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How did South Korea go from third world shithole to first world

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How did South Korea go from third world shithole to first world economic power in ~50 years? Is it actually remarkable or exaggerated? How much did US/foreign aid have to do with it?
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>>285765
Yes. American economic aid had a HUGE effect on the South Korean economy.

Miracle on the Han river my ass.
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>>285765
I understand that South Korea benefited tremendously from the Vietnam War. It was actually, somehow, poorer than the North after the Korean War.
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>>285781
It's not the Vietnam war, but Park Chung-hee's presidency.
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>>285774
Funny thing is in the 50's that many people said that due to them being Koreans they'd never be ass successful as Japan and never develop.

>>285781
NK had the backing of other powers that put more money into it and only until the 90's did it fuck up.
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Through the magic of free economy with the Wonderful Wizard of (Uncle) Sam? I really hate to discredit my nation, but we helped them a bit, and kinda made sure that the Norks would get pissed over it.

PS: What we're the Norks like regarding human rights and social policies before '91?
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>>285781
>It was actually, somehow, poorer than the North after the Korean War.

Because the North was the richer part of the country before the war. The North had most of the country's industry; South Korea was mostly agricultural before the country split.
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Didn't a general in charge of the country say "make us an economic power or I'll kill you"?
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>>285774
But it doesn't explain everything on its own. Among all the nations who benefited (sometimes in exchange of some "minor" political intrusions) from american economic aid, most did not do so well, I mean, compared to the incredible economic growth of South Korea.
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>>285912

They applied a policy of selective protectionism which, unlike other cases such as Latin America, led to competitiveness and an increase in productivity
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>>285912
SK had Japan to help out as well as education of key people.
Also it was best in America's interest to have SK on it's side since it was surrounded by NK and China. SK was key on their side to have and promote it's growth over say Congo where anything but Commie and it's government supporting the U.S being enough.
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>>285926
It also had a very firm government (dictatorship) that was very eager to modernize the country.
And they were not the dumbest of dictators, which made the beginning of the process very sudden.
And much like Japan, the "free market spirit", if it even exists, developped pretty quickly, (If you can call "entrepreunarial spirit" the envy to make money as fast as possible) which partly led to endemic corruption, along with, probably, some of the best (i.e. most marketable) technological advancements ever up to this day.
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>high genetic potential
>help from america
>single-party state with smart economic policies
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>>285923
and this.
One thing to remember that many other countries at the time took the spread your economies legs open wide and take everything in like Jamaica like trade liberalization, privatization, and deregulation. Privatization isn't bad and if done right is pretty nice, done wrong and it''s pure and utter stupidity.

Others took a "we have the resources, lets do the manufacturing thing" since our former colonial master did so will using our resources to make shit until they realized the cost of manufacturing was too high for the nation to sustain on top of lacking expertise.

Relying on resource to pump you up has the key issue of prices getting shot like Nigeria when the oil glut occurred.

South Korea and Japan amongst other Asian nations did shit that economists and certain powers were crying "THAT SHIT DON'T WORK. IT'S USELESS". 40 years later look at the countries development path and you can see who was right and who was wrong.
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>>285781
They had to pay for things for their citizens. Whereas NK could pool it's economy into a single chain. It's the reason monarchies and the like tend to develop.
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>>285912
East Asian Confucian work ethics

East Asian Confucian anti-drug ethics
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>>285765
US aid was indeed of great importance, but mostly in the way it was utilised. Western powers poured billions of dollars into many countries across the globe, including almost every shithole in Africa, yet none share the success of Korea. Most of the aid delivered to Africa was spent on unnecessary prestige projects that turned out to be widely inefficient. A large part of Korea's success was simply due to effective leadership, especially during the Park Chung-hee period. Park was famous for his obsession with economic growth and kept a daily eye on development. Careful efforts were also made to invest in industries which were of great importance, including healthy investment in agriculture.

Indeed, you could argue that Park was the ideal type of dictator. The country was definitely better off after his period of rule. If you want to read more on his presidency I can strongly suggest ''The Park Chung Hee Era'' by Ezra Vogel, which is an excellent in-depth analysis of the great period of South Korean development.
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>>285765
The blueprint for economic development is pretty straightforward. However, the governments of developing nations are generally too weak to enact the sweeping reforms needed. South Korea is a special case because it was of interest to Japan and the USA:

Traditional land-owning power structures need to be abolished and the land given to peasants, who can then complete to boost productivity. But going against the landowning elite in favour of peasants? Hardly something your average third-world government is in a position to do. Luckily, the US were more than capable of strong-arming South Korea's population.

Major investment in education is a vital to any economic development, but a first-world school system is expensive. South Korea couldn't afford one. Luckily, Japan could - while it was occupying the country, obviously it wanted to control education and instil pro-Japanese ideas.
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>>286011
>Western powers poured billions of dollars into many countries across the globe, including almost every shithole in Africa, yet none share the success of Korea.

Gee I wonder why.
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>>285912
you fail to realize that sk is only a recent success story. before the 2000s nobody even talked about south korea when i was a kid (that said could be my selective memory). nobody probably gave it even a though until the olympics in the late 80s. and anyway, until then it was producing cheap shoddy industrial products equivalent to China today or Japan in the 1950s.
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Read Ha Joon Chang, he writes a lot about South Korea. Download "23 Things They Don't Tell You About Capitalism" and read Chapter 12.

Give this a read as well, remember South Korea was a military dictatorship during its developmental years
http://www.sjsu.edu/faculty/watkins/park.htm
>One of the first things Park did after assuming power was to persecute South Korean business leaders for profiting from the corruption in the South Korean government. Twenty four of the leading businessmen were arrested. The founder of Samsung, Lee Byung Chull, escaped this treatment only because he was out of the country at the time. When Lee Byung Chull returned to Korea he met with Park and agreed to cooperate with Park's economic development program. Later Lee and other prominent business leaders offered to donate all or a substantial portion of their fortunes to the government. They ended up paying fines but not giving up their businesses. The Park regime morality campaign was probably less about corruption than asserting the traditional Confucian social system in which "merchants" had to recognize their status at the bottom of the social hierarchy. There was a campaign against foreign products such as cigarets and foreign cultural influences such as dancing.
>Although the Park regime did not takeover all of the business holdings of those labelled "illicit profiteers," it did nationalize the banks. The motivation for this was to gain control of the flow of capital in the country so it could be directed into the sectors that the government wanted to develop.
>Park set up three powerful agencies of oversee his development program: The Economic Planning Board (EPB), The Ministry of Trade and Industry (MTI), The Ministry of Finance (MoF)
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>>286031
>There is an obvious similarity to the Japan's agencies for economic development. As in the case of Japan these agencies are important components of what might be called Korea, Inc. A fourth agency, the Korean Central Intelligence Agency (KCIA), was the instrument of political control which went along with the centralization of economic decision-making.
>One of the first projects of the Park regime was the building of the Seoul-Pusan highway. This highway connected the two largest cities of South Korea but at the time of its construction it served more of a symbolic purpose than a transportation need based upon benefits versus costs.
>To achieve the industrialization of South Korea that he thought was necessary for defense and prosperity Park Chung Hee generally relied upon private businesses, the chaebol. But in some cases, notably the Pohang Iron and Steel Company (POSCO), Park chose to use public enterprises. In the case of steel he opted for a public enterprise only after years of the failure of private enterprise to develop a successful steel industry. The story of the success of POSCO under the direction of the general Park Tae Joon is told elsewhere. The story of enterprises such as Hyundai's shipbuilding is also told elsewhere. The important thing is that the Park regime initiated a successful program of industrialization for South Korea based upon export-oriented industries which were guided and aided by the government.
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>>286033
>The next development of the Park strategy for the economic development of South Korea was the Heavy and Chemical Industries (HCI) Plan. This was a shift in orientation. The HCI Plan formulated in the early 1970's, in addition to calling for the development of heavy industries and chemical industries, involved a more centralized, import-substitution orientation of the economy. The HCI plan followed the creation of a new constitution, the Yushin Constitution, that increased the power of the government and suppressed political opposition. Although the HCI plan achieved increased industrialization it was at the cost of distorting the economy and ultimately the plan was a failure.
>The regime of Park Chung Hee ended with his assassination by the head of the Korean Central Intelligence Agency. The assassination was apparently provoked by Park's demand that protests and riots currently occurring be suppressed "even if it cost 30,000 lives." Park Chung Hee was meeting with the top level leadership of South Korea in the headquarters of the Korean Central Intelligence Agency (KCIA). He criticized the head of the KCIA, Kim Jae-kyu, for not completely suppressing the riots and protests in the Cholla region. Kim as head of the KCIA told Park that it would cost 3,000 lives to carry out that suppression. Park replied that he did not care if it cost 30,000 lives, he wanted it done. Another member of the Park regime supported Park's criticisms of Kim. Kim then went into a restroom where he retrieved a pistol hidden there. With the pistol concealed on his person, Kim returned to the meeting. He then said to Park, "Your Excellency, how can you govern the country with insects like this as part of your government?" He then pulled out the pistol and shot the other member of the group that has supported Park's criticisms of him. He then turned to Park and shot him in the head. Park did not die instantly but after a very short period.
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>>286031
>>286033
>>286036
Many Latin American countries, specially Brazil, Mexico and Argentina, had similar developmental policies during this period, none worked so well, and they also received U.S. money through the "Alliance for Progress".

In the end, it all boils down to the fact that Asians are smarter and more hard-working.
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High human capital.

Protectionism isn't the answer, since every developing country had protectionist policies. In Latin America, we still have them.

International trade is overrated, in a way.

Koreas have high IQ and are hard working. This is more or less what you need. With that, you can copy foreign technology and all that.

When it comes to development it is all about increasing productivity. You do that by copying technology from productive countries and by having large saving rates.
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>>286031
This guy is a hack. No economist takes him seriously.

>>286046
Exactly. And I say that as a Latin American.
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>>285765
>third world
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>>286046
>>286050
>>286056

>>285923 here
But protectionism in SK was not as widespread nor as long as in LA. The point was to make their companies compete internationally, which was not the case in LA.
I'm a Latin American as well (Chilean)
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>>286046
Latin American countries had very different forms of economic policies than the South East Asian countries which discreetly centrally planed their economies by directing the flow of capital towards industries they deemed to be in their long-term national interests

Japan and South Korea [historically] were the closest countries you will find that were close to functioning economic Fascism [with a human face] after WWII

read this:
http://www.paecon.net/PAEReview/issue23/Locke23.htm
>Fascist and Nazi economics were centrally-planned but not socialist, but [economists] tend to dismiss these economic systems... and have made precious little effort to develop rigorous theoretical accounts of how they worked... the Japanese system has achieved many of the things the fascists wanted
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>>286066
>Korea
>Japan

>South East Asian


You're literally fucking retarded
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>>286050
ehh, iq is a spook. i give you the hardworking part, but that is a function of traditional asian culture. korea has a lot of advantages over south american countries too. It has limited natural resources, which imo always put's a country's back against the wall and forces its people to innovate. Excess natural resources, as in africa and SA, is easier to exploit but it is usually distributed for patronage purposes and makes for corrupt government (see oil in: nigeria, mexico, venezuela, russia, saudi arabia). then you have proximity to japan, an economic giant in its own right which provided inspiration and the know how for industrialization. You also have the fact that korea has an extremely homogenous population bound by a single culture. This makes is much easier to organize people and get them to sacrifice, because they have faith that their culture and traditions will be perpetuated. In contrast, no country in SA has this. All of them have significant mixed indian and white populations as well as unintegrated blacks. It amounts to a racial caste system.
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>>286063
We tried that in Brazil.
Didn't work.

>>286066
We have done that as well. Plenty of sectors had huge subsidies and import taxes. For a while, importing informatic products was banned, since they wanted to build a Brazilian hardware industry.

Didn't work.
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>>286063
>But protectionism in SK was not as widespread nor as long as in LA. The point was to make their companies compete internationally, which was not the case in LA.

Yes it was, South Korea followed heavily protectionist policies till the late 80s [the Regan administration began to force them to] and they still are more so than most Western nations.

Protectionism works with intelligently crafted industrial policy, that's the lesson of the success of the Asian countries.
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>>286063
>The point was to make their companies compete internationally

Brazilian here.

We tried that too, the idea behind government support for the installation of a automative industry in Brazil by foreign manufacturers was that we would export to developed countries, and at the same time develop a native industry to service the automobile one (tyres, engines, etc).

It didn't work. Brazilian cars were shit so only Brazilians bought them, and our businessmen couldn't develop the supporting industry so we were left without that too.
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>>286072
I meant East Asia, don't know why I added the South
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>>285817
Pretty much the same. A pretty good book on pre 90s NK is Comrades and Strangers, it's written by a brit teacher that lived in Pyongyang back in its "good days".
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>>286083
>We have done that as well. Plenty of sectors had huge subsidies and import taxes. For a while, importing informatic products was banned, since they wanted to build a Brazilian hardware industry.
>Didn't work.

Just giving money to industries and preventing imports won't do shit, that wasn't how Korea developed. They threatened the hell out of business owners to succeed [or else they would be tortured or killed]; it was pretty much a mafia state in the 60s and 70s
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>>286102
>They threatened the hell out of business owners to succeed [or else they would be tortured or killed]; it was pretty much a mafia state in the 60s and 70s

Citation: none.
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>>286094
North Korea was more like any other totalitarian Eastern European country before the 90s. They were subsidized by the USSR in those days so they could still provide basic services to the population. The whole system began to totally break down in the 90s when the subsidies stopped coming and mass famine broke out.
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>>286084
It is mostly their IQ and work ethic that makes the Koreans work. Try to build a Hyundai or Samsung in Venezuela and you will see what happens.

There is no evidence that protectionism leads to growth.

We Latin Americans tried every policy that exist in terms of protectionism, as well.
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>>286102
You don't need to threaten business owners to succeed. They already want to succeed.
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>>285794
Nah. They fucked up starting in the sixties,when they started having to extend the 7 year plans.

Basically, in the 50s, Kim listened to Mao and Stalin saying that he should integrate North Korea into the socialist economies, providing light industry and some heavy industry for the Maritime Provinces and Manchuria.

In the 60s, he realized he wasn't going to be able to get his war because of Krushchev and started militarizing the economy to try and be ready to take the south directly.

>>285893
Nah. By the end of the Korean war, North Korea was bombed to all shit.
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>>286108
Mark L. Clifford, Troubled Tiger: Businessmen, Bureaucrats, and Generals in South Korea, M.E. Sharpe, Armonk, New York, 1994.

>>286119
Your average Korean was stupider than most Africans in the 60s; Japanese thought Koreans were literally monkeys they were so stupid.
Development resulted in increasing the education level. You don't need intelligence to work on an assembly line. Education generally comes after development.

America, Germany, Japan, and Korea all are successful due to their initially heavily protectionist trade policies they used to develop there industries
https://en.wikipedia.org/wiki/Infant_industry_argument
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>>285765
https://www.youtube.com/watch?v=mzA5qaCs7XE

Because they had amazing music.
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>>286126
Business owners want to enrich themselves, they don't care about the long term viability of what they are doing or if it's in the national self-interest. The point of business is to enrich yourself, it's not philanthropy. If I can make more money by relocating to Vietnam, I will.
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>>286157
>Your average Korean was stupider than most Africans in the 60s; Japanese thought Koreans were literally monkeys they were so stupid.

Do you really take fucking Japanese imperialist propaganda during the 1930s at face value?
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>>286157
Koreans were never stupid. East Asians always had good IQ averages.

Infant Industry is something that only works in theory under very unrealistic assumptions. Krugman when he was an academic worked on that. And he was very much against protectionism.
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>>286167
You enrich yourself by making a viable, long term company. Ask any of the founders of FIESP (a powerful industry org in Brazil) about this.

Their industries failed and this brought them down terribly.
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>>286169
They carried out intelligence tests on the population, they were dumb as bricks. The grand majority of the population was illiterate and couldn't understand how to follow basic instructions. Korea was a very different place in those days, it goes to show how development can radically change a population.
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You guys seem to believe that Koreans were complete idiots before the Korean War period.

They weren't. They were just classist as fuck similar to how Russia was.

Joseon had a huge culture of scholarship due to the peace and stability that existed for most of it's rule. (Think Sakoku in Japan)

The Japanese colonial period made Koreans 2nd class citizens of Japan, which is better than nothing. They had access to factories, a rapidly modernized military, universities, cars, trains, planes. iron ships and guns, none of which was available in Joseon.

Many of the chaebol CEOs were Japanese educated Koreans, along with many of it's military leaders (Park Chung-hee)
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>>286187
You don't get rich with lame long-term strategy, what you do is use your profit to engage in stock buybacks to inflate your stock value instead of reinvesting in long term interests then sell off and move on and do it again and again
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>>286190
That's not true.
Eastern Asians are famously immune to the Flynn effect. They always had good IQ scores.
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>>286213
Yeah, no. You get really rich by having a viable business not by trying to outwit the stock market.

No industrial in Brazil tried to do what you said.
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>>286215
[citation needed], seriously I'm interested
Give me something from pre-1960s from Korea [north or south], maybe I'm just delusional and falling for Japanese propaganda
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>>286011

>yet none share the success of Korea.

Israel.
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>>286338
Chile
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>>286169
We take colonial propaganda and accounts seriously so why not?
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>>286175
proof.
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>>285765
>How did South Korea go from third world shithole to first world economic power in ~50 years?
It didn't, SK is a highly repressive military dictatorship to this day.
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>>286658
and their innovation is shit because the culture dis incentivizes entrepreneurship and everyone just studies to just work for a Chaebol.
Their government is trying to spur up some independent innovation but honestly what's the point when if you fail (oh and you will, even the successful people failed at some point in some way) you bring shame.

Imagine having a son that instead of using his top marks to work for Hyundai and get a stable healthy paycheck decided to make his own company that God knows may succeed or fail and may be a burden is pretty stressful on a parent.
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>>286702
That, and whenever people actually muster the courage to try and control their workplaces and government they get murdered by police / KCIA.
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>>286222
You said yourself that they failed.
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Park Chung Hee was an angel for South Korea, a true patriot.
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>>286011
I've read that book, it's awesome to see how Park could be so based. If he hadn't lead the country, South Korea would be Philippines tier.
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>>285954
Pre-70s Mexico?
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>>286050
Saying that culture or genetics are the key of their development is bullshit. In the book Bad Samaritians, Ha Joon Chang proves that you are not right. Foreigners of developed countries said that Germans, then Japanese and then Koreans were lazy (before industrialisation). That hard-working argument is bullshit.
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>>286702
>son that instead of using his top marks to work for Hyundai and get a stable healthy paycheck decided to make his own company


this is imagining that most new companies are started by people fresh out of school or university, when really the most successful companies are usually started by people who have had strong, successful careers in a particular sector and already have a good idea of what niche they can fill.
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>>288943
East Asians and Europeans (esp. north Europeans) are able to defer satisfaction for later. They're able to study hard for a test now instead of playing videogames so that they can reap the rewards later.

negroes and other mud people are less able to do this.

This is why sub-Saharan Africa will never be fixed as long as sub-Saharan Africans are in charge of it.
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>>286195
>Many of the chaebol CEOs were Japanese educated Koreans, along with many of it's military leaders (Park Chung-hee)
Yet no South Korean wants to admit to this.

It's amazing how much they imitate and take after the Japanese despite the fact they loathe them.

My Korean neighbors always go on a rant about Japan...yet they drive a Honda and Mazda. They also love going to sushi restaurants. If you're gonna hate somebody, go full out and not half-ass it.
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>>288943
Not even a weaboo, but European visitors to Japan in the 16th, 17th, and 18th centuries remarked how industrious and productive the Japanese were.
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>>288943
Ha Joon Chang is a hack. No one takes him seriously.
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>>289175
ad hominem
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>>285765
https://en.wikipedia.org/wiki/Four_Asian_Tigers

Basically huge tariffs against foreign competition, giant subsidies for domestic producers and massive government infrastructure projects alongside a regulated market for long term economic growth.

No free market shit.
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>>288990
lol.
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American aid, same reason Japan had a boom in the 80s.
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>>286046
>Many Latin American countries, specially Brazil, Mexico and Argentina, had similar developmental policies during this period
They all worked

What it didnt work were the dictatorships which took over and applied the most liberal economical policies possible, you might now them as reaganconomics on steroids.
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>>288927
Anon, please don't make me sad.
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>>286023
>gandhi was rayciss
>guy spends the entirety of his south african stay helping his countrymen get rights and not be treated as branded labor.
>but he didn't help the blacks
boo fucking hoo.
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>>292825
T think you and that anon you posted don't really get the point of how Gandhi was like back then. His bad experiences with whites made him sympathize with Blacks but like he was with Dalits he kinda ignored them.
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>>289161
Korean here. When they go on those rants, they're typically focused on history and politics (whether it's justified or correct is another story). I doubt you'll find a Korean who'd argue the quality of Japanese goods these days.
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>>286031
>was a military dictatorship
>was
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>>285912
https://en.wikipedia.org/wiki/Four_Asian_Tigers
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>>285817
SK didn't have a particularly free market. It's often compared with the nordic countries in that regard
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>>293148

It's more of a corporatocracy now.
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>>285765
Japan and Singapore did it in less time
China is doing it without foreign aid
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>>286232
Koreans have always valued education more than anything. The problem was the caste system that prevented the peasant majority from getting an education. Another problem was Confucianism that prevented advancements. Keep in mind that though most East Asian countries called themselves Confucianist, none were nearly as hardcore about it as Joseon. But in terms of the upper class, Koreans were highly educated. Look up Seonbi, a highly-respected scholar class that existed during the Joseon dynasty. That itself should tell you something - that the most respected people in Korean society for hundreds of years were scholars. Koreans used the Chinese system of testing for government positions, but the Korean version was notorious for being much much more difficult. Lastly, educated Koreans did try to modernize in the late 19th century but obviously they failed due to domestic and foreign opposition. Uhh you really ought to study Korean history from a Korean perspective to balance your views considering that you probably have at least some interest in the subject based on your participation in this thread.

Anyway, not directed at you or anyone in particular, but people are just plain dumb and ignorant when it comes to Korean history. Last night i saw someone claim that Korea was a bunch of tribes before the Japanese occupation.
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>>293273
Singapore is literally a city. China got a shitload of economic aid, even from Japan. And every developed country in the world invested in China and built millions of factories there.
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>>293290
At the same time, it's not like you can draw a straight line between Confucianism and economic success.

That's become an easy assumption with the success of Japan, Korea and China, but it's not necessarily on good foundations.

For example, Bradley Martin makes the case (and I largely agree with him) that North Korea preserves Confucian tradition, with it's love of learning, disdain for merchants and reliance on moral, rather than financial incentives.

South Korea didn't get quick by valuing the educated highly. Park had little in the way of formal education beyond his officer training, and the heights of power in his regime were dominated by military officers and 'merchants'.

He also uncermoniously kicked the Yangban in the dick, and put power in the hands of the peasants.

And it's not like Korea made a leap into high end services. Even by the 80s, when growth was firmly secured, Korea made it by low-skilled light industries. Education was a traditional luxury Koreans could finally afford once their wages increased, not a source of wealth, itself.

That also, btw is a factor of why Korea took off so well. Yes, nations like Latin America tried the tariff export model, but they rarely looked at the needs of larger economies.

They looked at America, saw what they did, and tried to do the same. The story of Brazil's failed autoindustry isn't a story about Brazilians just being shitty. It's a story about how dumb of an idea it was to try and enter into the automobile market, an industry dependent on tremendous amounts of accumulated cultural experience, with no clear gaps in the market.
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Step 1: You get industrialized by Japan

Step 2: America decides to make it maybe their best proxy state, and fuels in a lot of money

Step 3: Government doesn't fuck completely up, and its not a shithole like most US proxy states

Step 4: Long term economic planning is done, which helps a lot
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>>286046
>had similar developmental policies
That doesn't money they are similar at all.
If you tl:dr what Park Chung-hee did you end up with something like
>Takes over the nation
>Be patient
Which you could say for a lot of people.

The most important thing seem to be, that he had a proper alliance with USA, and he wasn't installed to be some puppet.
The other important thing is that he was allowed to rule for 20 years, and his death didn't end with the leadership collapsing.
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How much of a pimp would you feel like if you were one of the Kims.

You literally have millions of people around who will suck you off on command.
>>
Any good documentaries or films about the Korean War?
>>
Lol at all the butthurt leftards ITT, trying to come up with shitty excuses.

Let me lay down the true reason for SK's success : FREE MARKET CAPITALISM
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>>296798
excellent argument bro
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>>296818
>>>/north korea/
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>>296798
Korea was far from a free market, it was state-sponsored capitalism with elements of social democracy (korea has had free healthcare since the 70s)
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>>296798
>South Korea
>free market

lol no
>>
>>296984
> it was state-sponsored capitalism
Sounds like current China.
>>
>China and Korea get fucked
>CONFUCIANISM IS HOLDING THEM BACK
>East Asia becomes an economic powerhouse
>WOW CONFUCIANISM IS SO GREAT WE HAVE MUCH TO LEARN

I hate academics.
>>
>>296993
Yes it does. Because it pretty much is.
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>>297003
Welcome to just-so isms.
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>>285765
>Unlabled Axis...
>>
Because the Koreans a) aren't fucking retards and b) had a fairly capitalist economy but with massively protectionist trade policies.
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>>297043
Better yet they didn't listen to the wrong people and listened to the right ones.

For example the Imf made Jamaica it's bitch in every single way. It ain't even stupid but the Imf is basically making them do austerity measures on the level of Greece despite Jamaicas case being way less severe.
>>
>>296993
The difference is that Chinese companies are state-owned, because of muh communism. But yeah, it's pretty much the same.
>>
>>297079
Except all the foreign companies that do business there.
>>
>>297058
The INF and the World Bank used to promote seriously development, between the 50s and 70s, but neoliberals fucked all global economy up. Plus failed development policies, but although some countries failed to develop they should have continued to promote industrialisation and protectionism, planning carefully like Japanese, Koreans and now Chinese does.
>>
>>297088
But China has very strict policies towards foreign companies, haven't they?
>>
Koreans work hard and are willing to make personal sacrifices for their nation. Korea probably had more violent anti-government protests than any other Asian country in the world but not a single store has ever been looted. Compare that with third world countries that loot and steal every time there's an earthquake or riot. Hundreds of thousands of Koreans went to Vietnam as soldiers and Germany as nurses. Read up on Park Chung Hee, he had to freaking beg Western nations to invest in Korea because no one gave a shit about Korea back then. Also during the IMF Koreans donated a shitload of gold to the government. Koreans have good work ethic and ethnic camaraderie.
>>
>>285958
>South Korea and Japan amongst other Asian nations did shit that economists and certain powers were crying "THAT SHIT DON'T WORK. IT'S USELESS". 40 years later look at the countries development path and you can see who was right and who was wrong.
Could you elaborate on what that was?
>>
>>297709
I'd like to know too. IIRC Japan's GDP per capita isn't even very good for a developed country these days while the Koreans' biggest worry is trying not to hit the same wall of stagnation and pork barrel/limp stimulus fed debt pile the Japanese did.
>>
>>297857
That's because Japan's been in a 25+ year recession. Frankly, their days are numbered. Especially with their crushing debt
>>
I work as the single Canadian in an entirely, and I mean ENTIRELY south Korean company.

Let me tell you these fucks are worse than Nazis when it comes to thinking they are master race. They truly believe they are the best. Most racist ppl I've met to, mind you.

The only guy in my company with a shred of intelligence and ambition is my direct boss, whom i treat as a father more than a boss.

FUCK south Koreans. They're degenerate in every way and the worst Asians I've ever met. US shoulda fucking let them fend for themselves
>>
>>285787
I know a trans that looks exactly like that.
>>
>>298096
Koreans have a massive inferiority complex that they try to hide with proclaiming superiority. They are a people that have been fucked over for thousands of years by Chinese, steppe nignogs, Japanese, and Russians. For hundreds of years, they tried to prove that they were the Chinese but better, and in this modern era they try so hard to prove they're the Japanese but better.

There's an "illness" in Korea called hwabyeong, which is intense anger or fury at perceived unfairness. It makes sense they have some weird shit like that considering their history.
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>>298131
Isn't Japan still elite in technology innovation?
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>>298131
Off the bet I can just tell this guy is Korean American. Hwabyeong is literally Hwa = anger. Byeong = disease. The only time they ever use the word would be when someone is trying to say "You are pissing me off." Koreans do have inferiority complex towards the Japanese and let's be honest Japan is ahead. As for China, almost every country had inferiority complex towards the mainland throughout history because they were the centre.
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>>299171
yeah. They aren't quite as big in consumer innovation but in tech in general they're great.
>>
>>298096
and all the ones I know never even bring up Korea
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>>298096
Koreans do have the tendency to kind of completely belittle and step on others who they consider to be beneath them. This is common mostly for those poor fucks who just tasted some cash. Old money tends be better just like in any society.
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I know Park was great but you have to give respect to this man. Korea nowadays is keked to a point where if you praise this man in public, you are immediately considered an ilbe choong(parasite).
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>>299212
Who is he?
>>
>>299199
Lol putting Old money on a pedestal.
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>>299378
the guy who oversaw the korea's transition from dictatorship to democracy
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>>298096
Yeah, all my coworkers are south Korean except 2 others. Living in Korea didn't make me dislike them, but working with them certainly did. The best ones are the ones in late 20s-early 30s. I don't know why, but they tend to be the most tolerant and the most friendly.

The ones older than that are horribly arrogant and rude and passive aggressive. You've got a people that were shitting in a ditch 2 decades ago who now think they're the shit because they enjoy some first world luxuries.

The younger ones (20 and below) are basically the same as anyone from that age group in America; narcissistic, entitled, and always on their phone.

I've talked to a few of the girls I work with. I don't know what to make of them. They always share their food with me though, so I guess they're alright.
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>>296798
>FREE MARKET CAPITALISM

>SK
>Literally 5 year plans and all production planned by the Government until the 1990s.

More like

>Not retarded dictatorship.
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>>294904
My wish every day, imagine the fucking parties Kim Jong Un must have my god.

That being said, I wish their government wasn't filled with senile old military fucks who wish to keep songun in full force so they still control the country factionally through the might of the KPA.

North Korea could be the next china if they had any sense and reformed towards managed state-capitalism.
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>>285787
>It's not the Vietnam war, but Park Chung-hee's presidency.

It's both. PCH sent Korean soldiers to fight in the Vietnam War and America/Japan to reward him basically started putting money into Worst Korea.
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>>288919
No if, it was Philippines tier back then. Even worse apparently. contemporary accounts of Seoul back in the Rhee era tell about the city swarming with beggars.
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>>286119
>Venezuela

It's an extractive resource petro state. That is the reason it's a shit hole. It had no need to develop human capital. Like Colonial Spain (with precious metals) it could get all the money it needed so the need to develop institutions and capital just wasn't there. Same deal with all the Middle East/African countries that suddenly discovered oil ex. Nigeria.
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>>293230
The Nordic countries have some of the freest markets on earth.
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>>285765
And no one see an impact of Star Craft ?
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>>288927
what do you mean? what was the deal with mexico before the 70s?
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>>293198
>These nations
>Hong Kong
Dropped.

Did Wikipedia's standard drop or is it just stupid western bias at work yet again?

Hong Kong is not a fucking nation.
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>>301422
Oh, and neither is Taiwan.
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>>301409
Sort of socialism. Starting all the way from the 1910 revolution, but being formally established by Lázaro Cárdenas.
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>>298117
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>>301560
Lady Ranma doesn't have a dick though family
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>>301162
Based bonjwas
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>>298077
>Especially with their crushing debt

Most of their debt is owed to their own people via various financial instruments such as bonds or through semi-private government institutions like the Japan Post Bank. In other words their debt is due to their high rate of savings amongst the Japan population.
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>>301422
>>301424
Both Hong Kong and Singapore have populations that rival a lot of European countries and were autonomous.

>Oh, and neither is Taiwan.

Let's be real here, it's a nation whether or not Taiwan/China want to admit it.
>>
>>285781
That was because the North was getting subsidised like crazy, getting free oil from Soviets and much more.
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>>285994
This is very right.
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>people saying that protectionism was implemented in L.A

ignorant fucks.
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>>302871
>Republic of China

>not a nation

>not a country

Fucking communists, please leave. You're just mad that an Asian country is led by a CATHOLIC leader who was DEMOCRATICALLY ELECTED.
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>>301422
Hong Kong and Taiwan were asian tigers though. the wiki might have used sloppy language cause the person who wrote it didn't realize the historic weight of the term.
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>>304552
the guy was arguing the same thing you are, you're anger is misdirected
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>>304552
Republic of China is just China.
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