Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,606 members, 7,812,988 topics. Date: Tuesday, 30 April 2024 at 01:46 AM

How Did South Korea Become Wealthier Than Most African Countries - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / How Did South Korea Become Wealthier Than Most African Countries (1876 Views)

Three Persons In Nigeria Wealthier Than 83m Nigerians – Oxfam / Who Did South East Delegates Voted For? / How did South Korea become wealthier than Africa combined in less than 70 years (2) (3) (4)

(1) (Reply) (Go Down)

How Did South Korea Become Wealthier Than Most African Countries by ArewaWife(m): 8:49am On Aug 06, 2021
How did South Korea become wealthier than most African countries in less than 70 years?

Answer?

How did South Korea become 100 times wealthier than most African countries in less than 70 years?
Depressing propaganda, and education

During the massive industrialization in South Korea schools would repeat “Our country doesn’t have natural resources. So what does that mean?” and the kids would reply “We have to study”, and the teachers would say “The human mind is the best recourse” or something like that.

South Korea quite literally had nothing after the war. We had no building left, we had no money left. But what we did have was a lot of people. With this parents made their children study for hours for a better future than themselves.

Exporting meant everything for the Korean economy. Since we had absolutely no natural material to gain money from, we used the American aid and began building factories and started importing materials from foreign nations. As this happened we would export as much as we could.

South Korea’s development also largely has to do with nationalism. The people would do everything for the country as if it was their own son. During the IMF crisis in Asia South Korea was hit extremely hard, yet was able to recover in such little time. A lot has to do with the people. During that period the South Korean government asked the people for gold to pay off the debt. Surprisingly the people actually did listen, people would line up with their marriage rings and other important gold assets and just give them to the government.

Its an economic miracle for South Korea, now with all this said, I would like to add i am NOT a professional economist. So thats mean I might be incorrect in my statement.

Culled from Quora

4 Likes

Re: How Did South Korea Become Wealthier Than Most African Countries by Dabronze(m): 8:56am On Aug 06, 2021
The empire state of mind of the future is mindset Churchil Winston
Re: How Did South Korea Become Wealthier Than Most African Countries by ArewaWife(m): 9:01am On Aug 06, 2021
Dabronze:
The empire state of mind of the future is mindset
Churchil Winston

now I get the connection between S. Korea Israel and Jewish studies. The people who were in Israel during the establishment of the stat felt the same way. And almost every Jewish child around the world has gotten the same message about the only dependable asset is your mind. Israel has seen a similar amazing growth. And Jews like Koreans around the world are per capita more academically successful the most groups of people due to being brought with similar messages from there parents.

5 Likes 1 Share

Re: How Did South Korea Become Wealthier Than Most African Countries by Harrymig1(m): 9:05am On Aug 06, 2021
Good leadership and its ripple effect.

4 Likes 1 Share

Re: How Did South Korea Become Wealthier Than Most African Countries by vicfajeze: 9:12am On Aug 06, 2021
Our great country Nigeria can be greater if Fulanis are asked to submit all their COWS
Re: How Did South Korea Become Wealthier Than Most African Countries by Dabronze(m): 9:21am On Aug 06, 2021
ArewaWife:


now I get the connection between S. Korea Israel and Jewish studies. The people who were in Israel during the establishment of the stat felt the same way. And almost every Jewish child around the world has gotten the same message about the only dependable asset is your mind. Israel has seen a similar amazing growth. And Jews like Koreans around the world are per capita more academically successful the most groups of people due to being brought with similar messages from there parents.
Africa as the largest natural resourses but with people that have poor mindstet that why all the political leader steal money that their next generation cant finish and yet seein their people suffering.
China With low natural resources are borrowing african countries with good natural resources money to run their economy
British has zero natural resources but their money has the highest value because they are good at management
never unedrestimate the power of mindset

6 Likes 1 Share

Re: How Did South Korea Become Wealthier Than Most African Countries by FarahAideed: 9:25am On Aug 06, 2021
Simply developing proper comparative advantage on select services and products and exporting to the world ...that's the only way a country can get rich ...Short sighted people like Buhari and Tinubu thinks its by taxing your citizens silly without even offering infrastructure for them to grow ..Buharis comparative advantage industry he has developed is Islamic Terrorism and you can see that Nigeria is doing very well in that field. , Infact we are number 2 on earth in just 6 years of Buhari

1 Like 1 Share

Re: How Did South Korea Become Wealthier Than Most African Countries by babasolution: 9:31am On Aug 06, 2021
Dabronze:
Africa as the largest natural resourses but with people that have poor mindstet that why all the political leader steal money that their next generation cant finish and yet seein their people suffering.
China With low natural resources are borrowing african countries with good natural resources money to run their economy
British has zero natural resources but their money has the highest value because they are good at management
never unedrestimate the power of mindset

Britain doesn't have zero natural resources stop those lies and propaganda, Britain as huge through Scotland has huge reserves of oil,England itself as so many mineral deposits,besides they have proxy natural resources through decades of exploiting many nations resources during their colonial times
Re: How Did South Korea Become Wealthier Than Most African Countries by Dabronze(m): 9:42am On Aug 06, 2021
babasolution:


Britain doesn't have zero natural resources stop those lies and propaganda, Britain as huge through Scotland has huge reserves of oil,England itself as so many mineral deposits,besides they have proxy natural resources through decades of exploiting many nations resources during their colonial times
Pls can you give me one oil company name frm British
Re: How Did South Korea Become Wealthier Than Most African Countries by babasolution: 10:05am On Aug 06, 2021
Dabronze:
Pls can you give me one oil company name frm British

BP(British petroleum)

1 Like

Re: How Did South Korea Become Wealthier Than Most African Countries by Imustnottalk: 10:25am On Aug 06, 2021
Nigeria is richer than south Korea but our leaders make it worsen by stealing everything with all means
Re: How Did South Korea Become Wealthier Than Most African Countries by theTranscriber: 10:58am On Aug 06, 2021
babasolution:


Britain doesn't have zero natural resources stop those lies and propaganda, Britain as huge through Scotland has huge reserves of oil,England itself as so many mineral deposits,besides they have proxy natural resources through decades of exploiting many nations resources during their colonial times
besides they stole enough from Africa,Asia and their other colonies to last a lifetime

Only countries like Japan, south Korea, Malaysia, Singapore are worth following

All European countries plundered and stole in the name of "civilisation"

2 Likes

Re: How Did South Korea Become Wealthier Than Most African Countries by ChangedMan1999(m): 11:01am On Aug 06, 2021
Homogeneity

2 Likes

Re: How Did South Korea Become Wealthier Than Most African Countries by Buckeyemedia1: 2:04pm On Aug 06, 2021
vicfajeze:
Our great country Nigeria can be greater if Fulanis are asked to submit all their COWS
Are you a cow, what concerns you & Fulanis? Or it is because of Fulanis you were not able to prosper in Nigeria? Useless Almijiri.
Re: How Did South Korea Become Wealthier Than Most African Countries by KwaraRat: 2:15pm On Aug 06, 2021
They don't have a nigger infestation problem.
Re: How Did South Korea Become Wealthier Than Most African Countries by lkillbrokehoes: 2:39pm On Aug 06, 2021
Because they don't loot the way black men does
Re: How Did South Korea Become Wealthier Than Most African Countries by leofab(f): 6:17pm On Aug 06, 2021
Shear determination
Re: How Did South Korea Become Wealthier Than Most African Countries by Plut01: 4:50am On Aug 07, 2021
.


The development of South Korea within the period of 80 years was propelled by the successful establishment of their steel mining and processing industry.

Fact is, Nigeria and South Korea were perfect competitors as the Itakpe minning and processing plant in Kogi state (which has gulped over 20 billion dollars since it was first established) was constructed a year before that of south Korea.

While the construction of the plant in Korea was successful and put Korea on the path way of rapid development, Nigeria plant on the other hand was mared with insane corruption by our leaders and fully buried by the British and her Western friends that believed it is unreasonable for a country so blessed like Nigeria to have a working steel processing plant.

One of English representatives 9 months into the construction of the Itakpe steel plant, stood up in front of his colleagues and in the presence of their then prime minister (who made a visit to the legislative house) and said; 'This black country with a fertile land and all available resources known, now having a working steel plant and raw material beside will Jeopardize our interest in the world political and economic Arena. Thus must be frustrated with sanctions and agreement to halt the construction of the plant. We [British) will always be around to purchase their resources in raw form".

There is one thing which Steel production aids and brings to a nation which many other resources could not. Technology advantage is one. Check the list of top 5 steel exporting nations and you will discover only India among them is lacking in development. Look at China, look at Japan, they do not have to import this important material. They have it and they can process it, so what they need next is how to turn it into money which they eventually did.

In fact, the development of south Korea was majorly as a result of that single successful establishment of their steel industry. They established it and rubbished the whole world with their Gadgets that marveled everyone and in turn gave Britain more reasons to frustrate a another of such from seeing success.

Man, so many vested interest in this contraption that are always ready to make sure things don't work and anyone who tries to make it work will be weeded out.


.

2 Likes

Re: How Did South Korea Become Wealthier Than Most African Countries by ivolt: 7:03am On Aug 07, 2021
Real education.
Love for country.
Lack of saboteurs.

1 Like

Re: How Did South Korea Become Wealthier Than Most African Countries by ivolt: 7:04am On Aug 07, 2021
Imustnottalk:
Nigeria is richer than south Korea but our leaders make it worsen by stealing everything with all means
You don't know the meaning of rich.

2 Likes

Re: How Did South Korea Become Wealthier Than Most African Countries by Imustnottalk: 7:19am On Aug 07, 2021
ivolt:

You don't know the meaning of rich.
no sir I don't know
Re: How Did South Korea Become Wealthier Than Most African Countries by SlayerForever: 7:19am On Aug 07, 2021
FarahAideed:
Simply developing proper comparative advantage on select services and products and exporting to the world ...that's the only way a country can get rich ...Short sighted people like Buhari and Tinubu thinks its by taxing your citizens silly without even offering infrastructure for them to grow ..Buharis comparative advantage industry he has developed is Islamic Terrorism and you can see that Nigeria is doing very well in that field. , Infact we are number 2 on earth in just 6 years of Buhari

Re: How Did South Korea Become Wealthier Than Most African Countries by obaaderemi: 7:21am On Aug 07, 2021
Plut01:
.


The development of South Korea within the period of 80 years was propelled by the successful establishment of their steel mining and processing industry.

Fact is, Nigeria and South Korea were perfect competitors as the Itakpe minning and processing plant in Kogi state (which has gulped over 20 billion dollars since it was first established) was constructed a year before that of south Korea.

While the construction of the plant in Korea was successful and put Korea on the path way of rapid development, Nigeria plant on the other hand was mared with insane corruption by our leaders and fully buried by the British and her Western friends that believed it is unreasonable for a country so blessed like Nigeria to have a working steel processing plant.

One of English representatives 9 months into the construction of the Itakpe steel plant, stood up in front of his colleagues and in the presence of their then prime minister (who made a visit to the legislative house) and said; 'This black country with a fertile land and all available resources known, now having a working steel plant and raw material beside will Jeopardize our interest in the world political and economic Arena. Thus must be frustrated with sanctions and agreement to halt the construction of the plant. We [British) will always be around to purchase their resources in raw form".

There is one thing which Steel production aids and brings to a nation which many other resources could not. Technology advantage is one. Check the list of top 5 steel exporting nations and you will discover only India among them is lacking in development. Look at China, look at Japan, they do not have to import this important material. They have it and they can process it, so what they need next is how to turn it into money which they eventually did.

In fact, the development of south Korea was majorly as a result of that single successful establishment of their steel industry. They established it and rubbished the whole world with their Gadgets that marveled everyone and in turn gave Britain more reasons to frustrate a another of such from seeing success.

Man, so many vested interest in this contraption that are always ready to make sure things don't work and anyone who tries to make it work will be weeded out.


.
You are correct. Development in the 20th century was largely based on the steel industry. Nigeria really messed up. Ajaokuta steel would have made Nigeria very rich and would have helped even northern Nigeria.

But now it's mainly about ICT.
But can we actually say India is undeveloped?
Re: How Did South Korea Become Wealthier Than Most African Countries by Nobody: 9:00am On Aug 07, 2021
Two words America, Geography
Re: How Did South Korea Become Wealthier Than Most African Countries by Plut01: 9:02am On Aug 07, 2021
obaaderemi:
You are correct. Development in the 20th century was largely based on the steel industry. Nigeria really messed up. Ajaokuta steel would have made Nigeria very rich and would have helped even northern Nigeria.

But now it's mainly about ICT.
But can we actually say India is undeveloped?
.


To some extent when compared to her counterparts on the Steel production chart. India is the least developed.


.
Re: How Did South Korea Become Wealthier Than Most African Countries by Nobody: 9:09am On Aug 07, 2021
ArewaWife:
How did South Korea become wealthier than most African countries in less than 70 years?

Answer?

How did South Korea become 100 times wealthier than most African countries in less than 70 years?
Depressing propaganda, and education

During the massive industrialization in South Korea schools would repeat “Our country doesn’t have natural resources. So what does that mean?” and the kids would reply “We have to study”, and the teachers would say “The human mind is the best recourse” or something like that.

South Korea quite literally had nothing after the war. We had no building left, we had no money left. But what we did have was a lot of people. With this parents made their children study for hours for a better future than themselves.

Exporting meant everything for the Korean economy. Since we had absolutely no natural material to gain money from, we used the American aid and began building factories and started importing materials from foreign nations. As this happened we would export as much as we could.

South Korea’s development also largely has to do with nationalism. The people would do everything for the country as if it was their own son. During the IMF crisis in Asia South Korea was hit extremely hard, yet was able to recover in such little time. A lot has to do with the people. During that period the South Korean government asked the people for gold to pay off the debt. Surprisingly the people actually did listen, people would line up with their marriage rings and other important gold assets and just give them to the government.

Its an economic miracle for South Korea, now with all this said, I would like to add i am NOT a professional economist. So thats mean I might be incorrect in my statement.
Culled from Quora

Why don't we talk about why North Korea is poor
Re: How Did South Korea Become Wealthier Than Most African Countries by vicfajeze: 2:25pm On Aug 14, 2021
Buckeyemedia1:
Are you a cow, what concerns you & Fulanis? Or it is because of Fulanis you were not able to prosper in Nigeria? Useless Almijiri.
haaaaaaaaaaaaaa,see yourself, we shall continue to dominate you people till eternity.Shege barawo

(1) (Reply)

[2023] Cow Ban: North To Give South-East The Kurt Zouma Treatment / Defence Headquarters' Scorecard In Two Weeks / APC: I Saw This Pix

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 47
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.