Africa should learn from Korea

Discussion in 'General Global Topics' started by bluesky79, Oct 19, 2012.

  1. bluesky79
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    bluesky79 Member

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    대한민국의 기적 한국을 아십니까? Do you know about Miraculous Survival of Korea? - YouTube

    Last December, The Economist published the article, ‘Africa Rising.’ Over the past decade, the average growth rate of African countries was 6.8~8.8%. However, the World Bank and other international institutions that support development in Africa reminded them that growth in Africa must continue and recommended that they follow the Korean economic growth model. Following the Korean War and the Japanese colonization, South Korea remained one of the poorest countries in the world for over a decade. The growth of the industrial sector was the principal stimulus to economic development. Now it ranks 15th in the world by nominal GDP and 12th by purchasing power parity. Now, Korea and Africa has formed inter-government consultative body to actively address the developments through effective coordination and creative organization of the relevant forums. I hope to see Africa's economic growth catch up with the developed countries.
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Land rich in resources has it's people living in poverty...
    :eusa_eh:
    While rich in resources, Africa’s people live in poverty
    October 25, 2012 - Delegates from around Africa wrapped up the 8th African Development Forum, ADF, in Addis Ababa, Ethiopia, on Thursday, October 25. African countries were called on to harness their abundant natural resources for the sustainability of economies and the empowerment of the people of the continent.
     

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