You have explained the economic history of the Asian NICs quite well but your argument that developing countries cannot become advanced economies unless they are democratic is entirely arbitrary. Taiwan has already achieved developed economy status under the benign authoritarian rule of Chiang Ching-Kuo. Democratic elections did not begin until the 1990s but income and wage levels have stagnated since then. Although Korea became democratic since the late 1980s, you failed to establish that growth since then has anything to do with democracy. Who is to say that Korean industries cannot compete with Japan or that the Korean economy cannot continue to grow had it's government remained authoritarian?
@smythson855 жыл бұрын
Singapore is another example. She is not fully democratic
@paullee99655 жыл бұрын
@@smythson85 Very true. And Hong Kong has never been a democracy in history although some yellow ribbon Hongkongers tried to pretend otherwise.