3 ms·
> Arguably because of state intervention in the economy. More than that. It's the closest thing we have to a successful economic experiment replicated multiple
by oblio 3mo ago
> Arguably because of state intervention in the economy.
More than that. It's the closest thing we have to a successful economic experiment replicated multiple times in real life.
It's the Japanese model. Meiji Japan, post-WW2 Japan. South Korea, Taiwan, Singapore, Hong Kong, China more or less followed the same pattern.
- Mainan_Tagonist 3mo agoOn the topic of economic development, David Landes is worth reading, both the Unbound Prometheus and The Wealth and Poverty of Nations provide a solid understanding of the reasons behind the development of Western Europe over the past 500 years. The 5 Dragons (Taiwan, South Korea, HK, Singapore, Japan) followed pretty much the same recipes that made Britain, France, Germany, Switzerland industrial powerhouses in their days.