Quotes & Sayings About South Korean Economy

Just like any other company, Samsung can fail, and if that happens, how will the South Korean economy overcome the shock? If we don't decrease our over-reliance on the chaebols and prepare to let smaller, dynamic start-ups fill the gaps in their place, it won't. — Kim Young-ha

A man can't turn tail and run just because a little personal risk is involved. What did Shakespeare say? 'Cowards die a thousand deaths, the brave man ... only 500?' — Meredith Willson

Freedoers are at disadvantage compared with freethinkers because people suffer more obviously from the consequences of deeds than from those of thoughts. — Friedrich Nietzsche

And in this moment, I realize one reason it's so great to have a best friend is sometimes, like right now, Cal and I are thinking the very same thing. — Kimberly Willis Holt

In our house, everyone's opinion is welcome. I grew up in a house where everything wasn't when it came to politics or religion. — Garth Brooks

History needs shepherds, not butchers. — Terry Pratchett

On the other hand, there are a number of cases where economic growth did not produce better governance, but where, to the contrary, it was good governance that was responsible for growth. Consider South Korea and Nigeria. In 1954, following the Korean War, South Korea's per capita GDP was lower than that of Nigeria, which was to win its independence from Britain in 1960. Over the following fifty years, Nigeria took in more than $300 billion in oil revenues, and yet its per capita income declined in the years between 1975 and 1995. In contrast, South Korea grew at rates ranging from 7 to 9 percent per year over this same period, to the point that it became the world's twelfth-largest economy by the time of the Asian financial crisis in 1997. The reason for this difference in performance is almost entirely attributable to the far superior government that presided over South Korea compared to Nigeria. — Francis Fukuyama