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South East Asia became a key geo-polotical theater in the Cold-War right around that time. Hence two different East/West wars (Korea, Vietnam). US strategicall
by BoiledCabbage 5y ago
South East Asia became a key geo-polotical theater in the Cold-War right around that time. Hence two different East/West wars (Korea, Vietnam). US strategically became strong ally/supporter of S Korea and enormous growth in US/Korea trade policy, particularly textiles, dramatically grew S Korean economy.
1800s is a long time ago, but it's consequences continued long after. Debts were still being paid until almost 1950. It's easy to underestimate debt impact. US Debt to GD ratio, is about 100% and there is a lot of concern on long term US economic health. Venezuela is essentially a failing economy and is at 350%. France came and instituted a debt of 300% debt to GDP as reparations for slaveowners. That's essentially Venezuela territory.
What happened to Haiti between 1950s to 2010 was the Duvalier family who came to power on a movement that grew out of the US occupation of Haiti in the first half of the 1900s. Not the same, but similar to Castro coming to Cuba post US actions there, and Iran post US propping up the Shah of Iran, US occupation created a groundswell against. It took a bit more time, but it eventually enabled the Duvalier family dynasty. And they were horribly corrupt, but they rode the wave.
Haiti finally got rid of them and things started to look better. So why has it diverged from Vietnam since 2010? An enormous earthquake hit in 2010 and devastated the country. 3% of the population was killed. 15% of the population had their homes destroyed.
- sbierwagen 5y ago>3% of the population was killed. 8% of Germany died during WW2, and they suffered under enormous foreign debt afterwards. Two million Vietnamese died during the Vietnam war. 4% of Japan died during WW2, and they also happened to have nuclear weapons used against them. The Korean war was enormously destructive, and after the cease fire, most of South Korea's industrial base ended up on the wrong side of the border. South Korea operated under a military dictatorship for decades. Vietnam is still a single-party Communist state, with attendant corruption and looting. All four countries are dramatically richer today than Haiti. Disasters and foreign debt don't explain the difference.
- BoiledCabbage 5y agoWhy are you comparing recovery between countries 50-60 years post incident with a country that just had the event 10 years ago? That makes no sense to me. Of course they will be different.