How did Korea become so rich so fast?

[Shimbiris]

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This is a meme, niyahow. Most muslims adopt the cadaan birth-rates within a couple of generations. Look it up.

 

[Omar del Sur]

This is a meme, niyahow. Most muslims adopt the cadaan birth-rates within a couple of generations. Look it up.

well don't the "fobs" live under the same economics? that just illustrates it's the cadaan mindset and not the economics.

 

[GemState]

Economic development is nothing but the development of productive forces of the economy which ultimately is nothing but the development of skills of labour. A workman and and workwoman have to master and develop Industrial technique to the fullest for there to be an increase in production. Ultimately, it is labour productivity that determines the level of living standards of a population.

To sum up, South Korea became rich because it was able to follow an incredibly effective Industrial policy. It was able to protect it's Industry but it wasn't isolated from the world economy because that is the surest way to make Enterprises rent seekers as is the case with large Companies in (say) India or Indonesia.

By contrast, Chinese and South Korean companies are far more competitive and for the most part genuine wealth creators. This is because for the very beginning, the State had put export requirements on them in order to become competitive. Continuously being subjected to rigorous export discipline allows the State to benchmark the progress made by their Companies. Setting standards allows the firms to know what is the ideal which they have to seek. This forces these firms to continuously upgrade their technologies in order to move up the value chain.

The policy of simultaneous provision of subsidies, export discounts, cheap unconditional loans and even Industrial espionage as a part of Economics of development and competition in open market abroad and at home through slow removal of barriers on foreign companies as economics of efficiency may sound contradictory but it is not. Behind every East Asian success story has been a strong State led bureaucracy. This includes MITI in Japan, Economic Planning Board in South Korea, Economic Development Board in Singapore, Industrial Development Bureau in Taiwan and National Development and Reform Commission in China.

Somalia & African countries first need strong centralized states & development of a healthy agricultural sector before even attempting what East Asia did

 

[Shimbiris]

well don't the "fobs" live under the same economics? that just illustrates it's the cadaan mindset and not the economics.

The fobs just showed up. Reality hasn't hit them like a brick yet and they keep their kids in inhumane conditions due to jahilnimo. I ought to know. I'm related to some.



Waryaa, they keep like 8 kids in a two bedroom apartment and send some of them to school with holes in their shoes. That ain't no way to live.

 

[Omar del Sur]

The fobs just showed up. Reality hasn't hit them like a brick yet and they keep their kids in inhumane conditions due to jahilnimo. I ought to know. I'm related to some.



Waryaa, they keep like 8 kids in a two bedroom apartment and send some of them to school with holes in their shoes. That ain't no way to live.

my grandparents were like that too. but these immigrants- they probably are like that in their home countries as well. so it is a difference in mindset I think.

 

[NordicSomali]

Pessimists like you are what hold back progress.

Im indifferent, I hold back no one, I just watch as a silent spectator.

 

[Keo]

I like the optimism but come on

 

[ZBR]

This guy thinks Somalia can replicate the Korean miracle

Demoralization is one of the primary causes of failure

 

[ZBR]

The birth rates at his company speak for themselves regardless of his opinions. And we can agree to disagree but I generally think all the social stuff people talk about isn't to blame here. The economic reasons are far more important. Not enough lacag, not enough time.



Liberals largely agree with you. They don't claim "feminism" is some sort of plague that ruined women's propensity toward being mothers but, in essence, they too believe that women's "emancipation" is partly why the birth rates have plummeted. I disagree. I really think it's mostly economic. Most people around my age in the Khaleej who are middle class can barely afford their own 1 bedroom place as a single. As a couple they'd have to be cream of the crop tech and media types to afford like 2-3 rooms in a decent ish area. Where is the leeway for ilmo?

Interesting that Syria TFR was very low pre civil war and skyrocketed after

 

[El Nino]

Somalia & African countries first need strong centralized states & development of a healthy agricultural sector before even attempting what East Asia did

Agriculture and fair politics should be the main focus for the next few decades, can’t be industrrialising if the population is suffering from droughts. Political reconciliation is slowly

Ideally Somalia would invest heavily into fishing, beef farming and make deals with neighbouring countries to supply grains. Somali enterprises in East Africa could facilitate the latter. Already Kenya & Ethiopia supply Somalia with khat, shit should be changed.

Somalis already ship livestock to Middle East, we would make more if somalis would do the entire processing instead of shipping out alive animals. In regards to fishing and the illegal competition, somalis could chase away langaab countries and be careful with China. New fishing deal should be made with them.

 

[𐒋𐒖𐒆𐒔𐒖𐒕𐒈]

I only ask because maybe it's possible to replicate this in Somalia
Is it possible to have this same economic change take place in Somalia once security is reached?

You may not be considering the then geopolitical importance of S Korea aligned with the West vis-a-vis N Korea, which was aligned with the East (Soviet Union & China) with Vietnam being the theatre of war between US / European powers against soon-to-be Eastern alliance. S Korea greatly benefited from US / European industrial, and capital injection into its economy, of which intent was to protect US / European interest while keeping the East at bay, if engaging an active watch over the rise of China, Russia, and Vietnam further afield – an economic power, and the 3rd fastest growing economy in the world. On the same token, the same applies to Israel, the largest US military station in the world, only in existence to protect US / European interest in the Middle East, and to ensure the Arab world, and by extension the Muslim world, remains weak, if dependent upon the US / European auspices, if guardianship. If you ever get the chance, read the story of Chaim Weizmann, the pioneer, and founder of a charity organisation, in 1906 or thereabout, in Palestine only soon after to lay the foundation for Israel with the blessing of France ( the incubator), Britain (the financier), and US (the sponsor) thereafter.

Postscript:
It shall take time for Somalia to compete economically at that level, primarily ‘cos its human capital is rather negligible, if almost non-existent, with a rather smaller population, if footprint in influence. Educating the populace, creating skilled labour in vocational sectors, and investing in core industries including marine, livestock, and farming could potentially precipitate industrial, and economic growth, equity, and financial freedom. With those, I think there might be a chance for the Somalis to at least regain their stature, and thereby compete, perhaps 50 years from now, if we go by Malaysia's benchmark, and its economic growth model.

I digress, but you get the gist of it. I shall halt it there.

 

[hinters]

I like the optimism but come on

Obviously I mean in the future when stability has reached Somalia. I even specifically mentioned that in the original post.

 

[hinters]

You may not be considering the then geopolitical importance of S Korea aligned with the West vis-a-vis N Korea, which was aligned with the East (Soviet Union & China) with Vietnam being the theatre of war between US / European powers against soon-to-be Eastern alliance. S Korea greatly benefited from US / European industrial, and capital injection into its economy, of which intent was to protect US / European interest while keeping the East at bay, if engaging an active watch over the rise of China, Russia, and Vietnam further afield – an economic power, and the 3rd fastest growing economy in the world. On the same token, the same applies to Israel, the largest US military station in the world, only in existence to protect US / European interest in the Middle East, and to ensure the Arab world, and by extension the Muslim world, remains weak, if dependent upon the US / European auspices, if guardianship. If you ever get the chance, read the story of Chaim Weizmann, the pioneer, and founder of a charity organisation, in 1906 or thereabout, in Palestine only soon after to lay the foundation for Israel with the blessing of France ( the incubator), Britain (the financier), and US (the sponsor) thereafter.

Postscript:
It shall take time for Somalia to compete economically at that level, primarily ‘cos its human capital is rather negligible, if almost non-existent, with a rather smaller population, if footprint in influence. Educating the populace, creating skilled labour in vocational sectors, and investing in core industries including marine, livestock, and farming could potentially precipitate industrial, and economic growth, equity, and financial freedom. With those, I think there might be a chance for the Somalis to at least regain their stature, and thereby compete, perhaps 50 years from now, if we go by Malaysia's benchmark, and its economic growth model.

I digress, but you get the gist of it. I shall halt it there.

Isn't Somalia's location also strategic cause of the red sea?

 

[Keep it a boqol]

Pessimists like you are what hold back progress.

Lmao I remember when @NordicSomali said having an education and having ambition is a White trait.

 

[NordicSomali]

Lmao I remember when @NordicSomali said having an education and having ambition is a White trait.

Some people think so. The question why are you acting white means that.

 

[NordicSomali]

Demoralization is one of the primary causes of failure

I’m. It demoralizing anyone I’m just staying what I think will happen even though I hope the best for the country.

 

[𐒋𐒖𐒆𐒔𐒖𐒕𐒈]

Isn't Somalia's location also strategic cause of the red sea?

It is strategic straddling across the longest coast line from the Red sea to Indian ocean, which was the reason I mentioned developing, and exploiting marine resources.

Postscript:
A smart lady recently said that Somalis lack imagination & inguinity, and not resources. She captured rather nicely a thought that has been circulating in my mind's eye for qute some time.

 

[Garaad diinle]

Africa aside from the usual stuff that slows down its development such as security, politics, colonial past, education and climate the geography of the continent it self doesn't help. The fact that there are no navigable rivers few lakes or few mountains that stores water in the form of snow, few ports for its size etc.

This video touches on the geographical advantages that europe and other places has but africa lacks.

 

[NordicSomali]

We really wasted a great opportunity, we have oil which we could’ve sold for decades when the price was high and become as rich as the gulf countries. Now the world is moving away from oil and the price woll probably fall. We wasted everything because we can’t talk to each other and list and respect each other.

 

[Yaraye]

People from poorer nations tend to produce more kids, because they see this as future investment.

if it's economic- how come people in rich countries aren't having kids while the poorest countries have the highest fertility rates? you have countries where people are starving having top fertility rates. no, I do not believe it is all about economics.

I don't know if this is true, but I heard someone say that poor people have more kids cuz that's the only sport that they have for entertainment