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But they don't just focus on one industry. South Korea has steel making, automobiles, ship building, and more. Japan has automobiles, steel, consumer electronic
by jeffreyrogers 9y ago
But they don't just focus on one industry. South Korea has steel making, automobiles, ship building, and more. Japan has automobiles, steel, consumer electronics, and more. India hasn't even figured out how to get most of its population out of poverty, so I don't think it's a good example. It's hard to have competitive industry when your population can't feed itself. Plus it's a huge country that has had what are effectively ongoing civil wars within its states, and its problems are compounded by it's cultural and linguistic heterogeneity.
The Asian countries I mentioned that succeeded all had major agricultural reforms (some violent, some not) prior to their industrial success.