China’s economic system
Each question is 500 to 750 word paper in APA format discussing
Question 1
1.How do you classify China’s economic system, as it currently exists?
2.Has China’s economy undergone a transition? Explain your rationale.
3.What is driving the China economy’s enormous growth in recent years?
4.Has currency manipulation been a factor? Why not, or how so?
5.Will this success continue into the foreseeable future? If not, what might derail it?
Reference
http://blogs.reuters.com/
Question 2
1.Classify the EU economy. Are all of the member nation economies classified the same?
2.Are the U.S. and EU economies linked? Why do you think not, or how so?
3.What measures have the EU (or member nations) taken to mitigate the current economic problems?
4.What is your economic outlook for the EU nations (you may address the EU as a whole or choose a specific member nation)?
Reference
How to Save the Euro–and the EU. By: Farrell, Henry, Quiggin, John, Foreign Affairs, 00157120, May/Jun2011, Vol. 90, Issue 3
Question 3
1.Classify the U.S. economic system.
2.What were the immediate causes of the significant downturn (commonly referred to as the great recession of 2008)?
3.What has the U.S. government attempted to do to correct the situation?
4.Were the government’s steps effective? Why not, or how so?
Reference
McCallum, B. T. (2010). ALTERNATIVES TO THE FED?. CATO Journal, 30(3), 439-449.
https://www.npr.org/sections/
Answer preview
The success will not be foreseeable in the future. Spence (2020) highlights that the factors that drive China’s economic growth are becoming less tenable. China has been focusing on export expansion. In specific, labor-intensive exports have been the leading contributor to economic expansion in China. Recently, the country is losing the competitiveness of labor-intensive export sectors. Secondly, china’s economy will stagnate as its labor-intensive exports will lose competitiveness. In the future, China will only depend on domestic consumption, thus losing its success. Thirdly, the government control of the key economic sectors interferes with the efficiency of the Chinese economy.
[652 Words]
China’s economic system
