A B C D

Economy: Overview USA CHINA Romanian Jordan

GDP (Purchasing Power Parity) trn $18.57 $21.29 $0.44 $0.09
GDP- Real Growth Rate 1.6% 6.7% 4.8% 2.1%
GDP - Per Capita (PPP) $57,400 $15,400 $22,300 $12,300
Unemployment Rate 4.9% 4.0% 5.9% 15.2%
Population Below the Poverty Line % 15.10% 3.30% 22.40% 14.20%
Distribution of Family Income GINI 45 (2007) 46.5 (2016) 27.3 (2012) 39.7 (2007)
Inflation Rate (Consumer Prices) 1.30% 2.10% -1.60% -0.80% GDP (Purchasing Power Parity) - Trillions
People and Society
Fertility Rate 1.87 1.6 1.35 3.19
Education Expenditures: as % of GDP 4.90% N/A 2.90% N/A $25.00
Literacy-Total Population 96.40% 98.80% 95.40%
$20.00
Population 326625791 1379302771 21529967 10248069
Population Growth Rate 0.81% 0.41% -0.33% 2.05% $15.00
Infant Mortality Rate-Total population 5.8 12.2 9.6 14.7
$10.00
Life expectancy at birth-Total populaltion 79.8 yrs 75.5 yrs 75.1 yrs 74.6 yrs
Sanitation Facility Access-Improved, Urban, $5.00
Population % 100.00% 86.60% 92.20% 98.60% $0.00
Freedom Index USA CHINA ROMANIA JORDAN
Country Ranking 17 111 39 53
Human Development
Index Overall 0.92 0.738 0.802 0.741
Population Below the Poverty Line %
HDI Rank 10 90 50 86

25.00%
GDP - Per Capita (PPP)
20.00%

$70,000
15.00%
$60,000
$50,000
$40,000 10.00%
$30,000
$20,000 5.00%
$10,000
$0 0.00%
USA CHINA ROMANIA JORDAN USA CHINA ROMANIA JORDAN
 Population-Millions Freedom Index Rankings

120
1600
1400 100
1200
80
1000
800 60
600
40
400
200 20
0
USA CHINA ROMANIA JORDAN 0
USA CHINA ROMANIA JORDAN

Fertility Rate Human Development Index - Overall

3.5
1
3
0.9
2.5 0.8
0.7
2 0.6
1.5 0.5
0.4
1 0.3
0.2
0.5
0.1
0 0
USA CHINA ROMANIA JORDAN USA CHINA ROMANIA JORDAN

Conclusion: Comparing Romania and Jordan to the US and China

Conclusion: Comparing Romania and Jordan to the US and China
What is enabling these emerging economies to experience success in economic growth and development as compared to the USA and China?
Romania is nearly at full employment. Their literacy rate is very high, above both China and the USA. They have privatized a lot of industries from when they were a
pure socialist state. Also, their money is deflating a bit and the government has been try to encourage more consumer spending; good so far.
Even though Jordan is very, very small (population and land wise) they have less poverty than the United States. Jordans fertility rate is above the replacement level
and, even though they have a higher infant mortality rate than the United States and China, their population is still growing.
What is hindering these emerging economies from advancing economic growth as compared to USA and China?
When compared to USA, Romania needs more economic freedom in order to be successful. The government is plagued by corruption which is effecting the countrys
economy (Economic Freedom Index.)
Jordan does not have much economic freedom. The country's poverty rate is better than the USA, but still could be better. Could benefit from higher literacy, work to
lower the infant mortality rate, stabilize the government, decrease unemployment, and increase human development
Significant factors in advancing/or retarding these emerging countries economic and social progress

Significant factors in slowing Romanias growth are the declining and aging population and several problems remain with Romanians economic freedom. What has
been helping is the economic freedom which the Romanias have gotten, they have property rights, and the private business sector has been growing.
Significant factors in slowing Jordan's economic growth are the turmoil in neighboring nations, governmental corruption, and dependence of other
nations/imbalance imports and exports. Their land resources are very limited and their labor force relatively small. They do not seem to be utilizing entrepreneurial,
human and physical capital as effectively we they could.
Recommendations and/or commendations
Since the government and legal system of Romania has a lot of corruption decreasing the governments involvement with the countrys economy could help it grow
and improve. Also, since long term economic growth is more likely to be sustained by a growing population it could be very wise to consider what factors are behind
both low fertility rates and the declining population.
Jordan could benefit from a decrease government spending. It is very good that they are looking into ways to be more self-sufficient for their fuel. They could work
toward having better health and better healthcare to help their population to continue to grow and to increase their life expectancy. They could find ways
(entrepreneurship) to better utilize their other resources beside land in order to increase employment and reduce poverty.