CHINA VERSUS USA

China versus USA

China versus USA

This brief discussion will present a comparison between the cultural, economic and social characteristics of US and China in an attempt to assert that it is much better to live and do business in China than it is in the USA. In order to do so adequately, the discussion will make use of a Geert-Hofstede index graph comparing China & the US. Each of the 5 indicators that constitute the Geert-Hofstede index graph will be carefully detailed to shed light on the rationale that favors the discussion's thesis. The discussion utilizes the compare and contrast form of writing in which the presentation of facts about the US is followed by the presentation of facts about China; followed immediately by the comparison of the two and a discussion based on the comparison.

Untapped China & Exhausted US

China is a rapidly developing global superpower. The language barrier that kept the east and west apart has diminished in the last few decades; allowing people to make use of Chinese resources and opportunities (Clark & Monk, 2011). These resources and opportunities had essentially remained inaccessible for the larger part of the last century. As a result, there are far more opportunities in China then there are in the USA. This is substantiated by the fact that the last global economic recession had minimal impact on the Chinese economy; in comparison to which the USA economy fell disastrously and had to be resuscitated with bail outs that drew much criticism and heated debates from the general public (Kawai & Zhai, 2009). China, in comparison, managed to cope with the adverse impacts and therefore got back in the driver's seat with much less effort and time than the USA. This should be taken as proof of the inadequacy of the USA economic system and the competency of the Chinese economic system. It therefore comes as no surprise that there is no shortage of foreign investment in China.

This can be further verified by looking at the external debt of the two countries; in which case China has a clear advantage over the US. External debt is an excellent perimeter to gauge a country's performance in the last few years since it takes influence from economic and political decisions taken in the past (Globerman & Shapiro, 2009). As a result, the external debt that a country has at any one point reflects on the independence and economic strength that a country wishes to achieve in the future. The US ranks at top of the list of countries where external debt is concerned, with the other global powers such as the UK, France and Germany ranking in at second, third and fourth positions respectively; in comparison to which China ranks at seventeenth place.

Living and doing business in China gives an individual a significant competitive advantage. This competitive advantage originates as a combined effect of a few critically important factors. China has the affordable man power that is crucial for mass ...