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[QUOTE]Originally posted by zarahan- aka Enrique Cardova: [QB] [b]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. [/b] Dumbass, if you knew so much about South Korea then you would not have been debunked n detail above. If you "knew shiit" you would know how important US aid was to South Korea's initial development. You say your are so well read on the topic. If you were, you would not be making the BS claims that are exposed above. Who do you think you are fooling? [b]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. [/b] No one is "overemphasizing" it. Your own boy Park, whom you keep urging me to "read" says so. Let's quote your own boy again: [i]"This represents 52% of the total budget.. thus more than half the national budget depended on the United States.. It showed, dramatically, that our government would have to instantly close down if US aid were withheld or withdrawn." [/i] [b]We will let statistics decide. Domestic investments was much more important for South Korea development than foreign investments. [/b] You are once again attempting to shift the goalposts. No one ever said foreign investment was more important than domestic, and the issue at hand is foreign aid from the US and etc, not direct investments from all over the world. [b]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. [/b] Who ever argued otherwise? And isn't "local investment" obvious, in that every country has actual people within its borders who "invest"? Gee, is this another obvious insight of yours Captain Obvious? [b]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. And 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.). [/b] None of this supports your minimization attempts, as already shown in detail above. You keep repeating things that are NOT at issue, as if you are making some kind of profound argument. [b]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. [/b] Not at all. I never said domestic took a back seat to foreign, and on one ever said S.Korea was a static place that would keep receiving the same amount of US aid in 1945 as in say 1980 or 2016. Let me again quote from what I said on page 1: [i]Yes, I don;t totally disagree, but keep in mind that SOuth Korea got plenty of aid from the US, billions worth. Not saying that said aid is DIRECTLY responsible for the SK takeoff, but too often people seem to think the takeoff was out of the blue. [/i] [/QB][/QUOTE]
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