Article
Article name Political-economic characteristics of the United States and China from the point of view of interindustry balance influence
Authors Popov Y.. ,
Bibliographic description Popov Yu. Political-economic characteristics of the United States and China from the point of view of interindustry balance influence // Transbaikal State University Journal, 2017, vol. 23, no. 9, pp. 116-124. DOI: 10.21209/2227-9245-2017-23-9-116-124.
Category Politology
DOI 11.25.25; 11.25.42
DOI 10.21209/2227-9245-2017-23-9-116-124
Article type
Annotation Comparison of political-economic development of the USA and China is given, using input-output tables. The economy of the United States and China were compared on the basis of quantitative indicators, GDP, import and export and production volumes. The research, based on qualitative indicators of profit of the productive sectors, has not previously been conducted. The author mentions the high efficiency of modern government regulation in the United States that is fundamentally a new trait - a desire to find a balance between the market and state intervention. Two leaders — the US and China have passed a difficult way of formation and development of their powerful high-end systems. The US economic model is fundamentally different from the Chinese model. Both States have different approaches to economic development. State regulation also has a different meaning for the US and China. China is focusing on the development of production sectors within a country, pays great attention to innovation, and maintaining macroeconomic relations. The USA, in turn, allocates the high-tech industry, innovation and development of services as the basis for economic growth, bringing most of the heavy industry outside of the state. All of this leads to peculiarities of political changes in the countries, influencing the political system, political parties, political power. Thus, the article presents the results of the analysis of two different states with different models, but remain the main competitors in the struggle for world leadership
Key words political and economic characteristics; United States; China; cross-sectoral balance; economic growth; political prosperity; public intervention; innovation; global leadership; political change
Article information
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