South Korea's economic reforms – a recipe for unhappiness
My native South Korea is something of a star performer. With per capita income of around $20,000 (on a par with Portugal), it is not one of the richest countries, but we are talking about a country whose income was less than half that of Ghana's until the early 1960s. With an annual per capita income growth rate of just under 4%, it is one of the fastest-growing OECD economies.
Once a byword for hyper-exploited sweatshop labour, churning out cheap transistor radios and trainers, the country now possesses the only thing that stands between iPhone and world domination (the Samsung Galaxy).… Seguir leyendo »