The United States is regarded as the largest national economy of the world in its nominal terms, and in accordance with its purchasing power parity, it is the second largest (Henderson, 2014). The GDP of the country in the year 2015 was 17,947.0 billion dollars (Bureau of Economic Analysis, 2016). Whereas China is regarded as second largest economy of the world in terms of nominal GDP, and the largest economy of the world in terms of purchasing power parity (Lei & Yao, 2008) . Further, according to Tse (2010), China is the fastest growing economy in the world. The industries in the United States are highly diversified (Baez, 2010).
The country is considered as a world leader and an innovator of high technology. It is maintaining the second largest output of industries in the world. The major industries of the country are steel, petroleum, telecommunications, electronics, food processing, lumber, consumer goods, aerospace, motor vehicles, and mining. The main industries of China are manufacturing, mining, power, and construction. The gap between wealth and poverty is high in the United States. Income inequality is continuously growing in the United States. Wages for the richest 1 percent of Americans has above doubled between the years 1979 and 2011 (Frohlich, 2015). Similarly, in China, the gap between the rich and poor is widening, and about 300 people in China are living below the poverty line (Scutt, 2015).
The government structure of the United States comprises of three major divisions, which are the legislative, the executive, and the judicial branch. The head of the government called the President Shares powers with the judiciary system and congress. Congress and judiciary work independently of each other, but they are dependent on each other for decision making. The United States is a Federal Constitutional Republic, so the constitution that is prevailing in the country is the supreme law of the land. The constitution of the United States, however, provides the description of the government form that should be considered and followed.
However, Hofstede Dimension of the United States and China can be analysed from the following table.
It can be analyzed from the above table 1 that power distance or inequality is more pronounced in China as compared to the United States, individualism is more in the United States as people do not want to work in the form of groups, both China and the United States are masculine nations, uncertainty avoidance is low in China, and indulgence is more in the United States, which means that the United States is not restrained but China is a restrained nation.
Furthermore, Christianity is the predominant religion in the United States, whereas Confucianism is major religion in China. As far as gender relations are concerned in the United States, they are based on the norms and standards that are formed and created by the society. In the United States, male members enjoy dominance, power, strength, and aggression, whereas females are passive and subordinate. However, there is variation in the standards of gender role in the United States because of variations in culture. The standards in the United States differ as they are dependent on age, ethnicity, occupation, and education. This can be considered from an example that African American families do not show much adherence to the strict role distinctions on the basis of gender when they are socializing their children, but Mexican American families evidently show gender differences. In China, males have power and authority, sexism is prevailing in the workplaces, and women are weak and passive in China.
Moreover, Healthcare is provided by several organizations in the United States. However, about 60% to 65% of the spending and healthcare provisions are from the programs that include Medicaid, Medicare, Veterans Health Administration, and Children’s Health Insurance Program (Fraser, 2012). People, however, also get insurance facility through their own employer, or through the employer of their family member. They may purchase health insurance or they may remain uninsured. The government also plays its role in this regard by providing health insurance facility to public sector employees.
In China, the Healthcare system reform is known as healthcare system transition (Hillier & Shen, 1996). Treatment in China is available in the international clinics, in private hospitals, and in public hospitals. The healthcare system of China is, however, hospital centered. Education in the United States is provided by public and private schools. Before, higher education, children in the United States have to complete their primary and secondary education from primary and secondary schools for a period of combined 12 years. Whereas, in China, education is a state run system, that is controlled and supervised by the Ministry of Education (Fingar & Reed, 1982). It is necessary for all citizens in China attend school for a minimum of 9 years, which is called nine year compulsory education, and this education is funded by the government (Su, 2002).
In the United States, a variety of food products is available at low cost. The food system of the United States indicates an association or link between production practices and behaviors of consumption. Agricultural production in the United States is making the country self-sufficient in production of food. China is focusing on training of suppliers in order to ensure maintenance of food quality from farm to the factory (Lupo, 2014). China is better able to manage its food system as compared to other countries of the world because of its effective supply chain, government system, and different or unique culture of people (Lupo, 2014). According to Bureau of Labor Statistics (2015), the median age of male labor force in the year 2014 was 41.8, and 42.0 for female labor force. The median age of male workers in China is noted as 37 for the year 2014 and 2015 (Statista, 2016).
In conclusion, both countries are managing different aspects of their economy and country in an effective manner.
References
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