American and Chinese economies Research Paper Example | Topics and Well Written Essays - 1750 words

American and Chinese economies - Research Paper Example China and the United States economies are both the strongest economies in the world and despite the major differences they have, the major economic challenges they face are actually similar. Both countries have bifurcated economies with challenges in providing middle-class employment with talent shortage at the top while middle-class workers do not have jobs. China has 40percent unemployment rate while graduates in America are facing tough job markets. Another similarity is in education reforms, in America education programs to meet the high employment rate are not well structured, and China, on the other hand, has many engineers but they lack creative thinkers. The tax reforms in both economies create an imbalance the economy. The United States economy is the best national economy in the world. The United States dollar is the most utilized cash especially for universal exchange. It has an economy that is blended and it has managed to keep the gross domestic product steady for decade s now  (Jorgenson & Wessner, 2014). China, on the other hand, has a socialist market economy and it embraces predominance of an open market economy and a state possessed area. In China, the government possesses all property while in America private individuals own property. China outpaces America in population, while America has a long way to go to the extent of the population. China has the high level of inequality but it is concerned with poverty reduction, while America has worst poverty levels.

Asnwer 2 questions need to be answered Essay Example | Topics and Well Written Essays - 1000 words

Asnwer 2 questions need to be answered - Essay Example More so, outdoor media like billboards contain features that attract and captures the needed attention from the pedestrians, and that is why it offers the best business opportunity. This is a fact because irrespective of technological revolution that advanced mass media offers, like efficient means of mass communication, social networking and advertisements, the outdoor media still dominates the mass media industry (Gosselin, 2007). Though the print media through magazines and other printed materials could offer the best business opportunities, online media have challenged it by presenting printed information via the internet; hence, allowing outdoor media to be the major traditional industry to stand out in the digital world and offer the best business opportunities. The media industry that faces the greatest challenge in the digital universe is the print media. The print media use physical objects like newspapers, books and other physical aspects relay its message. The print media existed since the 15th century and gradually grew to a reliable source of information over the centuries until it started diminishing in the 21st century (Fingleton, 2009). The greatest challenge that faces the print industry is the rising generation of consumers who yearn for efficiency and speed in acquiring any form of presented information. This same generation finds it hard attending libraries or visiting the magazine stalls to buy printed pieces of information, and still find it tiresome to peruse over numerous pages in search of the needed content. The other reason that challenges the print media is availability of the internet, which seems to grant the rising generation the right thing by allowing them acquire any needed content from any book or magazine throu gh online. This is a fact because internet sources like Google books and Amazon grants