Business Culture of U.S vs China

Market Cultural Report
Student’s Name
Institutional Affiliation
Course Name and Number
Lecturer’s Name
Assignment Due Date
Introduction and Rationale
The economy of the United States offers excellent opportunities, with relatively low cost of living and high wages. The American focus on efficiency and meritocracy has increased innovation to exciting heights, yet expatriates working in the country find themselves steering a market culture full of contradictions (Basu & Foley, 2013). Many people believe Americans work harder than most developed countries because the country has a favorable atmosphere for conducting business. This assertion is not far from the truth because the U.S. is consistently ranked the best globally for its overall competitiveness and ease of doing business (Campbell & Kean, 2016). Supported by a conducive regulatory environment for starting and running a business, U.S. business culture encourages free enterprise and competition.
The U.S., with its developed market, remarkable GDP, high literacy rate, low taxes, transparent legal system, outstanding infrastructure, and best investment climate, prompted me to choose it. Studies show that the U.S. has one of the best investment climates in the world (Basu & Foley, 2013). As an industrialized country, it offers a welfare environment and attracts investors with its stable management. With a total population of over 328 million, it has a GDP of around $ 22.73 trillion as of 2021 (Bureau of Economic Analysis, 2021).
Moreover, the U.S. has a higher literacy rate of 99% than that of other countries like China, with about 91% according to World Fact book Report. It means that the U.S. labor market is full of competent employees who enable business growth and expansion. These conditions show that the U.S. is a promising market for business growth and expansion.
Cultural Analysis of U.S
The U.S Census Bureau report shows that the U.S is the third-largest country in the world, with a population of over 328 million. This population consists of ethnic groups like white or European American, Black or African American, American Indian/Alaska Native, Asian American, and Native Hawaiian/Pacific Islander (Zimmermann, 2017). White Americans constitute the largest ethnic group in the U.S. They make about 72% of the country’s population (Ali, 2020). The rest of the ethnic groups make up about 28% of the national population (Ali, 2020).
The U.S. is also a country with diverse religions such as Christianity, Islam, Judaism, Hinduism, Buddhism, and unaffiliated religions like atheists or agnostics (Zimmermann, 2017). Of these religions, Christians are the majority, according to data collected by the Pew Research Center as cited by (Zimmermann 2017). This data shows that more than71% of Americans identify themselves as Christians (Zimmermann, 2017). The study also found that close to 23% of the population do not affiliate with any religion, and approximately 6% consist of non-Christians (Zimmermann, 2017).
In addition to religion, American culture is determined by clothing style. However, clothing styles vary by region, class, occupation, and climate. Jeans, sneakers, cowboy hats, baseball caps, and boots are some clothing ...