China and the Netherlands differ from each other because they have different economic systems controlling their country. The Netherlands is a mixed, free and open market economy. China, however, is a socialist market economy which is based on the dominance of an open market economy and state-owned sector. Therefore, there is a significant difference between these two countries. The free market economy has made the Netherlands more successful due to the fact that the government isn’t controlling everything. The government cares about the important things like agriculture, wealth of people or the unemployed. China wants their people to believe that they are in the primary stage of socialism. The economic system that they have introduced is now starting to lean more towards capitalism. An advantage of capitalism being introduced is that it allows the private owners to control the country’s trade and industry for profit rather than by the country or the state. This system is identified with the restructuring an economic system known as the Marxist system according to the market rules. This socialist market economy has created a system in which market prices, as well as planning prices, private and public companies and the protection of private property, coexist.
The gross domestic product is one of the most important statistics for a country due to the fact that it shows the measure of the total output of a country takes the amount and divides it by the amount of population in the country. If a country has a rising GDP per capita, it tends to result in an increase of productivity. China's GDP per capita is at about 6,807.43 USD (2013) while the Netherlands has a GDP rate per capita of about 50,800 US dollars (2013). The growth rate of a country is also crucial as it identifies how fast a countries economy is growing. The growth rate in the Netherlands was at 1.1 % in 2013 compared to China which was at 7.7% in 2013. This indicates that the Netherlands is growing but not as much as China. The Netherlands growth per capita which means per person is at 0.9% in 2015 compared to China which is at about 51% in 2015. A countries GDP growth per capita is a very accurate measure when you are trying to compare a countries wealth to another. Since the 2008 crisis, it has been easier for the Netherlands to recover this is because if a countries GDP per capita is low, then the income is rather low for the citizens. However, if it is high, then that means that the average person in the country earns a lot. This also proves that the population of the specific country is doing better. In this case, China is doing a lot better than the Netherlands, as the amount of GDP per capita is nearly 7 times as much. China's GDP growth is at 6.6 % while the Netherlands is at 1.4%, this is more than the Netherlands. This can be the case because China is increasing their export and import amounts. They also have higher amounts of products that they are importing and exporting. This can be seen in the next paragraph.
The Netherlands has increased their annual export rate from 0.6% in (2010) which was about $417 billion USD to $428 billion USD in (2015). All together the Netherlands has made $11 billion USD in 5 years with their export products. China, on the other hand, has increased by 11.8 % over the past 5 years. They went from an annual amount of $1.35 trillion USD in 2009 to about $2.37 trillion USD in 2014. This means that over a span of 5 years they have made $1.02 trillion USD, that is an insane amount of money. The only way for them to make this possible was by making products for large enterprises all around the world that were cheap to make but would then sell for a significant amount of money. Take the company Apple, for instance, an article made by a newspaper called “times” stated that “the components and manufacturing cost of a 16GB iPhone 6 cost Apple $200.10. The device is selling for $649 in the U.S.”( http://time.com/3426087/apple-iphone-6-cost/ ). In the Netherlands, however, their exports only persist in Europe. The two most exported products from Holland are refined petroleum and crude petroleum. The Netherlands is lucky to have these valuable resources allowing them to make a lot of money off of them because they are very expensive products, but one drawback about their exporting is that they don’t export to countries outside of Europe.
China is paying by far more than the Netherlands for imported products. The Netherlands imported $454 billion USD compared to China who imported a whopping $1.53 trillion USD. In the year of 2005, China started to take drastic measures as they could only supply their country two-thirds of the actually need of crude oil. Their estimated consumption requirement by the year of 2020 was equal to an estimated 600 million tons of crude oil. The country itself imported an estimated amount of 6.7 million barrels of oil a day, making them break several world records. By the year of 2006, China had already imported 145 million tons of crude oil. Then something astonishing happened in 2009 as they had surpassed the leading crude petroleum importer also known as the United States.
A countries unemployment rate is necessary due to the fact that it is a factor which identifies a countries success. If a countries unemployment rate is low, then it means that the country is doing well with using its resources. But if unemployment is low then it means that there are more people without a job meaning that the country is not using its resources wisely. The lower the unemployment rate the lower the GDP of the specific country. The higher the unemployment rate, the higher the GDP of the country. For the Netherlands, the unemployment rate is at 6.2% meaning that only 6.2% of the country’s population is unemployed leaving the other 95.8% employed meaning that they have a job. This is a very useful statistic because 6.2% of the Dutch population is not a lot of people. This also means that the Netherlands has been using up their resources that they have wisely. China is even doing better than the Netherlands because their unemployment rate is only at 4.2% even though they have a larger population than the Netherlands. China is able to make products that the country is demanding them to make due to the fact that they have many people of the population employed. The Netherlands is also able to do this however they might be a bit more behind than China. The 4.2% of the unemployed people could also be farmers or people with other jobs where they are freelancing and not employed by a business. Because of this China is able to increase their growth rapidly.
In conclusion, all of the information and statistics show that the Netherlands is better off with their economy. They have a very fair but also effective way of running their country. They have demonstrated that their economic system was successful over the years although China is making more money lately. China has proven that their way of importing and exporting products has been more effective than the strategy that the Netherlands has been trying to use. The statistics are there to back this up. Furthermore, it is hard to say that the Chinese economy is growing a lot, it just isn’t increasing rapidly. At the moment, however, the economic system that China is introducing is helping them a lot, but it also isn’t the best to control the country. This is also due to the fact that the population is increasing rapidly and there are more poor people. Overall China controls the country too much but is gaining more money than the Netherlands. The Netherlands though is more free for the people but is getting less money off of export and import. This is however not affecting them because they are still making profits off of the trading that they are doing.
The gross domestic product is one of the most important statistics for a country due to the fact that it shows the measure of the total output of a country takes the amount and divides it by the amount of population in the country. If a country has a rising GDP per capita, it tends to result in an increase of productivity. China's GDP per capita is at about 6,807.43 USD (2013) while the Netherlands has a GDP rate per capita of about 50,800 US dollars (2013). The growth rate of a country is also crucial as it identifies how fast a countries economy is growing. The growth rate in the Netherlands was at 1.1 % in 2013 compared to China which was at 7.7% in 2013. This indicates that the Netherlands is growing but not as much as China. The Netherlands growth per capita which means per person is at 0.9% in 2015 compared to China which is at about 51% in 2015. A countries GDP growth per capita is a very accurate measure when you are trying to compare a countries wealth to another. Since the 2008 crisis, it has been easier for the Netherlands to recover this is because if a countries GDP per capita is low, then the income is rather low for the citizens. However, if it is high, then that means that the average person in the country earns a lot. This also proves that the population of the specific country is doing better. In this case, China is doing a lot better than the Netherlands, as the amount of GDP per capita is nearly 7 times as much. China's GDP growth is at 6.6 % while the Netherlands is at 1.4%, this is more than the Netherlands. This can be the case because China is increasing their export and import amounts. They also have higher amounts of products that they are importing and exporting. This can be seen in the next paragraph.
The Netherlands has increased their annual export rate from 0.6% in (2010) which was about $417 billion USD to $428 billion USD in (2015). All together the Netherlands has made $11 billion USD in 5 years with their export products. China, on the other hand, has increased by 11.8 % over the past 5 years. They went from an annual amount of $1.35 trillion USD in 2009 to about $2.37 trillion USD in 2014. This means that over a span of 5 years they have made $1.02 trillion USD, that is an insane amount of money. The only way for them to make this possible was by making products for large enterprises all around the world that were cheap to make but would then sell for a significant amount of money. Take the company Apple, for instance, an article made by a newspaper called “times” stated that “the components and manufacturing cost of a 16GB iPhone 6 cost Apple $200.10. The device is selling for $649 in the U.S.”( http://time.com/3426087/apple-iphone-6-cost/ ). In the Netherlands, however, their exports only persist in Europe. The two most exported products from Holland are refined petroleum and crude petroleum. The Netherlands is lucky to have these valuable resources allowing them to make a lot of money off of them because they are very expensive products, but one drawback about their exporting is that they don’t export to countries outside of Europe.
China is paying by far more than the Netherlands for imported products. The Netherlands imported $454 billion USD compared to China who imported a whopping $1.53 trillion USD. In the year of 2005, China started to take drastic measures as they could only supply their country two-thirds of the actually need of crude oil. Their estimated consumption requirement by the year of 2020 was equal to an estimated 600 million tons of crude oil. The country itself imported an estimated amount of 6.7 million barrels of oil a day, making them break several world records. By the year of 2006, China had already imported 145 million tons of crude oil. Then something astonishing happened in 2009 as they had surpassed the leading crude petroleum importer also known as the United States.
A countries unemployment rate is necessary due to the fact that it is a factor which identifies a countries success. If a countries unemployment rate is low, then it means that the country is doing well with using its resources. But if unemployment is low then it means that there are more people without a job meaning that the country is not using its resources wisely. The lower the unemployment rate the lower the GDP of the specific country. The higher the unemployment rate, the higher the GDP of the country. For the Netherlands, the unemployment rate is at 6.2% meaning that only 6.2% of the country’s population is unemployed leaving the other 95.8% employed meaning that they have a job. This is a very useful statistic because 6.2% of the Dutch population is not a lot of people. This also means that the Netherlands has been using up their resources that they have wisely. China is even doing better than the Netherlands because their unemployment rate is only at 4.2% even though they have a larger population than the Netherlands. China is able to make products that the country is demanding them to make due to the fact that they have many people of the population employed. The Netherlands is also able to do this however they might be a bit more behind than China. The 4.2% of the unemployed people could also be farmers or people with other jobs where they are freelancing and not employed by a business. Because of this China is able to increase their growth rapidly.
In conclusion, all of the information and statistics show that the Netherlands is better off with their economy. They have a very fair but also effective way of running their country. They have demonstrated that their economic system was successful over the years although China is making more money lately. China has proven that their way of importing and exporting products has been more effective than the strategy that the Netherlands has been trying to use. The statistics are there to back this up. Furthermore, it is hard to say that the Chinese economy is growing a lot, it just isn’t increasing rapidly. At the moment, however, the economic system that China is introducing is helping them a lot, but it also isn’t the best to control the country. This is also due to the fact that the population is increasing rapidly and there are more poor people. Overall China controls the country too much but is gaining more money than the Netherlands. The Netherlands though is more free for the people but is getting less money off of export and import. This is however not affecting them because they are still making profits off of the trading that they are doing.