Comparative Economic Systems 220:362
Country Summary
Name: Country:
Qualitative
Culture:
Technology:
Mechanism:
Institutions:
Politics:
Quantitative
Real GDP:
HDI:
HPI:
Gini Coefficient:
Corruption Index:
Population Growth:
Freedom of the Press:
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Country Summary: United States of America in Comparative Economic Systems 220:362, Study notes of Economics
A qualitative and quantitative analysis of the united states of america as a case study in comparative economic systems 220:362. The summary covers the country's culture, technology, mechanism, institutions, politics, real gdp, human development index (hdi), human poverty index (hpi), gini coefficient, corruption index, and population growth. The document also includes a ranking of the us in terms of freedom of the press.
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Comparative Economic Systems 220:362Country Summary Name: Country: Qualitative Culture: Technology: Mechanism: Institutions: Politics: Quantitative Real GDP: HDI: HPI: Gini Coefficient: Corruption Index: Population Growth: Freedom of the Press:
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Comparative Economic Systems 220:362Country Summary Name: Prof. P Country: U.S.A. Qualitative Culture: Individualistic; individual utility/profit seeking constrained by authorities/special interests; frontier spirit coupled with the inequitiesof the industrial revolution; big business/corporate America; historical roots in the Enlightenment idealism of the American revolution; historical view of self as promoting freedom and political reform globally Technology:family; quick to adopt; leader in use, if not also innovation; others may be more advanced in use (e.g., Internet) Very dependent - some accuse technology of dominating our society and causing problems such as obesity and collapse of the Mechanism: Imperfectly competitive markets; mystic that supply and demand rules completely; taxable income and wealth partly transferredto motivated constituencies through government programs, tax incentives, subsidies, regulations, controls, and grants; some say becoming a welfare state Institutions: Private ownership, big corporations, antitrust legislation, lobbies; Rule-of-law; common law main form of law Politics: Democratic; representative form of government; Bicameral - having two legislative chambers Quantitative Real GDP: averages 2% per annum; below Luxembourg; 3.3% in 2006; $13T (PPP) aggregate, making it the dominant country; $43,800 percapita (PPP) HDI: ranks 12th^ worldwide with an index of 0. HPI: ranks 16th^ worldwide with an index of 15. Gini Coefficient: US coefficient is 0.45, higher than most European countries, so it has greater income inequality Corruption Index: ranked 20th^ worldwide with a 2007 index of 7. Population Growth: recently topped 300M; growth rate is about 0.9% per annum, which is too low Freedom of the Press: ranked 48th^ worldwide in 2007 with a high index (higher index means more restraint of the free press) 2