Obama Care In China Essay

Healthcare in America is a very complex system. It is very different from what it used to be. It is moving from what was considered an indemnity type of care plan into a more managed care plan. There are a lot of factors that has influenced the fast growing system. Factors that are considered a contributing to this is the growth in the US population, people are living longer than before. An increase in technology, easier access to information. There is an alarming growth rate in the allied healthcare professionals. The cost and dependence on drugs and the pharmaceutical cost has increased. The rising cost of individual and family healthcare insurance. Because of the rising cost of malpractice insurance, case settlement and jury awards.

Throughout history, China has been the center of many developments allowing for it to establish itself as an advanced society, one that has lasted through a number of dynastic cycles, an attempt towards the creation of a Republic, and still existing, People’s Republic of China, under the rule of China’s Communist party. Throughout this turbulent history China has made much advancement in site of its setbacks and has allowed itself to grow immensely and increase its stature, making it one of the world’s great powers.

China has always been renowned for being successful in the domains of science and arts, however in previous decades, China has been ravaged by famines, civil discomfort and foreign outsourcing. China was consumed by this injustice until well after the Second World War when Mao Zedong introduced Communism adapted from the U.S.S.R, and created an autocratic socialist system which imposes firm constraints upon the Chinese social, political and economic system. It wasn't until the 1980's China's following leader Deng Xiaoping who focused focused on developing China into a

When one thinks about the quality of life in China, people assume that they are thriving due to the booming markets in their big cities. However, most of China is considered rural and conditions are not like that of those in the city. Over the past decade, China has invested time and money into developing their power grids and the development of roads and highways, amongst other things. Their increase in infrastructure has increased the quality of life for everybody involved. Because they are able to hire cheap labor, they have been able to employ hundreds, if not thousands, in order to continue their growth, which makes way for quality of life improvements. According to the Federal Reserve Bank of Atlanta, “China spent 9% of GDP on infrastructure...” (Laurel Graefe). That is a very measurable amount of money!

The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.

“Xi Jinping’s Remedy for China’s Economic Gloom Has Echoes of Reagan” describes Xi Jinping’s new economic policy that is different from past Chinese governments and socialist countries. His new remedy sounds more like Reagan and Thatcher than Marx and Mao. Reagan and Thatcher had made many right economic decisions such as lowering taxes and reducing the government burden on investors. Both leaders were taking on challenges and innovating under heavy pressure. After Xi came to power, He has made significant changes. He reorganized China’s military and schemed a campaign against corruption. From all the signs, he is considered the most powerful man after Mao and Deng. Mao and Deng had absolute power during

China is a growing country; its population is about 1.4 billion, and as of 2014, the Chinese economy is the world’s second largest (in terms of nominal GDP,) totaling approximately US$10.380 trillion, with a growth rate of 7.4%, and the GDP per capita is US$3,619.4. From last century to this century, China has had significant improvements in their economic development. China had been in three major crises during the last century: the 20th century. The Fall of Qing Dynasty, World War II, and Civil War in China, all of them struck China in a destructive way. From the end of the 20th century, China was in a fast-developing mode.

Any political changes in a nation result in a decline of investor confidence resulting in the withdrawal of investments in the nation leading to economic recession. The article notes that only time will tell the ability of China’s president to implement the Deng Xiaoping economic-reform strategy. In a demonstration of hyperbole, the authors note that the future economic growth of China represents a “$42 trillion question”, which represents the difference in the GDP gains in 2033 if the nations continue to observe progressive economic growth, in comparison to the projected growth during the next 20 years considering the world’s average (WSJ). There is an increased struggle to attain the balance in regard to the middle income-gap trap.
There are warnings from different economies that have predicted a

Over the past twenty years, China has grown ten percent annual growth and lifted nearly half of the 1.3 billion which is 800 million people out of poverty and growth in the middle class. Today, China boasts having the world’s second-largest economy.

Henderson, Callum. China on the Brink: The Myths and Realities of the World's Largest Market. New York: McGraw-Hill, 1999. Print.

Economically in the past fifty years, China has raised the standard of living in the country by keeping birth rates down. Access to Earths natural resources in the area has increased since 1980. The Chinese has plenty of land for agriculture, food supply, water and gas resources to sustain presently.

Close to four decades ago, China’s economy was under centrally-controlled, stagnant and isolated from the global economy. Then everything changed after 1979 when the foreign trade investment and free market reform was implemented. Not long after it was implement China’s become the world 's fastest growing economy and now the largest economy in the world surpassing even United States. Today, China is focusing on a more sustainable growth pattern and implementing changes to industry and economic structure.

Since the initiation of the economic reform and opening up policy in 1978, China has experienced a rapid economic growth over the last few decades. An average growth rate of 10% per year in gross domestic product (GDP) has transformed China into the second largest economy with GDP of $9.240 trillion dollar in 2013. Over 500 million people were lifted out of poverty as a result of its economic success. As one of the world’s fastest growing economy, China has expanded their economic presence globally, with trading partners all over the world. Benefiting from its demographic dividend and globalization, China has become the manufacturing powerhouse and a major contributor to the world’s economy. About 232 countries import goods from China with U.S, Japan, and Korea being the major importers of Chinese products.1

Felipe et al (2013) estimated that it was unlikely for China to continue registering high growth rate any longer since its past thirty years’ development has created wonders but also inefficiencies and imbalances. We have witnessed China’s inevitable deceleration in recent years with annual GDP growth rate declining for five years in a row, which fell to 7.35% in 2014. According to several growth projections, China’s average annual growth rate

The exceptional growth of China’s economy after opening itself to the global markets is one of the biggest examples of transformation of a Country. Within the span of 35 years, from being one of the poorest countries it emerged as the 2nd biggest economies.