Re:Economists are now admitting that they were wrong about g...
by barry-cotter on Friday October 25, 2019 @09:16PM
(#21360906)
Korea didn’t do step 1 and it did fine. Their post war land reform lead to farms so small that there were no tractors in the country until something ridiculous like 1970.
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Re:Economists are now admitting that they were wrong about g...
by pas on Friday October 25, 2019 @09:21PM
(#21360940)
They had a big population boom, also they very much did a lot of reforms needed to increase economic output (eg. private property laws, market liberalization, free trade agreements, clear-ish laws, education, healthcare, dense urbanization, public transportation).