Comparison between economy of UAE and China

Running head: ECONOMICS
Economics
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2ECONOMICS
Table of Contents
Introduction................................................................................................................................3
Comparison based on global, ethical, political, physical, and societal indicators.....................3
Relationship with capitalism and democracy.............................................................................4
Impact of internet in these countries..........................................................................................4
Capitalism in relation to politics................................................................................................5
Economic growth and personal freedom....................................................................................5
Reference list..............................................................................................................................6

3ECONOMICS
Comparison between economy of UAE and China
Introduction
This particular paper is known to compare and contrast the economy of United Arab
Emirates and China. The economic factors state that UAE has an exceptionally high gross
domestic product per capita. Chia is also growing at a fast rate and will excel much more than
the western countries after few years.
Comparison based on global, ethical, political, physical, and societal indicators
The political factors which are known to impact China are the government regulations
where most of the people claims that the political force is the most unsettled one. The
government have known to take strict actions for preventing this situation and also create safe
environment for foreign investors (Mahroum, AlSaleh & Al-Hashmi, 2016). Since the year
1990s, the legal reform will be becoming a priority for the government. The legal framework
for e commerce is still in its early stage.
In case of the United Arab Emirates, it has healthy trade relations with many countries
worldwide. The country also known to have political conflicts with the nearby countries
about the ownership of the oil reserves (Al-Shayeb & Hatemi-J, 2016). The social and
cultural aspect of China also known to play an important role where the literacy rate of China
is more than ninety percent and it emphasizes on education. China is a collectivistic culture
which is based on Hofstede’s value dimensions. On the other hand, the citizens of UAE live
comfortable lifestyles. Religion is an important factor in the area which will be affecting
society.