Developed vs. Developing Countries - Essay Example

? Developed Versus Developing Countries Lecturer: Developed Versus Developing Countries Introduction China is an emerging financial system that has considerably improved in terms of economic growth. It is a self-governing state located in the East Asian continent and it is among the largest inhabited state with more than 1.35 billion of inhabitants. The country is ruled by a distinct party known as Communist Party and Beijing is its capital metropolis, which is highly populated. The country covers about 9.6 million per square kilometer and it has become one of the second largest nations by geographical region. Its landscape is flat and the terrains are rugged, as well as, elevated. The ancient Chinese heavily depended on agriculture because of the fertile basin that supported agriculture. For many decades, the political system of China has been highly based on the heritable kingdoms recognized as dynasties. Canada is among the industrial economies that have significantly advanced their economic activities. It is a centralized state being administered by a legitimate authority and parliamentary democratic system. Canada is found in the North America continent and it is the second largest nation by total square kilometer globally. It borders the United States and it has many inhabitants some of them are the aboriginal people, as well as, higher immigrants. It has a population of about 35 million, but the main economic drivers of the state are the immigrants and about 80% of the total population resides in urban places such as Quebec City, Edmonton corridor and many others. The country currently experiences a demographic shift with higher rate of aging population, and many retirees but fewer working age. The life expectancy is higher, which is about 81 years and this is because of good health care facilities. The Relationship between the Two Country's Health and Demographics China has tremendously rapidly progressed since the preamble of economic reforms that took place in 1978. The gross domestic product and also the increased purchasing power parity have contributed to the advancement of the economy. The demographic report as per the 2010 census revealed that males were higher that is 51.27%, whereas females were accounted for 48.73%. The population has tremendously increased whereby the majority of the population accounts for 71% (15-64 years), 21 % (14 years and below), and 8 % are 65 and above (Andrews and Evans, 2008).The GDP has pulled the economy from the poverty level because about 10% of the total population lives under poverty and this is mostly in rural areas. The rapid economic growth has pulled the economy from poverty level where 64% of the total population in 1978 lived under poverty level. The urban unemployment level declined to 4 % in the year 2007, but the general unemployment level is currently approximated at 10% regionally (Lai, 2003). Ageing population and population growth in Canada is based upon immigration, which is relatively high in Canada in comparison to China. The population of Canada has many aging immigrants of about 31 % than the nationwide average inhabitants. The total inhabitants are high and 19.4% are discernible minority of the senior inhabitants. This has an implication on the policy development, as well as, the health care services delivery (Lai, 2003). On the other hand, China also has a high rate of aging population and many urban unemployed populations, who may create an implication on the policy development. However, both economies have expanded and transformed into industrial activities and other varied activities, which are vital for economic development. Canada’s population is anticipated to increase by 40 million by the year 2026, whereas to 1.6 billion by the year 2025 (Andrews and Evans, 2008). Thus the governments in both countries are concerned with the demographic crisis, which might impact both economies negatively. The current population is dwindling on the scarce natural resources; thus the government has employed family planning policies in order to control the increased population growth, which might create crises on both economies. For instance, the government of China implemented a strict policy known as One-Child Policy with hopes that the ethnic minorities in rural areas will follow the policy. The main goal was to stabilize the general population, which is anticipated to augment; hence impacting the economic performance. Substantial inequality in regional incomes is a reality in every geographical large economy and the causes of inequality are diverse, as well as, intricate in both economies Income inequality in both states is an issue that has led to economic differences. However, unlike China where income disparity is a complex issue, the Canadian government has made significant efforts of distributing income levels equally in order to benefit every citizen. For instance, the Canadian healthcare policy was reformed in order to benefit the aging and the unemployed populations. Moreover, the cases of regional backwardness are common in such a populated area like Northern Shaanxi in China. The custom of poverty is allied with increased populace levels particularly in countryside areas. This is because of the cultural beliefs of boy child preferences to girl child, cultural Chinese medicines and low education level in rural areas are among the issue that impact the economy. Rural areas have higher rates of fertility than in municipal areas and this account for many children in rural areas than in metropolitan areas. The public concern for regional income disparity in China has been rising rapidly since the earlier 1990s; this aspect is rooted from the widening of provincial income gaps that began in earlier 10988 to 1993 (Andrews and Evans, 2008). Both countries have implemented health care policies, which aims to improve hygiene, reduce diseases by offering treatment and prevention measures to their citizens. For instance in China, the health and life expectancy increased from 35 years to 73 years in the 1949 and 2008 respectively (Andrews and Evans, 2008). The health in both countries is privatized and there is rapid improved quality of life. The infant mortality rate has tremendously decreased because of better healthcare service provision by the governments in both countries. For instance, the life expectancy in Canada is 81 and this is because of good medical facilities. The Canadian government spends heavily on healthcare provisions; thus the increased cost for health insurance has become a debating issue in the state. Conclusion In conclusion, China economy has high population growth rate than Canada and this is likely to pose varied economic challenges in the future. The economic drivers of China are due to economic reforms of 1978, where the immigrants in Canada are the key economic drivers of the Canada economy. The population of China is anticipated to increase more than the population in Canada; thus the policies have been implemented in order to stabilize the economic growth. Extensive inequality in regional incomes is a reality in every geographical large economy and the causes of inequality are diverse, as well as, intricate in both economies. However, the introduction of effective policies such as healthcare reforms is vital because a health nation can achieve economic performance effectively. References Andrews, G., & Evans, J. (January 01, 2008). Understanding the reproduction of health care: towards geographies in health care work. Progress in Human Geography, 32, 6, 759-780. Lai, D.W. L. (October 2003). “Health and predictors of health among older Chinese-Canadians in British Columbia”, BCMJ.org. Retrieved on 28 May from http://www.bcmj.org/article/health-and-predictors-health-among-older-chinese-canadians-british-columbia Read More