Compare And Contrast Essay Between Kuwait And The U.S.A
From my clarifications, Kuwait and U.S.A reveal significant differences and similarities in numerous aspects. There are other similarities and differences in various ways, such as the size of the population, method of trading, adopting democracy as a multicultural society and political system. In a general view of trade, the U.S.A has an open market based on the United States Economy website whereby exports and imports represent approximately 28% of GDP (Stegmann, 2019). Besides, United States financial regulations under enduring remedy; also, the government does not inhibit foreign investment. U.S.A trusts multiple races of people hence that are what has made it as a distinguished state and a good illustration of diversity as compared to Kuwait.
On the other hand, Kuwait is smaller as compared to the United States-based in population which has about 4,199, 768 people that total equally about 0.05 of the global community. Kuwait economy is relatively similar to the U.S.A economy. They have a free market which makes larger economies globally. There are similarities between Kuwait and the U.S.A in several views, for instance, cosmopolitan and political system. U.S.A and Kuwait are both adapting the democratic political system. There have been elections intermittently.
Both nations have a parliamentary which establishes laws to organize society’s lives. Another similarity is in the diversity of culture and also the background of people. Kuwait is a cosmopolitan nation whereas U.S.A is a federal republic whereby the federal courts, congress and president share powers earmarked to the national government. The nature of the U.S.A democratic system allows decisions made direct through a democratic process. Kuwait being a cosmopolitan, approximately 70% of its population makes up of foreigners; also, people are allowed to practice their beliefs, ceremonies and customs as same as U.S.A (Bachmid & Sampara, 2019). Nonetheless, democracy theory widely embraced in both states allows its people to engage in voting and decision-making periodically.
References
Almujamed, H., Tahat, Y., Omran, M., & Dunne, T. (2017). Development of Accounting Regulations and Practices in Kuwait: An Analytical Review. Journal of Corporate Accounting & Finance, 28(6), 14-28.
Bachmid, F., & Sampara, S. (2019). The Rights Of The Constitutional Court’s Decision On The House Of Representatives’ Representatives About The President’s Prospective And/Or The President’s Vice Representatives According To The State Basic Law Of The Republic Of Indonesia Year 1945.
Stegmann, J. (2019). Federal Open Market Committee communication: a text mining analysis.