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Perhaps, but Asia does pretty well. Korea, China, Taiwan, Vietnam, etc. all did amazing development in the last 30-60 years. The reality is that some cultures a
by throwaway9870 6y ago
Perhaps, but Asia does pretty well. Korea, China, Taiwan, Vietnam, etc. all did amazing development in the last 30-60 years. The reality is that some cultures are better at it than others. Compare China to India for example.
- jeffreyrogers 6y agoThey followed the policies the OP is talking about though. That's their point: you need to protect your exporting industries early on so they can develop and become efficient. Then you can protect them less as they become higher quality/more productive. All of the countries you listed did this. India has a bunch of economic problems, many of which are self inflicted.
- triceratops 6y ago> The reality is that some cultures are better at it than others That's extremely lazy reductionism. You're talking about countries of wildly different sizes (Taiwan is tiny, Japan is medium-sized, China is gargantuan), starting from wildly different levels of development (Japan was developed pre-WW2, India and China were in abject poverty), with wildly different levels of homogeneity and diversity (Japan is highly homogenous, China less so, India not at all), diplomatic alignments (Japan with the US, China with the Soviets, India in the third world), resources (Japan with zero, India with quite a fair bit), availability of capital (Japan, Taiwan and South Korea with quite a fair bit, India with very little, don't know about China), political systems (government-managed free market in Japan, autocracy transitioning to a democracy in Taiwan and S Korea, socialism in India, full communism until 1980s-1990s in China).
- throwaway776543 6y agoWhat’s also interesting is South Korea and Taiwan developed during their authoritarian phase. You can probably throw Singapore into that group too.