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But South Korea wasn't using pure comparative advantage either. Ha Joon-Chang mentions that LG was originally a textile company, but the government forced them
by js8 1y ago
But South Korea wasn't using pure comparative advantage either. Ha Joon-Chang mentions that LG was originally a textile company, but the government forced them to expand into cables. And 50 years later.. had they followed comparative advantage, they would still be a textile company.