But looking back over her life story, one can see why even many young Chinese today may feel a reduced sense of predictability or trust in what the future holdsor in what their government might do next. Jimmy Dore delivered a monologue on the history of the Russia-Ukraine conflict and how a "tiny cabal" are using the situation for profit on Friday's broadcast of 'Tucker Carlson Tonight' on FOX News. However, the beliefs and positions of political parties change over time, so . With less than a quarter of Chinas population, America has a death toll about 100 times Chinas and counting. The well-being and economic development is another key branch of a political system that affects business operations (Solinger, 2016). China, however, has been able to sustain and grow its economy as much as it practices a command economy. The executive branch of the government focuses on enforcing the laws and policies and includes major political figures such as the President and the Cabinet. The vehicles for much of this investment are still the CCPs Soviet-style five-year plans, which include the development of what Xi has termed an eco-civilization built around solar energy technology, smart cities, and high-density, energy-efficient housing. Learn how to overcome barriers when working globally. Hence, we need to understand, compare, and learn from leading values in China's political culture. Consequently, inequality is greater in China than in the United States, measured by the Gini coefficient. These are the reforms China is makingand they need to be understood on their own terms, not simply as a distorted or deficient version of a liberal model. 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. Decisionsby both individuals and the stateabout how to invest all serve one purpose: to provide security and stability in an unpredictable world. It is important to understand the background of the. Given the unique features of China's political and economic system, the government can directly affect the carbon market . And what if the market itself is in China? Nobody can take America's newfound domestic support for diversity seriously until it finally starts applying the same principles abroad like China does. The Chinese political system is dominated by multiparty cooperation as well as political constitution under the direction of the Communist party of China (CPC), but the USA is governed by the western style of multiparty system. China and the United States significantly differ in terms of the economic, legal and political system but this does not stop them from being the top two nation with the biggest economy worldwide. China has also defied predictions that its authoritarianism would inhibit its capacity to innovate. In conclusion, it is not possible to have a unanimous decision on which political and economic practice is best for the entire universe. Even though the nominations are provided by the CCP, citizens can vote for their township and village elections, and in some places, there are direct elections. Mandarin. 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. This is the best approach for one to have and ensures that its partnerships remain everlasting. Both countries have human rights issues, although in different forms. A Marxist system is concerned primarily with economic outcomes. References Borner, S., Brunetti, A., & Weder, B. 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). 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. Under this view, whether or not other countries are free and democratic, or whether others deem the U.S. to be so, matters less than the economic benefits the U.S. deserves, including a favorable balance of trade and jobs. Additionally, human development is also key for countries to realize full economic growth. Examination of School Shootings and Student Safety from International and Non-International Armed Conflict, Comparison Between Democracy Vs. 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. In 2020, a year of severe difficulties all over the world, there was no significant increase in Chinese corporate defaults. The Chinese political system is dominated by multiparty cooperation as well as political constitution under the direction of the Communist party of China (CPC), but the USA is governed by the western style of multiparty system. Responding, however, will only escalate a lose-lose war, and the entire international community will suffer as a result. The President and the National Peoples Congress, which is the main body of the country, are all elected by the Peoples Congress. For the Chinese, the key to those outcomes is respect for an appropriate hierarchy, itself a means of control. 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, 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. 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. 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. Investors anywhere should invest in a socially responsible way to advance human rights, adhering to a high standard for labor practices, gender equality, investment in human capital, and charitable contributions. 10. Business in the United States moves at a different pace from China. Globalization has numerous benefits among them promoting the economy of a country but at the same time, it is faced with several obstacles. 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. Today he is the CEO of PAG, a $40 billion private equity firm based in Hong Kong. In Canada, it is a . Chinese Foreign Minister Wang Yi made an excellent remark about political systems across the world while speaking with the U.S. Council on Foreign Relations last week. 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. 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. Many in the West accept the version of China that it has presented to the world: The period of reform and opening begun in 1978 by Deng Xiaoping, which stressed the need to avoid the radical and often violent politics of the Cultural Revolution, means that ideology in China no longer matters. But because human beings tend to believe that other humans make decisions as they do, this may be the most difficult assumption for Westerners to overcome. The differences between people of different cultures far outweigh their similaritiesI believe that differences in people of different cultures far outweigh their similarities.. The Stages of Strategic Crime Analysis Report. When the United States formed its constitution, it specifically dictated the unalienable rights of every person. Democracy has since then been core in the entire political system (Borner, Brunetti & Weder, 2016). Even in Beijing many people wore Mao suits and cycled everywhere; only senior Chinese Communist Party (CCP) officials used cars. Depending on the conditions surrounding a case, the law system allows special consideration to such as a case. In terms of political system, China is unique to all other countries in the world since up to date it is still run by a Communist party (Nolan, 2012). Americans Dont Know How Capitalist China Is, A version of this article appeared in the. Many Chinese believe that the countrys recent economic achievements have actually come about because of, not despite, Chinas authoritarian form of government. According to this view, economic growth and increasing prosperity will cause China to move toward a more liberal model for both its economy and its politics, as did those countries. The U.S., on the other hand, is infamous for its self-deluded belief in so-called "American Exceptionalism," to which end it obsessively seeks to force all others to change their ways in order to replicate its own radically. 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. Thus many Chinese consumers prefer the short-term gains of the stock market to locking their money away in long-term savings vehicles. The United States has had the world's largest economy for about 140 years, and it roughly accounts for 22% of global GDP. The executive branch of the government holds the highest position of head of state and the cabinet as well, which is appointed by the National Peoples Congress. : Statist Legacies and Market Reforms, 1980-90: Statist Legacies and Market Reforms, 1980-90. 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. The legal system of a country establishes regulations and laws that maintain and indicate the basic values of an entire nation. That figure is higher than in all Western countries (for example, only 53% of U.S. individual investors trade this frequently); its also even higher than in neighboring Hong Konganother Han Chinese society with a predilection for gambling and a similar, capital-gains-tax-free regime. 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 truth, then, is that China is not an authoritarian state seeking to become more liberal but an authoritarian state seeking to become more successfulpolitically as well as economically. In fact, the pandemic has made the world more dependent on Chinese exports, which grew 21% in November over the previous year. Hill, C. (2017). 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? 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. Obviously the ideology of nationalist identification under the pandemic has greatly roughened the political landscape for China and the U.S. But even those concepts lead to considerable misunderstanding on the part of Westerners, who often reduce Confucianism to cloying ideas about peace and cooperation. One thing hasnt changed, though: Many Western politicians and business executives still dont get China. So a Marxist-Leninist system is concerned not only with economic outcomes but also with gaining and maintaining control over the system itself. The world will be lifeless and dull if there is only one single model and one single civilization." Land use is the most direct manifestation of human activities, accompanied by changes in land cover. Had she been born in 1955 in almost any other major economy in the world, her life would have been much, much more predictable. 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. 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 civil law system only allows the judge to make his or her judgment basing on the law and should not consider other factors surrounding the business. In the political system of the United States, Democrats are largely associated with liberalism (a political philosophy based on belief in progress) while Republicans are associated with conservatism (a political philosophy based on tradition and social stability). Citizen engagement is a necessary facet of not just American politics but also a democratic state. Here and there, yes, but not in a meaningful way in general, and not without harm to itself. The United States has a democratic system, but in countries . In much Western analysis the verb most commonly attached to Chinas reforms is stalled. The truth is that political reform in China hasnt stalled. Advantages and Disadvantages of Bellwether Cases, The Conundrum of Non-Criminalization of Marital Rape in India, Examination of School Shootings and Student Safety from Public Administration Viewpoint. Why do leaders in the West persist in getting China so wrong? Accelerate your career with Harvard ManageMentor. Weijian Shan understands the delicate U.S.-China dynamic as well as anyone. And with handy apps such as Xuexi Qiangguo (Study the powerful nation and a pun on Study Xi) to teach the basics of thinkers including Marx, Lenin, Mao, and Xi Jinping, political education is now a 21st-century business. China is a great example of a country undergoing a transition as not many years ago it used to practice socialism but now it has transitioned to a dynamic market making it have a second largest economy in the entire world overtaking many great nations. Earn badges to share on LinkedIn and your resume. Disclaimer: ProEssays.net is a custom writing service that provides online on-demand writing work for assistance purposes. Hence the old joke that Chinas definition of a win-win scenario is one in which China wins twice. In the early days of the outbreak, the Trump administration tried everything possible to downplay the severity of the situation attempting to secure the economy and votes in a presidential election year. The space for the two sides to compromise and collaborate has narrowed extremely rapidly. Today its traded on the New York Stock Exchange with a market cap of about $45 billion and has more than 800 million unique active users. What are the biggest risks for Chinas economy in the coming years? What are the dangers in Americas continued demonization of China? However, there are usually lawful ways to get around that. Which serves U.S. interests better, a free and democratic China, or an authoritarian China that identifies with U.S. leadership? One example is the reinvention in the late 2010s of the Central Commission for Discipline Inspection. China has been shifting away from an investment-driven growth model to one led by private consumption. Ambition like that cant be realized without state interventionrelatively fast and easy but often brutal in China. Some of these challenges are brought about by differences in legal, political and economic systems of different countries. Yet as soon as that ideological cover is removed, internal contradictions immediately reveal themselves. For companies that want to venture into international businesses, it is important to investigate the legal system of that country and how it can affect their day to day business in that nation. The . Political credibility and economic development. While Bidens policy proposals reflect fading U.S. hegemonistic attitudes, Trump is showing Americans the status quo of U.S. power. As a result, economic growth came in tandem with social progress (through, for example, legislation protecting individual choice and minority rights), which made it easy to imagine that they were two sides of a coin. Federal and state governments wrangled and blamed each other over the pandemic response, exposing public discontent with the efficacy and legitimacy of the government, as well as the internal strife in society. This is a belief alien to many Western business executives, especially if theyve had experience with other authoritarian regimes. That means not that these people are unconcerned with long-term outcomes but, rather, that their risk aversion increases significantly as the time frame lengthens. All the work should be used in accordance with the appropriate policies and applicable laws. Its stated purpose was to reduce Americas trade deficit. 13 Cultural Differences Between the U.S. and China Social Structure Confrontation/Conflict Self Face/Reputation Business Relations Morals Recognition of the Dead Humility Time Sensitivity Respect Multiculturalism Lack of Personal Space Respect for Elders 1. Seventy years on, many Chinese believe that their political system is now actually more legitimate and effective than the Wests. Until Western companies and politicians accept this reality, they will continue to get China wrong. A candid observer of Asian society and business, Shan is the author of Out of the Gobi: My Story of China and America and the newly published Money Games: The Inside Story of How American Dealmakers Saved Koreas Most Iconic Bank. In such a system innovation is limited since people do don feel motivated to come up with brilliant business ideas because undesirable laws keep on blocking them. (2012). The CPC runs the country while the other non communist parties play the role of participatory. China's lead over the U.S. is especially clear in Germany, the Netherlands, the Czech Republic and France, where people are at least 10 percentage points more likely to see China as the leading economy. 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. At every point since 1949 the Chinese Communist Party has been central to the institutions, society, and daily experiences that shape the Chinese people. Regardless of who wins, it is unlikely that one of the . Ideological competition between China and the U.S. in recent years comes in three basic models: The nationalist hegemony model that ultimately serves U.S. hegemonistic purposes in the international community. With its democratic society, the U.S. is unable to prevent financial capitalism from swelling, or to take dramatic action against vested interests to formulate a model under which finance and industry mutually optimize and complement one another. Recognizing that the authoritarian Marxist-Leninist system is accepted in China as not only legitimate but also effective is crucially important if Westerners are to make more-realistic long-term decisions about how to deal with or invest in the country. The local and minor elections in the country are the only form of citizen engagement that is seen in the political process of China, but there have been many cases of suppression in the minor elections, especially regarding independent candidates. The political system of China has been operational since its establishment for 50 years. 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. At 22,000 miles, it is twice as long as the rest of the worlds combined. The difference between the US and China is that the US is on the North American continent, whereas China lies in Asia. The United States had maintained a fairly consistent foreign policy until Trump. These officials preside over different tribunals and committees, which can range from civil, administrative to communication, and transport cases. 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? World economies keep on changing and countries are also made to change for them to remain competitive. China and the United States are one of the strongest economies in the world, and both nations are considered superpowers and have contributed significantly to global politics and culture. The CPC runs the country while the other non communist parties play the role of participatory. Changes that have been reported but not yet acted on by BGN are noted. A Shanghai journalist is paid by her state-controlled magazine to fly around the world for stories on global lifestyle trends. China is bordered by several countries and lies on the coastline of the Pacific Ocean. 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. These are valid points and deserve to be expanded upon in order to enlighten others further. 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 top diplomat also condemned the U.S.'s description of his country as "authoritarian" simply because its democracy is different than America's. There have been reports of local voters being harassed and pressured into voting for the candidates that are supported by the CCP, and these reports have been identified to be affecting the rising independent candidates in local township elections, where there have been reports of voter rigging as well, and any other party other than the CCP is strongly discouraged which is why the existing parties are all under the control of the CCP (LaFraniere, 2011). Therefore, a country's political system can be assessed effectively by using aspects such as collectivism or individualism and totalitarianism or democracy. Get a 100% original essay FROM A CERTIFIED WRITER! Consequently, running international businesses has become significantly easier than ever before. 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. This approach is counterproductive and has generated immense resentment against the U.S. across the world. 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. In our work we have come to see that people in both business and politics often cling to three widely shared but essentially false assumptions about modern China. China and the United States are one of the strongest economies in the world, and both nations are considered superpowers and have contributed significantly to global politics and culture. Obviously, as an economy develops and new problems emerge, all social systems need certain reforms. For much of its turbulent modern history, China has been under threat from foreign powers, both within Asia (notably Japan) and outside it (the UK and France in the mid 19th century). Chinas GDP is forecast to grow 7% to 8% this year. The country will need to continue to reform and privatize its state-owned firmsand shift from investment to private consumptionor it will not be able to sustain its growth. Are you seeing a significant shift in supply chains out of China? Nations without better access to such facilities depend on their agriculture and natural resources to enhance economic growth. The major focus of government expenditure is domestic infrastructure. Sometimes, in fact, it must sacrifice economic benefits for political or military ones. 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. Not completely and not without very high costs. (b) The national average SP of CO2 is 266.8 US dollars per ton, which is much higher than the carbon price in the emission trading system. And when Xi announced, in 2017, that the three critical battles for Chinas development would fall in the areas of reducing financial risk, addressing pollution, and alleviating poverty, he also made it clear that the objective of these reforms was to solidify the system rather than to change it. 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. It is a global leader in AI, biotech, and space exploration. But the state-owned sector remains too big and inefficient. In the countryside life retained many of its traditional elements. Yet they found common ground to work in mutually beneficial ways. 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. 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