4 ms·
The Philippines saw a massive amount of American investment after WWII. I don’t have exact figures but it is comparable to South Korea. There are lots of differ
by blululu 3y ago
The Philippines saw a massive amount of American investment after WWII. I don’t have exact figures but it is comparable to South Korea. There are lots of differences. One Marcos was the most corrupt politician in history (in terms of total money looted). Two, Korea benefited from cultural and geographic proximity to Japan. As a former colony it was able to sell low cost products on the Japanese market and secure manufacturing contracts from Japanese firms. Three you might also make a point about the influence of Confucianism and Protestantism on Korea. To this day Korea is a very Christian country by East Asian standards (~30%) and the Chaebols are more Protestant than the overall population. Contrast with the Catholic Philippines and you can make a classic Weberian case of work ethic.