Not bad. But about financial repression is wrong. Best example is Russia. They few decades tried to make all things at home, naming it import-substitution ("и

Not bad. But about financial repression is wrong. Best example is Russia. They few decades tried to make all things at home, naming it import-substitution ("импортозамещение"). Really they need this because they want to conquer world, and manufacture independence need to withstand sanctions. And in reality they got extremely criminalized economy, and economy slowdown, because it is much easier to falsify documents, to claim mostly Chinese produced goods, than to really make own production. Same thing practice Ukraine and most other ex-USSR countries, with same result. Second is that regulations vectored to limit access of imported goods, inhibit economy, because they limit access of business to really need things. For example, Ukraine have high import taxes for automobiles, to support internal auto producers, but in reality, because of this limitations, we have prices for same machines, few times higher than in neighbor countries, and small business cannot buy automobile and lot of business are not opened at all. These import barriers are so powerful brakes, that even last years chain of open market agreements with many countries, does not help to grow gdp much, we have grow of potential markets for 1000% in 10 years, but gdp grow less than measurement error. Korea was poor country before economic liberalization, and before them jailed president :) To be strict, none of mentioned methods alone could be driver for grow more than for few percents, and to grow faster, need to make them ALL good enough, comparable to developed countries of old democracies.