Country (China) Research Paper Example | Topics and Well Written Essays - 1250 words

Country (China) - Research Paper Example As a function of seeking to understand and find the current economic situation that China faces today, the following analysis will not only provide a brief historical glimpse into the determinant factors which it helps to define China within the way it can currently be understood, the analysis will also be contingent upon discussing the outlook and ramifications of economic policies that are currently engaged within the People’s Republic of China. Through such a unit of analysis, it is the hope of this author that the reader will gain a more informed understanding with respect to the determinants of Chinese economic policy as well as the threats and potential weaknesses that the nation faces within the immediate and distant future. Firstly, in seeking to answer the question of whether or not the People’s Republic of China can be considered as a triad nation, the reader must understand that triad nations are defined as those nations that only represent 8% of the world's total population – but account for 50% of its gross domestic product. Due to the fact that the Chinese population is currently in excess of 1.3 6 billion individuals, it cannot be assumed or understood that China is in any way indicative of a triad nation. Whereas it is true that the GDP of China is massive, the population differential that is thus far been discussed ultimately convinces the reader that China cannot be considered as such. Currently, China exhibits an unbelievably low unemployment rate of around 4.1%. Before discussing or analyzing this statistic to a further degree, it must be understood and appreciated that many of the statistics that come out the People’s Republic of China are ultimately suspect. Without casting further aspersions upon the way in which the People’s Republic of China is administered, it must be understood that the Communist Party is ultimately the sole power that directs the fiscal and economic policy within the People’s Republic of China. As such, the level and extent to which this entity can be relied upon for verifiable truth and reasonable statistics may well be quite limited. However, notwithstanding this fact, the rate of unemployment that is exhibited within the People’s Republic of China is astoundingly low. By means of comparison, the gross domestic product of the People’s Republic of China is currently in excess of $8.20 trillion dollars. Somewhat surprisingly, the GDP per capita, measured within the same 2012 time period, only stands at $6090. As can relatively be noted, the GDP per capita as compared to the total gross domestic product of the entire nation is quite low; blending a level of understanding with regards to why she labor is so abundantly available within China and helping the reader to come to an understanding of why the People’s Republic of China continues to the a producer of so many consumer goods that require simple and complex levels of application. Many economists and businessmen alike have termed China’s rapid growth as an economic miracle. Part of the reason for this is the fact that the GDP growth rate between the period of 1990 and 2010 averaged approximately 12%. Although the GDP growth rate currently stands at a lower level due to the 2007/2008 economic slowdown,

Joseph G. Mccoy Historic Steches of the Cattle Trade of the West and Article

Joseph G. Mccoy Historic Steches of the Cattle Trade of the West and SouthWest 1874 - Article Example The author aptly refers to Red river and northern states, which endorses the fact that McCoy encourages the Texans to take the herds from Texas to Abilene, Kansas. 2. While taking the history of the document under-examination into account, it becomes evident that the author appears to be discussing the herds’ trade phenomenon as well as social circumstances during the years of civil war that had captured the USA during mid 1860s. In addition to this, the circumstances discussed in the document also ratify the situation of unrest and chaos in various states of America. Furthermore, McCoy has also cited the years 1866 and 1867 while creating the article. Nevertheless, the article was written in 1874, almost six to seven years after the incident had taken place. Making such a long delay while creating the article may arise some doubts regarding its validity. Somehow, the original date of the happening of the circumstances would certainly be few years before the document was produ ced. Consequently, the writer would surely be collecting the memories of the years between 1868 and 1870. So, the event discussed in the document would have taken place by 1868-70. 3. In the document under-study, McCoy has elucidated the problems faced by the cattle owners during and after the American Civil War era. These issues include the carrying of the cattle from one area to the remote regions of the vast country, dealing with the customers belonging to divergent states, bargaining problems while selling the cattle, deceit and frauds inflicted upon them by the swindlers, contagious diseases the cattle caught and price issues while entering into deals with the buyers. Moreover, McCoy has also described the physical dangers observed by the drovers including the life risks as well as of getting attacked or robbed during their long and dreary journey with the aim of selling the animals. Hence, the author has skillfully elaborated various challenges the longhorn dealers had to unde rgo during late 1860s. 4. The document under the title Historic Sketches of the Cattle Trade of the West and Southwest narrates in third person the developments and challenges related to the herds owners, entrepreneurs, traders, ranchers and dealers while carrying and shifting the cattle from one state to the others by applying different methods, manners and sources of communications according to their resources and financial positions. The author has cited the names of various cities and states related to the herd trade, which include Texas, Chicago, Illinois, Quincy, Hades, Leavenworth, Kansas and Abilene. The description of the chronicle of events in such in-depth details endorses the concept that either McCoy had directly been involved in the cattle trade as an entrepreneur, or had kept and owned the longhorn herds by himself. Furthermore, having well informed with regards to the prices, number and affairs of the cattle proves him as a full time cattle entrepreneur. 5. It is a f act beyond suspicion that writers, poets, philosophers and intellectuals serve as the brain of society, who by dint of their thoughtfulness, guide the other members of society by showing the right path and by pointing out the evils and problems prevailing within some particular area, region or community. The same is also applied to McCoy, who has also elucidated the challenges that used to arise on the way of