Friday, 1 January 2016

A script to rebuild Yemen’s economic base | GulfNews.com

A script to rebuild Yemen’s economic base | GulfNews.com:

"They called it the Asian miracle. It all started some time in the 1950s when Japan first decided to move its economy away from being an agrarian one. South Korea followed then with a different example.

Then other East Asian countries followed suit, each with its own success or failure story. So what happened? And why does this matter today? Here it comes.

Japan sent its engineering and other specialists to Germany to acquire knowledge that could be brought back. South Korea did the same but by sending its people to Japan. What these countries realised is that it is okay to start as a raw material exporter, or as a planter and exporter of food staples that are in great demand at the beginning of their paths to accelerated growth and global competitiveness."



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