Recommendations from our site
“It has dozens of tables of capital and interest rates and loans, and all of the actual mechanics of how South Korea in the 1950s to the 1980s went from being among the poorest countries in the world—making $60 per capita per year after the Korean War—to the country we see today. Annual per capita income is now $35,000 according to the World Bank and last year Korea beat Japan in per capita income at purchasing power parity. The argument is basically that the Korean government took a very central role in economic planning. They didn’t have a lot of resources and they were very aggressive and strategic in placing every dollar they had in industries that mattered.” Read more...
The best books on Industrial Policy
Danny Crichton, Journalist
