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To first question: actually, yes it did - in 1997, South Korea took a bailout from IMF and restructured the economy. As you can see, it worked fairly well, tho
by ptaipale 10y ago
To first question: actually, yes it did - in 1997, South Korea took a bailout from IMF and restructured the economy.
As you can see, it worked fairly well, though it involved some painful changes certainly disdained by many people at the time. (The dismantling of Daewoo, for instance).