Get a 100% original essay FROM A CERTIFIED WRITER! The world will be lifeless and dull if there is only one single model and one single civilization." They still blame foreign interference for many of their misfortunes, even if it occurred more than a century ago. I see no systemic risk either in Chinas banking system or in its economy. Sage. Since China is a communist and one-party state, citizen engagement is lower in comparison to democratic states. Shanghainese are up-to-date on the newest trends, whereas Beijingers prefer Qing Dynasty fashion. -- 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. In International Business: Competing in the global marketplace (11th ed.). The paper also highlighted citizen engagement in both countries, either through direct elections in the USA or through the CCP controlled nominations in China. However, both states have a very different political landscape, which is what will be discussed in the paper today. 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. This is the logical extension of China-U.S. competition from the perspective of U.S. economic nationalism. Trumps trade war was an abject failure. The Biden administration is expected to restore that policy and to work within the rules of international institutions, which I expect will defuse tensions. 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. Educated in the United States, he worked for the World Bank and J.P. Morgan and taught at the Wharton School. Some distinctions between the parties. Americans focus on speed and efficiency and will hurry to get things done quickly. However, the country does have branches of government that also include the executive, legislative and judicial branches of government. In China, however, growth has come in the context of stable communist rule, suggesting that democracy and growth are not inevitably mutually dependent. Simmons-Harris Comparative Politics Constitutional Powers Successful Pressure Groups UK and US Constitution Foundations of American Democracy Amendments After the Bill of Rights Articles of Confederation Brutus Papers Checks and Balances Commerce Clause Concurrent Powers Confederation Constitutional Amendment Process Contract with America Would you like to get this essay by email? Accelerate your career with Harvard ManageMentor. Policy makers, in contrast, looking for ways to gain more control and sovereignty over the future, now play a much longer game than the West does. Leninism, however, is essentially a political doctrine; its primary aim is control. In 2020 China had more billionaires than the U.S. did, and it outpaces the U.S. three to one in minting them. Some of its technological successes have been driven by market forces: People wanted to buy goods or communicate more easily, and the likes of Alibaba and Tencent have helped them do just that. For liberals (in China and elsewhere), this is an appalling prospect; but for many ordinary people in China, its a perfectly reasonable part of the social contract between the individual and the state. Its currency appreciated 6% against the dollar last year. Chinas Good War: How World War II Is Shaping a New Nationalism. China is also Apples biggest market for iPhones: It has about twice as many iPhone users as the United States does. Consequently, the freedom of running businesses without much obstacles leads to an increase in modernization and innovation increase and the country realizes better economic growth. But even those concepts lead to considerable misunderstanding on the part of Westerners, who often reduce Confucianism to cloying ideas about peace and cooperation. Until Western companies and politicians understand this and revise their views, they will continue to get China wrong. For example, in making the case for why it should be involved in the UKs 5G infrastructure rollout, Huawei styled itself the John Lewis of China, in reference to the well-known British department store that is regularly ranked as one of the UKs most trusted brands. Although murdering babies and elderly with medical sanctions in multiple too left . Then, in the 1990s, she took advantage of the new economic freedoms, becoming a 30-something entrepreneur in one of the new Special Economic Zones. As well argue in the following pages, these assumptions reflect gaps in their knowledge about Chinas history, culture, and language that encourage them to draw persuasive but deeply flawed analogies between China and other countries. American companies will do so only if U.S. tariffs become more penalizing than moving would be. In Vietnam, there are three different people. 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. He believes Chinese people are fixated on. Some real differences between the two countries do exist, but they have historically managed them without escalating tensions. PAG invested about $100 million in a digital music business in China a few years back which subsequently merged with a similar business and changed its name to Tencent Music Entertainment. In other words, the U.S. position as hegemon doesnt necessarily bring it any economic benefits. There are several major differences: China's system is based on the governance of one political party only (China has 8 other parties that serve in a consultative role). Until that happens, the world will remain unstable as the U.S. aggressively tries to eliminate political diversity. When we first traveled to China, in the early 1990s, it was very different from what we see today. The differences in the political orders of China and the United States are "irreconcilable", making it difficult to keep relations between the two countries on a stable track, a leading. If the U.S. abandons the one-China policy and supports Taiwans independence, conflict will be inevitable, with unimaginable consequences for the world market. There are, however, other forms of citizen engagement at a more local level when electing a township government, which can be done through public recommendation or public nomination ( (Cheng), 2011). The real danger is the Taiwan issue. The past decade has, if anything, strengthened Chinese leaders view that economic reform is possible without liberalizing politics. By 2020 she was intent on seeing her seven-year-old grandson and infant granddaughter (a second child had only recently become legal) do well. The CPC runs the country while the other non communist parties play the role of participatory. These are valid points and deserve to be expanded upon in order to enlighten others further. 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. Even though China has a one-party state, it, however, has eight independent political parties that are controlled by the CCP (CIA, 2020). Accelerate your career with Harvard ManageMentor. Does that create new investment opportunities? Bidens proposals have been criticized as new wine in old bottles, and a kind of tinkering; Trump is regarded by Henry Kissinger as marking the end of an old era. 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. 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 a natural outcome of the decline in U.S. strength. That, perhaps, is why its current president and (more crucially) party general secretary, Xi Jinping, has let it be known that he considers Gorbachev a traitor to the cause for liberalizing as he did, thereby destroying the Communist Partys hold on the USSR. Here and there, yes, but not in a meaningful way in general, and not without harm to itself. Access more than 40 courses trusted by Fortune 500 companies. (2016). This, of course, mirrors the role of U.S. defense and intelligence spending in the development of Silicon Valley. While Bidens policy proposals reflect fading U.S. hegemonistic attitudes, Trump is showing Americans the status quo of U.S. power. 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. What to Know. This means that business contracts are not usually detailed in China since the civil codes do not cover most laws. The critical distinction is that the Chinese system is not only Marxist, its Marxist-Leninist. Learn how to overcome barriers when working globally. Earn badges to share on LinkedIn and your resume. Additionally, before starting a business internationally, it is important to consider additional factors that the law systems of that country do not consider since failure to do so can result in loss of profit. Disclaimer: ProEssays.net is a custom writing service that provides online on-demand writing work for assistance purposes. 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. Its just not liberal reform. It is a global leader in AI, biotech, and space exploration. And the narrative has had some powerful supporters. 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 legal system of a country plays a key role in terms of its marketing and investment opportunities. This shapes the way they make long-term commitments, especially those that entail short-term trade-offs or losses. Borner, S., Brunetti, A., & Weder, B. That history also explains the paradox that the rulers and the ruled in China operate on very different time frames. 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%. Lets imagine the personal history of a Chinese woman who is 65 today. Land use is the most direct manifestation of human activities, accompanied by changes in land cover. 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). Investors have always been enticed by Chinas vast market. Chinas rapid economic growth is the result of its embrace of a market economy and private enterprise. Hire a professional with VAST experience! GM sells more cars in China than in the U.S., Canada, and Mexico combined. Chinas recent history means that Chinese people and the state approach decisions very differently from Westernersin both the time frames they use and the risks they worry about most. Springer. Thats why ordinary Chinese people see Chinese companies such as Alibaba, Huawei, and TikTok as sources of national prideinternational vanguards of Chinese successrather than simply sources of jobs or GDP, as they might be viewed in the West. In the legislative branch of the government, the members of the Congress are elected through municipal and regional congresses, which can only have members of the Chinese Communist party which are responsible for the creation of policies and laws that affect the livelihood of the citizens of China which the judicial branch oversees and upholds. Whatever its intentions may be, there's no longer any denying that the Biden administration has double standards towards diversity at home and abroad, which hints at ulterior motives towards one, the other, or perhaps both of these approaches. For individuals, whove lived through harsh times they could not control, the reaction is to make some key choices in a much more short-term way than Westerners do. The geographic location factor is important since it dictates how well a country can be accessed to do business with and both China and United States have good locations since they are connected to water bodies. 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 Chinese premier less so. Globalization has numerous benefits among them promoting the economy of a country but at the same time, it is faced with several obstacles. She was a Red Guard as a teenager, screaming adoration for Chairman Mao while her parents were being re-educated for being educated. In 2020, a year of severe difficulties all over the world, there was no significant increase in Chinese corporate defaults. Consequently, inequality is greater in China than in the United States, measured by the Gini coefficient. These similarities are real, but they are manifestations of the wealth and personal aspirations of Chinas newly affluent middle class, and they in no way negate the very real differences between the political systems of China and the West. 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. 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