1. The Economics of the United States and China
Although the power of the U.S. economy is undeniable, many recent economic problems have had a significant, negative impact upon it, indicating it is far from impervious to harm. ... In contrast, while the economy of the U.S. can best be characterized as a powerhouse under threat, the economy of China can best be characterized as an emerging economy. Since its transition from a command-based communist economy, China's growth has been stratospheric. In 2012, China was the world's second-largest economy, right behind the U.S. However, Chinese growth has been more sluggish in recent yea...
- Word Count: 668
- Approx Pages: 3
- Grade Level: High School