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[QUOTE]Originally posted by Amun-Ra The Ultimate: [QB] [QUOTE]Originally posted by zarahan- aka Enrique Cardova: [qb]Dumbass, must I school you yet again? You minimized the role of aid in South Korea, and I demonstrated using your own sources, that you are plain wrong. Rather than simply qualify or correct your claim, you go into lame diversion or restatement of what you have been already debunked on, posturing as as if you originally made the point. No one is being fooled by such. [/qb][/QUOTE]What irks me in all of this is you don't know shitt about the development in South Korea (and many other countries -cited above- who had to catch up in term of development) while I on the contrary read a lot about it and you have the audacity to contradict me and insulting me at the same time. Not knowing something is perfectly normal, pretending you know something when you don't makes you a total idiot and a liar. You say I minimized the role of foreign investments in the economic growth of South Korea. I say you and your neo-liberal literature overemphasizing it. We will let statistics decide. Domestic investments was much more important for South Korea development than foreign investments. As it is the case everywhere around the world. Local banking and local investments sectors is something that is fundamental to build as it was the case in all countries in the world. When Park Chung Hee took power. The state of South Korea was pitiful. In a similar state than many African countries today. Too much dependence on foreigners. The main goal of Park Chung Hee was to reverse the situation left to him by previous puppet governments. He did that by initializing a ideology of "Self-Suffiency" (support to Koran enterprises, South Koran conglomerates, education, research, agriculture, diversification of trading partners (including regional tradings with other asian nations), etc.). Other countries like the China, Scandinavian countries, Germany, and the USA/Japan (both earlier) did something similar. [IMG]http://i1274.photobucket.com/albums/y421/amunratheultimate2/Misc2/Domestic%20Investment%20and%20FDI%20in%20South%20Korea%201980-2005_zpslrgdk943.jpg[/IMG] Here you can see that the proportion of FDI against Domestics investments was only 0.09% in 1980. You are clearly the one who overemphasize it. What is fundamental in the development of every country is development the local banking and investments sectors (which is what all developed countries did), which will lead to the development of enterprises and industrial sectors through domestic investments and initiatives. I like you but now, kindly shut your yap and learn. This thread is a book proposition thread. Take the opportunity to read books written by Park Chung Hee. He actually been there (SKorea was in similar state than many African countries today when he took power), done that (reverse the situation through his policies of "self-sufficiency"). The ideology of "Self-reliance" was the ideology directing every government actions (from the support to conglomerates and enterprises to Korean research (R&D), FDI restrictions, foreign loans, agriculture, education, etc). You can only get it, when you read it. If African countries do something similar to that. Half the victory would have been won. The main ideology of Park Chung Hee was one of "Self-Reliance". Everybody interested should google it, read his books, etc. Every developed nations did this at one point of their history. [/QB][/QUOTE]
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