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> Now, the obvious argument against China imitating the growth of a country like SK is that SK is small enough that it was able to grow at a phenomenal rate ...
by maratd 15y ago
> Now, the obvious argument against China imitating the growth of a country like SK is that SK is small enough that it was able to grow at a phenomenal rate ...
Really? I would think the obvious argument against China growing at the same rate would be a consistent application of laws, respect of property rights, and some form of political maturity. Granted, China is improving on all of those factors, but they still have such a long way to go and that is what will hamper their growth.
- jbooth 15y agoAs opposed to early south korea? Didn't they only start the whole elections thing in the last 20-30 years?
- w1ntermute 15y agoNo, read up on South Korean history-their export oriented economy was originally constructed during the 1970s by US-backed dictator Park Chung-hee. SK has only been democratic for about 20 years.