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Economic Systems of Different Countries

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Economic Systems of Different Countries Powered By Docstoc
					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
Honorable Jean
Chretien. The Deputy Prime Minister is Sheila Copps and the Governor
General is
Romeo LeBlanc. There are five major political parties in Canada they
are; the
Progressive Conservatives, the Liberal Party, New Democratic Party, the
Reform
Party, and the Bloc Quebecois.
         The GNP per capita (1991) was $19,934 (in millions). The
annual GNP
growth was 3.4%. The amount of GNP for defence was 2.2%. The majority
of
workers in Canada are in the Service field (73%), Industry has 23% of
the
workers, and Agriculture has the remaining 4% of the labour workforce.
Canada
has an unemployment rate of 9.5% and an inflation rate of 2.3%.
         Canada's top three natural resources are Nickel, Zinc and
Copper.
Canada's top three agricultural products include Wheat, Barley, and
Corn. The
three major Canadian industries are automobile manufacturing, lumber
industry,
and petroleum products. Canada has a healthy trading market with major
partners
such as the United States, Mexico, and Japan. The top three imported
products
are vehicles, foodstuffs, and animal feed, while the three major
exports include
vehicles, petroleum products and natural gas. Canada's exports vastly
outweigh
their imports.    The balance of trade is $9,823,000,000 (more exports
than
imports).
        Canada's economy is a market economy based on free enterprise
and the
ideology of capitalism. As a Canadian citizen you are free to buy and
sell as
you please on the open market, so long as you are within the law.
Since Canada
is a democratic state we are guaranteed these rights and freedoms.
Canada has a
very efficient economy. We have an unemployment rate of only 9.5% and
a
reasonably small inflation rate. Canada has been rated as one of the
best
countries in the world – Coincidence?

Niger:
        The Government in Niger is a republic in which there is a
President and
a Prime Minister. The President of the Republic of Niger is Mahamane
Ousmane.
The Prime Minister is Hama Amadou. There are five major political
parties.
They are; The National Movement for the Developing Society, The
Democratic and
Social Convention, Nigerian Party for Democracy and Socialism, The
Nigerian
Alliance for Democracy and Progress, and The Union of Progressive
Patriots and
Democrats.
        Niger has a Gross National Product per capita of $550 (in
millions).
There is an annual GNP growth of 1.4%, 0.1% more then the allotted
funds for
defence. The majority of the labour force works in agriculture (45%),
the
service field represents 39% of the workers, and the remaining 16% are
employed
in the industrial field, which is declining at a rate of 2.7% per year.
        Niger relies on its three top natural resources, which are;
Uranium,
Coal, and Iron/Ore. The three main agricultural products are; Millet,
Sorgum,
and Pulses. Niger's “major” industries are based in the fields of
Cement,
Beverages, and Beer. Niger is a country in which there are many more
imports
than exports. The three main imports are; foodstuffs, cereal, and
sugar, while
the three major exports are; Uranium, Foodstuffs, and Livestock. Niger
is one
of the world's poorest countries. Their economy is centered on
subsistence
farming. Uranium, their major export through the 1970's and 1980's,
revenue has
dropped by 50% between 1983 and 1990 (end of cold war). Niger's
balance of
trade is $-58,000,000 and they carry a debt of $1.2 billion. One U.S.
dollar is
equal to $529 of their currency the Communaute Financiere Africane
Francs.
        Niger has a traditional economy similar to many other 3rd World
Nations.
Recent studies would suggest that 4/5 of their major exports relate to
livestock
and agriculture (hides and skins, vegetables). Their economy is very
inefficient because of the fact that they import more than they export,
although
that is not always negative, a third world nation which remains in debt
will
never prosper.

Japan:
        Japan is a Constitutional Monarchy with a figure head of Emperor
Akihito
(son of Hirohito). Japan's Prime Minister goes by the name of Tomiichi
Murayame.
 There are three major political parties within Japan. These parties
include
the Liberal Democratic Party, the Japan Socialist Party, and the
Democratic
Socialist Party.
        The GNP per capita for Japan is $25,469 (in millions), while
having an
annual GNP growth of 4%. Japan's spends a limited amount on defence
equaling
only 1% of their GNP. Japan is a country which provides many services
to its
people. Sixty percent of the labour force is dedicated to serving the
people.
An additional 35% of Japan's workers are involved in the Industrial
market, the
remaining 5% are employed in Agriculture. Japan is an island in which
level
ground is a scarcity and as a result, so is agriculture.
        Japan is a country with limited Natural Resources. Japan
imports raw
materials and then transforms them into finished products which it then
exports
around the world. Japan's only natural resources are Fish and
Limestone. The
three main Agricultural products grown are rice, potatoes, and sugar
beets.
Japan's major industries include Iron/Steel, Cement, and Paper. Since
fish is a
major part of the Japanese diet it is also one of their largest imports
along
with foodstuffs, and machinery. The three top Japanese exports include
vehicles,
office equipment (computers, photocopiers, etc.), and Scientific
Equipment.
Japan has a remarkable balance of trade even though their imports
outweigh their
exports. Their balance of trade is $63,580,000,000.
        Japan is a market economy, much like Canada and the United
States.
Fifty years ago Japan was virtually invisible on the economic scene due
to
Japan's demise in WWII. Japan has overcome its adversities and risen
from the
ashes to become an economic superpower in the 90's. Japanese citizens
have the
opportunity to make large profits through hard work in their desired
fields.
Japan has one of the most effective and efficient economies in the
world.
Unemployment is at a minimum and labourers are well taken care of by
the
corporations which promise lifetime employment (a happy worker is a
productive
worker).

China:

        The People's Republic of China is based on the Communist system
of
Government initiated by Mao Tse-tung in the previous decades. The
current
President of China is Yang Shangkun. The Premier of China is Li Peng
and the
Central Military Commander Chairman is Jiong Zemin. There are only two
key
political parties which reside in China. They are the Chinese
Communist Party,
and the China Democratic League.
        The GNP per capita in China is $460 (in millions). Their GNP is
growing
at a rate of 10.5% per annum. China spends a fair amount of its GNP on
defence
(3.9%). The bulk of the Chinese labour force is involved in Industry
(53%).
Thirty-four percent work in Agriculture and the remaining 13% are
involved in
services for the people. China's three major natural resources consist
of Coal,
Iron/Ore, and Petroleum. Chinese agriculture is based largely on their
own diet
of rice, wheat and corn. The major Chinese industries are Iron/Steel,
Cement
and Fertilizers.
        China exports considerably more than they important, their
balance of
trade is $9,165,000,000. Their top exports include textiles, metal
products,
and rubber products, while importing machinery, vehicles, and textiles.
        The economy in China is a Command economy in which a central
authority
owns Natural and Capital resources. The government decides what to
produce,
how to produce it and whom to produce it for. As a result initiative
and morale
is low among the people as there is no incentive for hard work. Lack
of freedom
for the people results in goods being produced inefficiently. The idea
of a few
men planning an economy is very complex and could not possibly fulfill
the
Production Possibility Curve (PPC).