Comparative analysis of China and the United States: population and gross national product

China Largest Country in World

China the Largest Country in the World

China is the largest country in the world. You are thinking about marketing your product in their country. Your information must be current (NLT2004). You are to conduct a comparative analysis between China and the United States. You are to determine the population of China, the mean gross income, the gross national product (GNP).

When you compare the United States with China, it is clear that the U.S. is a more developed nation. Evidence of this can be seen by: comparing the median income and the GNP of both counties. As the U.S. has an average income of $47,200.00, while China has median income levels of $7,600.00. In the case of the GNP, the U.S. is much larger than China with their economy realizing $14.66 trillion in total output for 2010. Whereas China; is experiencing GNP productivity rates of $5.878 trillion. When you look at the below graph, it is illustrating the overall differences between the two countries. ("China," 2011) ("United States," 2011)

The Median Gross Income and GNP of the United States vs. China

These different figures are important because they are showing how the median income levels are nearly seven times higher in the United States. While the GNP rate (in the U.S.) is double the levels that China is experiencing. As a result, this is illustrating how China is continuing to grow in order to reach the same level of economic development of the United States. ("China," 2011) ("United States," 2011)

Choose two countries from South American and two countries from Asia. Conduct a comparative analysis with inflation rates, interest rates, exchange rates in comparison with the United States, discuss the economic system of these countries, whether they are mixed economies, etc., discuss the economic slowdown and what factors could have contributed to it, discuss whether economies are moving towards private ownership and how.

Two Southern American economies that we are examining include: Bolivia and Columbia. As, far as Bolivia is concerned, they have: an inflation rate of 2.5%, interest rates of 3.0% and exchange rates of 7.04. When you compare this to the U.S., they have a higher inflation rate than their 1.6% that was reported, there are lower interest rates of .5% and the exchange rate is 7.04. This is an indication that the U.S. is a mixed economy. The impact of the slowdown was more severe in America. This is because the economy was exposed to sudden changes in commodities prices. While Bolivia is a net commodities exporter, this helped to shield them against the negative effects of recent recession. As a result, the U.S. is moving towards private ownership by continuing to lower government regulations. Alternatively, Bolivia is heading towards nationalization, with the government taking control of several key industries over the last several years. ("Bolivia," 2011)

In the case of Columbia, they have: an inflation rate of 2.3%, interest rates of 5.0% and exchange rates of 1,869. When you compare this to the U.S., Columbia has higher inflation and interest rates. This is an indication that they are more of a mixed economy that has a close trading relationship with the U.S. As, both countries are considered to be free markets-based with an emphasis on deregulating industries. However, Columbia is also net exporters of manufactured goods and agricultural products. This means that they realized a mild slowdown of 1.5% GDP growth during 2009 (the heart of the recession). As a result, this is an indication that the economy is moving towards privatization and improving economic development. ("Columbia," 2011)

The two Asian countries that we will be examining include Japan and South Korea. As far as Japan is concerned, they have: an inflation rate of -.7%, interest rates of .3% and an exchange rate of 87.78. When you compare this to the U.S., both countries are considered to be mixed economies. The high levels of trade between the two have meant that Japan was affected by slowing demand in the U.S. This caused their economy to experience a contraction of -6.3% during 2009. As a result, both nations are moving towards increased private ownership. This is a part of an effort, to improve competition among firms because of globalization. ("Japan," 2011)

In the case of South Korea, they are currently experiencing: an inflation rate of 3.0%, interest rates of 1.25% and an exchange rate of 1,153. When you compare this to the U.S., South Korea was impacted less by the last recession. This is because the majority of their trade is conducted with China. In 2009, this helped the economy to avoid a recession by realizing .2% GDP growth in 2009. As a result, both economies are moving towards increasing the overall amounts of private ownership. ("South Korea," 2011)

The below table is comparing the inflation rate, interest rates and exchange rates to the above countries with the United States.

A Comparison of Economic Activity of the U.S. In Comparison with Two South American and Asian Nations