The goal: To analyze China and USA in terms of the time and rate at the convergence.
Topic 1: Figure out the data, such as the annual growth rate per capita income to find out numerically how long it will take Chia to converge USA.
-needs data in the last 10 years for calculation
-need 1 reference
Topic 2: Discuss the political trends of China in terms of the new rising government after the 18th congress.
-Research and analysis of Xi Jinping and his board team members to find out their economic perspective.
-Research on China’s relationship and diplomacy with other countries to find trend about export and import.
-need 1 reference
Topic 3: Analyze the major social reforms or significant events that might influence China’s economy.
-One possible example: change in the idea of saving as the younger generation possess wealth in contrast to the elders who save a lot.
-need 2 reference
Topic 4: Analyze the economic situation in China and it’s growth. Calculate all necessary data and plot them graphically to find the trend.
-Gather and analyze data, such as GDP, unemployment rate.
-need 1 reference
Conclusion: Combine all factors discussed in the paper to summarize how much time and effort China needs to converge with USA.
1. INTRODUCTION – China
2. CALCULATION OF ANNUAL GOWTH RATE OF PER CAPITA INCOME (LAST 10 YEAS) – SHOW DATA AND EQUATIONS FOR GROWTH RATE CALCULATION –
SHOW GRAPH – CHINA AND THE USA
3. CALCULATION OF TIME IT WILL TAKE TO CONVERGE – SHOW EQUATIONS AND GRAPHS
4. DISCUSS POLITICAL FACORS – CRITICAL POLITICAL FACTORS THAT CAUSED SLOWDOWN OR REFORM FOR GROWTH – SHOW DURATION AND TIME LINE- PERSONALITIES, POLITICAL PARTIES, FACTOR CAUSING A MAJOR CHANGE
5. DISCUSS SOCIAL FACTORS CONTRIBUTING TO GROWTH OR STIFLING GROWTH – DURATION AND TIME LINE – SOCIAL REFORM AND CONSTAINTS – CULTURAL, RELIGIOUS, ETHNIC, LINGUSTIC, TRIBAL, ETC
6. DIS CUSS ECONOMIC FACORS CONTRIBUTING TO REFORM OR STIFLING GROWTH – DURATION AND TIME LINE – ECON. STRATEGY, SYSTEM, REGULATIONS, FISCAL, MONETARY, MARKET, INTERNATIONL, SELF-SUFFIENCY OR FOREIGN ORIENTATION AND OPEN ECONOMHY
7. CONCLUSION – HOW THE ABOVE FACTORS WILL IMPACT CONVERGENCE
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