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Yeah, they weren't chosen randomly. Also, China and South Korea seem to be taking very different paths. While there are always similarities between any two co
by rossdavidh 8y ago
Yeah, they weren't chosen randomly. Also, China and South Korea seem to be taking very different paths. While there are always similarities between any two country's governments, there are a lot of differences there. South Korea has competitive elections, where incumbents are not uncommonly voted out of office, and China does not. South Korea is fundamentally a market economy (with lots of government involvement), and China is much closer to a command economy (with lots of market elements). Neither one is at an extreme on the market-vs-command spectrum, but they are in very different parts of that spectrum.
- chillacy 8y agoSouth Korea did a large chunk of its economic growth as a military dictatorship. Only recently has it become a democracy.