This study will examine the United States, China, and the United Kingdom's business strategies for political and economic operations. This analysis is aimed at determining if their strategy is working successfully or not. Statistical data has indicated the effectiveness of these governments. The United States scored high in five of seven categories, while the United Kingdom's parliamentary monarchy ranked second in four of seven categories; China's communism ranked third in four of seven categories.
Keywords: Government, Economic Development, International Trade, Human Development, Unemployment
This research was conducted to evaluate the differences in business strategies between the United States, China, and the United Kingdom. In order to examine the three countries and their strategy, each country's government was compared to its economy with the idea that the type of government would effect economic operations. Comparing government to aspects of the economy such as Gross Domestic Product, unemployment rate, national budget, public debt, Human Development Index, imports and exports, and inflation rate, the effectiveness of their strategy can be seen in who fairs better in each category. Surprisingly enough, as a whole, the United States did not fair as well as another country.
Background: The U.S. has the highest level of output in the world, with GDP valued at $12.5 trillion in 2004. The economy experienced a short recession in 2001, which triggered a massive relaxation of fiscal and monetary policies. Economic recovery got fully under way in 2003, but imbalances in the economy that built up during the boom years of the late 1990s, including a low propensity to save, and an unprecedented current-account deficit, still persist and so undermine macroeconomic stability. Inflationary pressures have been kept in check by both structural and cyclical factors (Economist intelligence unit, 2006).
Government: The official name is the United States of America. The form of state is a federal republic and the legal system is based on the constitution of 1787. The federal legislature is bicameral: Senate of 100 members directly elected on a plurality (first-past-the-post) system for a six-year term, with one-third of its seats up for election every two years; House of Representatives of 435 members directly elected on a plurality basis for a two-year term. The Senate has the power to confirm or reject presidential appointments, including the cabinet, and to ratify treaties; the House of Representatives has the sole right to initiate revenue bills, although they may be amended or rejected by the Senate (Economist intelligence unit, 2006).
Powers are constitutionally divided between the executive, legislative and judicial branches, and between the federal and state governments. The president heads the executive branch. The federal legislature, Congress, consists of a House of Representatives, whose members are elected for constituencies based on population, and a Senate, whose members are elected state-wide (two per state). The president is elected every four years and House members every two years. Senators serve a six-year term, with one-third elected at each congressional election (Economist intelligence unit, 2006).
Economy: Below are some aspects of the US economy, illustrating the government's effectiveness in various areas.
Gross Domestic Product: The GDP type that is illustrated in the chart below is GDP per capita. It can be seen that over the past fifteen years, the GDP has increased significantly from 7,530 to 35,750.
Unemployment Rate: The chart below represents the United States' unemployment rates for a ten-year period. While there was a decrease from 1995 to 2000, it began to rise again in 2001.
National Budget: The national budget for the United States for 2005 was as follows: for revenues, there was $2. …