1. The Economics of the United States and China
... by China is used as a 'scare tactic' to raise an alarm to the faltering place of the U.S. in the world economy. However, while the U.S. faces major challenges, China also faces considerable obstacles in its upward economic trajectory, particularly given its low levels of personal spending, dependence upon exports and with political concerns about its human rights record and government corruption. The ... any other category of after-tax income" (USA, 2013, CIA Fact Book). The CIA Fact Book blames the increased technological complexity for this discrepancy, which creates a divide betw...
- Word Count: 668
- Approx Pages: 3
- Grade Level: High School