Economic analysis of USA and China
Identify two countries of your choice, one that has recently experienced relatively strong and robust
economic growth and one that has had relatively weaker economic growth. Find some economic data on
both countries that you think could inform an analysis of differences in the economic growth rates of both
countries. Such data might include GDP per capita measured in common currency, e.g. US dollars),
unemployment rates, human capital development index, literacy rate, population growth, index of
economic freedom, level of investment, savings rate, inflation rates, etc.
Required:
Prepare a report that is designed to evaluate how the differences in the economic growth in both
countries can be reconciled with your knowledge of theories of economic growth. You should use
economic data you gathered on both countries to justify your answers. While you are free to structure
your report as you feel appropriate, it should include:
1. discussion of the economic conditions of both countries
2. appraisal of how growth theory can explain differences in the economic grow rates of both
countries using data you gathered (You can present some of this data in graphical or table form.)
3. whether the strong growth country prospects for continued strong economic growth might be
limited; and, if so, what policy you would recommend to offset this?
4. whether the weak growth country prospects for growth will be further limited; and, if so, what
policy you would recommend to offset this?
economic growth and one that has had relatively weaker economic growth. Find some economic data on
both countries that you think could inform an analysis of differences in the economic growth rates of both
countries. Such data might include GDP per capita measured in common currency, e.g. US dollars),
unemployment rates, human capital development index, literacy rate, population growth, index of
economic freedom, level of investment, savings rate, inflation rates, etc.
Required:
Prepare a report that is designed to evaluate how the differences in the economic growth in both
countries can be reconciled with your knowledge of theories of economic growth. You should use
economic data you gathered on both countries to justify your answers. While you are free to structure
your report as you feel appropriate, it should include:
1. discussion of the economic conditions of both countries
2. appraisal of how growth theory can explain differences in the economic grow rates of both
countries using data you gathered (You can present some of this data in graphical or table form.)
3. whether the strong growth country prospects for continued strong economic growth might be
limited; and, if so, what policy you would recommend to offset this?
4. whether the weak growth country prospects for growth will be further limited; and, if so, what
policy you would recommend to offset this?
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Over the past decade, the economy f China has been doing extremely well, an aspect that led to some observers thinking it could surpass the United States economy. Over the same period, the economy of the United States on the other has been doing extremely worse. The climax of the United States’ poor economic performance was in 2009 when the world was experiencing global recession. However, the nation’s economy has recovered since then, and had a GDP of $17.711 trillion in 2014, which was a decrease from the previous……………
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