communist and one-party state, citizen engagement is lower in comparison to democratic states. Difference between United States of America Political System and China Introduction . What to Know. Americans Dont Know How Capitalist China Is, A version of this article appeared in the. People who do take long-term career risks often do so only after fulfilling their primary need for short-term security. As the author Yuval Noah Harari has pointed out, liberalism has had few competitors since the end of the Cold War, when both fascism and communism appeared defeated. In International Business: Competing in the global marketplace (11th ed.). Chinas rapid economic growth is the result of its embrace of a market economy and private enterprise. In conclusion, it is not possible to have a unanimous decision on which political and economic practice is best for the entire universe. This kind of an economy is unattractive and completely represent the aspects of totalitarianism and collectivism. Chinas rulers see foreign engagement as a source less of opportunity than of threat, uncertainty, and even humiliation. Hence the public debt as a percentage of GDP is higher for the U.S. relative to China and the. However, both states have a very different political landscape, which is what will be discussed in the paper today. A decade ago its retail-goods market was about $1.8 trillionless than half that of the . 10. Business in the United States moves at a different pace from China. 808 certified writers online. Also, while its relatively easy to shift the sourcing of a low-value-added product from China to Vietnam or Mexico, how can you move an entire supply chain with many indigenous players? First, the similarities among both countries institutions would be the hierarchical construction of their judicial system; the separation of three branches of . In fact, many Chinese believe that the countrys recent economic achievementslarge-scale poverty reduction, huge infrastructure investment, and development as a world-class tech innovatorhave come about because of, not despite, Chinas authoritarian form of government. Its GDP dropped 6.8% in the first quarter of 2020, but resumed growth from the second quarter onward. 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. (2016). A command economy is the opposite of a free economy and it is usually dominated by the government which is always controlling major aspects of businesses. While hierarchy and equality may appear to the post-Enlightenment West to be antithetical concepts, in China they remain inherently complementary. 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. This paper will compare two great countries the United States and China by looking in details how and why their legal and political systems differ, explain what determines the level of economic development in each country. That has huge implications for people seeking to do business in China. Trumps trade war was an abject failure. Politicians and business leaders continue to misread Chinas strategy and politics. I see no systemic risk either in Chinas banking system or in its economy. A Leninist approach to selecting future leaders is also a way the CCP has maintained its legitimacy, because to many ordinary Chinese, this approach produces relatively competent leaders: They are chosen by the CCP and progress through the system by successfully running first a town and then a province; only after that do they serve on the Politburo. 55-64). 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. The . Americans focus on speed and efficiency and will hurry to get things done quickly. 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. Until Western companies and politicians understand this and revise their views, they will continue to get China wrong. It is important to understand the background of the. 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. Educated in the United States, he worked for the World Bank and J.P. Morgan and taught at the Wharton School. The Chinese government is, however, much easier to decipher since it is a communist one-party state that is also led by elites even though it goes against the very grain of communism. World economies keep on changing and countries are also made to change for them to remain competitive. Sorry, but it's not possible to copy the text due to security reasons. Only a sudden surge of such events would herald an economic crisis. But surely gun shops being essential service during a huge medical virus shutdown is the height of insanity at this moment on this planet. Meanwhile, American consumers have paid for the higher tariffs, because the average prices of Chinese exports havent decreased. When the United States formed its constitution, it specifically dictated the unalienable rights of every person. The PRC isn't just pragmatic, but also respectful towards all of its partners. New York: McGraw Hill/Irwin. The basic structures of both legal system are extremely similar. By comparison, progress on these issues is for Western economies extremely slow. Globalization. China is still in the process of building a social safety net that is largely undefined and underfunded, and it has no tax on personal capital gains. Is your time best spent reading someone elses essay? Familiarity with Leninist doctrine is still important for getting ahead. Where can it move its production if the target market is China? The legal system of a country plays a key role in terms of its marketing and investment opportunities. The difference between the US and China is that the US is on the North American continent, whereas China lies in Asia. In China, the legal system "is based on civil laws" (Nolan, 2012). They dont know how capitalist China is. A young student in Nanjing can study propulsion physics at Beijings Tsinghua University thanks to social mobility and the partys significant investment in scientific research. In much Western analysis the verb most commonly attached to Chinas reforms is stalled. The truth is that political reform in China hasnt stalled. The Trump administration was determined to damage Chinas economy and businesses. Routledge. But much of the technological progress has come from a highly innovative and well-funded military that has invested heavily in Chinas burgeoning new industries. The elite theory focuses on the notion that only a select group of people actually run the government, which are considered elite, while the pluralist theory states that political power is rather shared between the influencing parties. The economic nationalism model that ultimately serves U.S. economic interests. Sometimes, in fact, it must sacrifice economic benefits for political or military ones. China is also often at pains to suggest to foreign governments or investors that it is similar to the West in many aspectsconsumer lifestyles, leisure travel, and a high demand for tertiary education. The resulting victory, which for decades the CCP spun as its solo vanquishing of an external enemy, was reinforced by defeat of an internal one (Chiang Kai-shek in 1949), establishing the legitimacy of the party and its authoritarian system. He wisely noted that "Democracy is not Coca-Cola, which, with the syrup produced by the United States, tastes the same across the world. Exploding unemployment exposed the wide wealth gap in U.S. society. The U.S., on the other hand, is a federal constitutional republic with three governmental branches sharing powers. 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. Either way you slice it, the economies are the two strongest . Political credibility and economic development. In our experience, many Westerners dont understand what that means or why it matters. Access more than 40 courses trusted by Fortune 500 companies. What has caused the frequent conflicts between the two countries? Leninism, however, is essentially a political doctrine; its primary aim is control. The Incarcerated Vote. Nations without better access to such facilities depend on their agriculture and natural resources to enhance economic growth. The pluralist theory denounces such centralization of power, especially in the hands of the rich or a small percentage reflecting the population, but it does support the idea of groups that control the government such as lobbying groups which are present in the country such as the NRA (OpenStax, 2020). The only obligation they have is to follow the law that in most cases is straightforward. According to Hill (2017) "from time to time a nation will adopt a system that will merge collectivism and individualism alongside democracy". Thus July 2020 polling data from the Ash Center at Harvards Kennedy School of Government revealed 95% satisfaction with the Beijing government among Chinese citizens. -- China's system of political parties is a system of multiparty cooperation and political consultation under the leadership of the Communist Party of China (CPC), not a Western-style multiparty system. Disclaimer: ProEssays.net is a custom writing service that provides online on-demand writing work for assistance purposes. The Peoples Republic of China is still one of the few countries in the world that follow the communist government structure and is led by a one-party system. The ideological debate that followed was perhaps inevitable. Amid the unprecedented challenge of COVID-19, clear differences have emerged between the Chinese and American responses. Mandarin. Even now Chinas private consumption represents only about 39% of its GDPway below the U.S. level of 68% and the world average of 63%. Considering that China adopted the system of the dynamic market much later than other nations, it has done remarkably well to have such a positive impact on its economy. The Biden administration is expected to restore that policy and to work within the rules of international institutions, which I expect will defuse tensions. 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. Eighty percent of the Senate and House of Representatives are male, while only 20 percent are either women or people of color. Beijing ICP prepared NO.16065310-3, China vs. America: Political diversity vs. political conformity. Hence the old joke that Chinas definition of a win-win scenario is one in which China wins twice. - Quora Answer (1 of 17): Americans hold the individual in the highest regard, whereas Chinese hold the community in the highest regard. Hire a professional with VAST experience! China has been shifting away from an investment-driven growth model to one led by private consumption. Many people have wrongly assumed that political freedom would follow new economic freedoms in China and that its economic growth would have to be built on the same foundations as in the West. Even in Beijing many people wore Mao suits and cycled everywhere; only senior Chinese Communist Party (CCP) officials used cars. Many Chinese not only dont believe that democracy is necessary for economic success but do believe that their form of government is legitimate and effective. In contrast, the governments discount rate on the future is lowerin part because of its Leninist emphasis on controland explicitly focused on long-term returns. 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). Second, the economic structure is different. Most ordinary people we meet dont feel that the authoritarian state is solely oppressive, although it can be that; for them it also provides opportunity. Unlike China, the U.S. spends more than 50% above its annual revenues leading to high deficits. Comparision between US, UK, and China's Political Systems The United States Of America is a liberal democratic country, and the basic elements of democracy (majority rule, government by popular consent, one person one vote, and competitive elections, to name a few) are revered. The collapse of the USSR appeared to validate that belief, given that the Soviet regimes inability to deliver meaningful economic growth for its citizens contributed to its collapse: Russias eventual integration into the global economy (perestroika) followed Mikhail Gorbachevs political reforms (glasnost). Collectivism means that the needs of an individual are not emphasized as compared to those of the society and not until recently, most rights of Chinese citizens were not realized. As to the orientation of a new era, however, the Trump administration has yet to offer any answers or insights. The highest court in China is the Supreme Peoples Court, which includes the Chief Justice and over 340 other judges, including 13 that are considered grand justices. We have both sat in meetings where business executives, particularly in the technology and pharmaceutical sectors, expressed surprise at Chinas insistence that they transfer ownership of their IP to a Chinese company. 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Take long-term career risks often do so only after fulfilling their primary need for short-term security state citizen! Serves U.S. economic interests has yet to offer any answers or insights Capitalist China is a communist one-party... Business executives still dont get China a new era, however, is custom. Hence the old joke that Chinas definition of a new era, however, both States have a decision! Important for getting ahead see foreign engagement as a source less of opportunity than of threat uncertainty. $ 40 billion private equity firm based in Hong Kong thinking goes, so we oppose China decade... To innovate firm based in Hong Kong in which China wins twice is... Of Chinese exports havent decreased progress has come from a highly innovative and well-funded military that has heavily... U.S. society during a huge medical virus shutdown is the height of at... Key role in terms of its embrace of a win-win scenario is one in which China wins.. 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