Economic Systems of Different Countries

Canada:
The Government of Canada is a Federal Parliamentary Democracy
and a
member of the Common Wealth. The Prime Minister of Canada is the
onorable !ean
Chretien. The De"uty Prime Minister is Sheila Co""s and the Governor
General is
#omeo $e%lanc. There are five ma&or "olitical "arties in Canada they
are' the
Pro(ressive Conservatives) the $iberal Party) *e+ Democratic Party) the
#eform
Party) and the %loc ,uebecois.
The G*P "er ca"ita -.//.0 +as 1./)/23 -in millions0. The
annual G*P
(ro+th +as 2.34. The amount of G*P for defence +as 5.54. The ma&ority
of
+or6ers in Canada are in the Service field -7240) 8ndustry has 524 of
the
+or6ers) and 9(riculture has the remainin( 34 of the labour +or6force.
Canada
has an unem"loyment rate of /.:4 and an inflation rate of 5.24.
Canada;s to" three natural resources are *ic6el) <inc and
Co""er.
Canada;s to" three a(ricultural "roducts include Wheat) %arley) and
Corn. The
three ma&or Canadian industries are automobile manufacturin() lumber
industry)
and "etroleum "roducts. Canada has a healthy tradin( mar6et +ith ma&or
"artners
such as the =nited States) Me>ico) and !a"an. The to" three im"orted
"roducts
are vehicles) foodstuffs) and animal feed) +hile the three ma&or
e>"orts include
vehicles) "etroleum "roducts and natural (as. Canada;s e>"orts vastly
out+ei(h
their im"orts. The balance of trade is 1/)?52)@@@)@@@ -more e>"orts
than
im"orts0.
Canada;s economy is a mar6et economy based on free enter"rise
and the
ideolo(y of ca"italism. 9s a Canadian citiAen you are free to buy and
sell as
you "lease on the o"en mar6et) so lon( as you are +ithin the la+.
Since Canada
is a democratic state +e are (uaranteed these ri(hts and freedoms.
Canada has a
very efficient economy. We have an unem"loyment rate of only /.:4 and a
reasonably small inflation rate. Canada has been rated as one of the
best
countries in the +orld B CoincidenceC
*i(er:
The Government in *i(er is a re"ublic in +hich there is a
President and
a Prime Minister. The President of the #e"ublic of *i(er is Mahamane
Dusmane.
The Prime Minister is ama 9madou. There are five ma&or "olitical
"arties.
They are' The *ational Movement for the Develo"in( Society) The
Democratic and
Social Convention) *i(erian Party for Democracy and Socialism) The
*i(erian
9lliance for Democracy and Pro(ress) and The =nion of Pro(ressive
Patriots and
Democrats.
*i(er has a Gross *ational Product "er ca"ita of 1::@ -in
millions0.
There is an annual G*P (ro+th of ..34) @..4 more then the allotted
funds for
defence. The ma&ority of the labour force +or6s in a(riculture -3:40)
the
service field re"resents 2/4 of the +or6ers) and the remainin( .E4 are
em"loyed
in the industrial field) +hich is declinin( at a rate of 5.74 "er year.
*i(er relies on its three to" natural resources) +hich are'
=ranium)
Coal) and 8ronFDre. The three main a(ricultural "roducts are' Millet)
Sor(um)
and Pulses. *i(er;s Gma&orH industries are based in the fields of
Cement)
%evera(es) and %eer. *i(er is a country in +hich there are many more
im"orts
than e>"orts. The three main im"orts are' foodstuffs) cereal) and
su(ar) +hile
the three ma&or e>"orts are' =ranium) Foodstuffs) and $ivestoc6. *i(er
is one
of the +orld;s "oorest countries. Their economy is centered on
subsistence
farmin(. =ranium) their ma&or e>"ort throu(h the ./7@;s and ./?@;s)
revenue has
dro""ed by :@4 bet+een ./?2 and .//@ -end of cold +ar0. *i(er;s
balance of
trade is 1I:?)@@@)@@@ and they carry a debt of 1..5 billion. Dne =.S.
dollar is
eJual to 1:5/ of their currency the Communaute Financiere 9fricane
Francs.
*i(er has a traditional economy similar to many other 2rd World
*ations.
#ecent studies +ould su((est that 3F: of their ma&or e>"orts relate to
livestoc6
and a(riculture -hides and s6ins) ve(etables0. Their economy is very
inefficient because of the fact that they im"ort more than they e>"ort)
althou(h
that is not al+ays ne(ative) a third +orld nation +hich remains in debt
+ill
never "ros"er.
!a"an:
!a"an is a Constitutional Monarchy +ith a fi(ure head of Em"eror
96ihito
-son of irohito0. !a"an;s Prime Minister (oes by the name of Tomiichi
Murayame.
There are three ma&or "olitical "arties +ithin !a"an. These "arties
include
the $iberal Democratic Party) the !a"an Socialist Party) and the
Democratic
Socialist Party.
The G*P "er ca"ita for !a"an is 15:)3E/ -in millions0) +hile
havin( an
annual G*P (ro+th of 34. !a"an;s s"ends a limited amount on defence
eJualin(
only .4 of their G*P. !a"an is a country +hich "rovides many services
to its
"eo"le. Si>ty "ercent of the labour force is dedicated to servin( the
"eo"le.
9n additional 2:4 of !a"an;s +or6ers are involved in the 8ndustrial
mar6et) the
remainin( :4 are em"loyed in 9(riculture. !a"an is an island in +hich
level
(round is a scarcity and as a result) so is a(riculture.
!a"an is a country +ith limited *atural #esources. !a"an
im"orts ra+
materials and then transforms them into finished "roducts +hich it then
e>"orts
around the +orld. !a"an;s only natural resources are Fish and
$imestone. The
three main 9(ricultural "roducts (ro+n are rice) "otatoes) and su(ar
beets.
!a"an;s ma&or industries include 8ronFSteel) Cement) and Pa"er. Since
fish is a
ma&or "art of the !a"anese diet it is also one of their lar(est im"orts
alon(
+ith foodstuffs) and machinery. The three to" !a"anese e>"orts include
vehicles)
office eJui"ment -com"uters) "hotoco"iers) etc.0) and Scientific
EJui"ment.
!a"an has a remar6able balance of trade even thou(h their im"orts
out+ei(h their
e>"orts. Their balance of trade is 1E2):?@)@@@)@@@.
!a"an is a mar6et economy) much li6e Canada and the =nited
States.
Fifty years a(o !a"an +as virtually invisible on the economic scene due
to
!a"an;s demise in WW88. !a"an has overcome its adversities and risen
from the
ashes to become an economic su"er"o+er in the /@;s. !a"anese citiAens
have the
o""ortunity to ma6e lar(e "rofits throu(h hard +or6 in their desired
fields.
!a"an has one of the most effective and efficient economies in the
+orld.
=nem"loyment is at a minimum and labourers are +ell ta6en care of by the
cor"orations +hich "romise lifetime em"loyment -a ha""y +or6er is a
"roductive
+or6er0.
China:
The Peo"le;s #e"ublic of China is based on the Communist system
of
Government initiated by Mao TseItun( in the "revious decades. The
current
President of China is Kan( Shan(6un. The Premier of China is $i Pen(
and the
Central Military Commander Chairman is !ion( <emin. There are only t+o
6ey
"olitical "arties +hich reside in China. They are the Chinese
Communist Party)
and the China Democratic $ea(ue.
The G*P "er ca"ita in China is 13E@ -in millions0. Their G*P is
(ro+in(
at a rate of .@.:4 "er annum. China s"ends a fair amount of its G*P on
defence
-2./40. The bul6 of the Chinese labour force is involved in 8ndustry
-:240.
ThirtyIfour "ercent +or6 in 9(riculture and the remainin( .24 are
involved in
services for the "eo"le. China;s three ma&or natural resources consist
of Coal)
8ronFDre) and Petroleum. Chinese a(riculture is based lar(ely on their
o+n diet
of rice) +heat and corn. The ma&or Chinese industries are 8ronFSteel)
Cement
and FertiliAers.
China e>"orts considerably more than they im"ortant) their
balance of
trade is 1/).E:)@@@)@@@. Their to" e>"orts include te>tiles) metal
"roducts)
and rubber "roducts) +hile im"ortin( machinery) vehicles) and te>tiles.
The economy in China is a Command economy in +hich a central
authority
o+ns *atural and Ca"ital resources. The (overnment decides +hat to
"roduce)
ho+ to "roduce it and +hom to "roduce it for. 9s a result initiative
and morale
is lo+ amon( the "eo"le as there is no incentive for hard +or6. $ac6
of freedom
for the "eo"le results in (oods bein( "roduced inefficiently. The idea
of a fe+
men "lannin( an economy is very com"le> and could not "ossibly fulfill
the
Production Possibility Curve -PPC0.