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Leading Countries, Essay Example

Pages: 1

Words: 234

Essay

China and the United States are among the worlds two most predominant economic powers.  China being expected to emerge as a global power by 2020 ” The United States will lose its position as the world’s undisputed leading power over the next decade and a half, with China emerging as a formidable rival, according to a new survey from Germany’s Bertelsmann Foundation.”  (Reuters, 2006).

Historic Positioning

Country Gross Domestic Product 2008 GDP Trend 2009 Exports

2008

Global Economic Growth 2008
China $4.4 trillion ? 8.4% $111 billion + 20%
United States $14.4 trillion ?2.3% $1.3 trillion 23%

 

Country 50 years Ago 100 years ago 200 years ago
China Under communist rule undergoing agricultural reformation A nation in decline under foreign control. The start of  reformation The Quing Dynesty & conflict with the British Empire
United States Emerged as a world power after World War 2 Led the world  production of  Iron and Steel A time of revolution & the forming of a nation

The essential change in economic consistency over 200 years is the lack of dominance and interference of foreign powers. America gained independence and had a civil war. China freed itself from imperialism and dominance from the European powers. Both strived towards self improvement and improved trading relationships through reformations over 200 years. With China it was movement from dynastic powers to that of people power through communist reformation, whereas America consolidated a democratic nation.

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