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South Korea's growth was probably the fastest in history. Every other country, not just China, is slower in comparison.
by Leary 7y ago
South Korea's growth was probably the fastest in history. Every other country, not just China, is slower in comparison.
- reaperducer 7y agoWhile I don't dispute that South Korea had amazing growth, was it really faster than "every" other country? How does it compare to Japan? Or Australia?
- yorwba 7y agoMostly faster than Japan or Australia, although the crown for highest GDP growth in a single year goes to Rwanda for growing 35% in 1995 after shrinking by 50% the year before. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?contextual=max&locations=KR-JP-AU https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?conte...
- summerlight 7y agoJapan was a developed country with one of the strongest economy in the world before WWII. They showed a crazy rate of economical growth right after WWII, but I think it was more of a recovery rather than development. https://www.nippon.com/en/in-depth/a04003/lessons-from-the-japanese-miracle-building-the-foundations-for-a-new-growth-paradigm.html https://www.nippon.com/en/in-depth/a04003/lessons-from-the-j...
- Leary 7y agohttps://www.gapminder.org/tools/#$chart-type=linechart https://www.gapminder.org/tools/#$chart-type=linechart You can play around with that to see
- NicoJuicy 7y agoGermany after world War 1 and 2 did pretty nice though. Considering the debt they had to pay back. Look up: Wirtschaftswunder
- Retric 7y agoThe Middle East oil states had some truly ridiculous growth starting around 1950. South Korea ‘wins’ over a rather specific time period via sustained growth, but it’s growth rate is not that unusual when you start looking at industrialization and post war recovery.