Anniversary

[Jim Farmelant]

Nearly forty years ago, the British economist Joan Robinson
was writing about North Korea as some sort of economic
miracle, and of South Korea as an economic basketcase.
That might sound pretty dotty today, but it wasn't back
then, when it looked like that the North Koreans
would able to make successful use of the Stalinist
model for economic development.

Jim F.

On Mon, 16 Sep 2002 16:09:42 -0400 Doug Henwood <dhenwood at panix.com>
writes:
> Brad DeLong wrote:
> 
> >No. No victory (save over Hitler, or over Imperial Japan) is worth 
> 3 
> >million dead.
> >
> >But the Vietnamese Communist Party does not rank among the economic 
> 
> >(and, I hope, soon political) miracle regimes of East Asia, no? 
> Much 
> >better outcomes in South Korea and Malaysia and Thailand, no?
> 
> SK derived considerable stimulus from procurement for the war in 
> Vietnam. In the early 1960s, SK was regarded as a basket case by the 
> 
> development establishment, and South Vietnam as a potential miracle. 
> 
> We don't really have great explanations for why some countries did 
> well, and others (e.g. Indonesia) didn't. So, there was no way of 
> knowing who'd do well and who wouldn't 40 years ago.
> 
> And China has grown profusely under a Communist Party. Who'd have 
> guessed that?
> 
> Doug
> 

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