₦airaland Forum

DerideGull: The cramping of many nation states into silly Nigeria was a master stroke by British colonial pigs.

ROSSIKE: Semi-literate drop-out. I'm done with you. Let us know when you get an education. In the meantime, keep searching your you know what..

ROSSIKE: Use a torch and search around your ana.l region to find ''where''. Drug-addled wastrel.

ROSSIKE: I've no time for a known buffoon like you to be honest. You're incurably ignorant and useless as far as discussing anything relating to Nigeria or Africa is concerned. I'll be shocked if you're not bleached white to be honest.

ROSSIKE: Sure. We should depend on your village school and motor park educated self to fill us in.
Use a torch and search around your ana.l region to find ''where''.

ROSSIKE: It is obvious you're just a little kid with foam where your brain ought to be. Why don't you spend some time gaining some real knowledge about the world, in economics, geo-politics and history, so you can contribute meaningfully instead of reasoning like a brute and being anti-knowledge?

The standard story to which most orthodox economists subscribe is one of
export-led growth (see, for example, Tsiang, 1984; Kreuger, 1985; World Bank,
1993; little, 1994). During the 1950s, the story goes, both of these countries
engaged in traditional import substitution policies, with multiple exchange rates,
high levels of trade protection, and repressed financial markets. By the late 1950s,
each country had exhausted the 'easy stage' of import substitution. This, together
with the impending reduction in US aid - which had been the main source of foreign exchange for both economies - led policy-makers in the two countries to
alter their economic strategy and adopt export-oriented policies. These policies
included the unification of exchange rates accompanied by devaluations, various
other measures to stimulate exports (including most significantly duty-firee access
for exporters to imported inputs), higher interest rates, and some liberalization of
the import regime. As a consequence of these measures, as well as a broadly
supportive policy environment (encompassing macroeconomic stability and public
investment in infrastructure and in human capital), exports took off in the mid-
1960s. Export orientation led both economies to specialize according to
comparative advantage, resulting in rising incomes, investment, savings and
productivity.

The creation of stable macroeconomic environments was the foundation upon which the Asian miracle was built. Each of the four Asian tiger states managed, to various degrees of success, three variables in: budget deficits, external debt and exchange rates. Each tiger nation’s budget deficits were kept within the limits of their financial limits, as to not destabilize the macro-economy. South Korea in particular had deficits lower than the OECD average in the 1980s. External debt was non-existent for Hong Kong, Singapore and Taiwan, as they did not borrow from abroad.
While South Korea was the exception to this as their debt levels during 1980-1985 was quite high compared to their GNP ratios, it was sustained by the country’s high levels of export. Exchange rates in the four Asian tiger nations had been changed from long-term fixed rate regimes to fixed-but-adjustable rate regimes with the occasional steep devaluation of managed floating rate regimes.[8] This active exchange rate management allowed the 4 tiger economies to avoid exchange rate appreciation and maintain a stable real exchange rate.[/b]

ROSSIKE: WHAT A LOAD OF DUMBED DOWN GARBAGE. FOR YOUR INFORMATION YOU SHALLOW, NON-RESEARCHING SELF LOATHERS, THE ONLY REASON, REPEAT: THE ONLY REASON South Korea is a developed nation today is that after WW2, the victorious western allies led by the US decided to create STRONG CAPITALIST BULWARKS to checkmate the spread of COMMUNISM in the Asia Pacific. This they did by CHOOSING a specific set of Pacific nations in the 1950s to which they granted UNPRECEDENTED FINANCIAL, TECHNOLOGICAL, AND ECONOMIC SUPPORT INCLUDING, MOST IMPORTANTLY, UNLIMITED ACCESS TO WESTERN MARKETS FOR THEIR FINISHED PRODUCTS.

THE RESULT? By the 1980s, THOSE CHOSEN STATES HAD BECOME THE 'TIGER ECONOMIES' OF ASIA.

WITHOUT THOSE WESTERN INCENTIVES, ESPECIALLY UNRESTRICTED MARKET ACCESS (UNRECEIVED BY ANY AFRICAN STATE IN MODERN HISTORY) SOUTH KOREA WOULD BE NO DIFFERENT FROM ITS ASIAN NEIGHBOURS WHICH WERE NOT CHOSEN - Burma, Nepal, North Korea, Vietnam, Cambodia, Laos, Bhutan, East Timor, Papua New Guinea and others.

SO KEEP THAT IN MIND WHEN POSTING THESE SILLY PICTURES COMPARING NIGERIA AND SOUTH KOREA. BETTER YET, LEARN TO READ THE HISTORY OF DEVELOPMENT OF NATIONS BEFORE DRAWING LAZY CONCLUSIONS BASED ON LACK OF RESEARCH.

Liar!

America built Japan as well?

MANGAM: Take ur cause to the streets and medias in Nigeria show ur faces cowards that lack d livers of the great OJokwu. All I hear abt Biafra is just online

MANGAM: Sick pple. Let's see hw u go abt it and stop hiding bhind d internet

ITbomb: If the condition of the hole is still tight , I guess you can forgive and try to forget .
I believe this should be the time to go for womb check , STDs test etc

geeez: If Western Nigeria had continued to grow at the pace it was, then Seoul will be like ten cities behind Ibadan when developed cities are listed
Its unfortunate we have had to live with the mediocrity of others and contend with the underdevelopment of most of the rest