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It's not clear that the approach used to lift the Korean economy out of the poverty of the 50s to today's levels is the approach that needs to continue. The pop
by bane 10y ago
It's not clear that the approach used to lift the Korean economy out of the poverty of the 50s to today's levels is the approach that needs to continue. The population, resources and global connection Korea has now has radically transformed the kinds of economic approaches the country needs to try.
For example, in the 50s through the 70s, an important economic initiative was getting shoes for people. It both created jobs (making the shoes) and enabled people to get to work cheaply. Thus the gomusin was created.
It would be crazy today to have the same initiative in place. Times are different.