4 ms·
Agreed. Japan's "lost decade" started 10-20 years before the rest of many Western (e.g. United States) and non-Western nations (e.g. People's Republic of China,
by moandcompany 2y ago
Agreed. Japan's "lost decade" started 10-20 years before the rest of many Western (e.g. United States) and non-Western nations (e.g. People's Republic of China, Republic of Korea, etc).
- alephnerd 2y agoThe US had a lost decade similar to Japan in the 90s during the 1970s-80s with similar convos of a rapidly aging and backwards society (https://www.nytimes.com/1981/05/24/us/rise-of-elderly-population-in-70-s-portends-vast-changes-in-nation.html https://www.nytimes.com/1981/05/24/us/rise-of-elderly-popula... // "malaise forever" - https://m.youtube.com/watch?v=czfKPaypNsU https://m.youtube.com/watch?v=czfKPaypNsU) The biggest difference was the US was able to leverage white collar immigration to develop a substantial lead in the computing industry by the mid-90s. SK is probably going to hit a similar bust like Japan's soon (they're basically following the same cycle as Japan except with a 25-30 years lag)
- oezi 2y agoWhat mattered more white collar or illegal immigration? Every country can chart its own way. South Korea is both more healthy innovation wise and less healthy demographically, right?