Neither were colonised by the West though.
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Thanks! Also, good column as usual.
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You overlook the huge positive role that protectionism played in both the rich countries's and catch-up counties's boom-phase (esp. protecting/nurturing infant industries). Robert Allan's 'Global Economic History' is pretty decent on this.
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Yes. But there's only room for so much in one column! I've written a lot about this in other posts.
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Fair point! I withdraw the mark I made moments ago.
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Hong Kong & Singapore.
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True enough, but Taiw and Kor grew rapidly before decolonization as well. Kor grew at about 4% per year under Japanese rule, with growth backloaded after 1931. Taiwan did not industrialize much under Japan, but I believe its agricultural productivity was equal to prewar Japan's.
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Nothing close to what Kor achieved in the 60s and 70s, or Taiwan after 1950, but a respectable showing for a prewar economy.
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Look up the fraction of South Korea’s national budget that came from outside in its early years.
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Taiwan wasn't really decolonized until the mid 80's to mid 90's depending on how you define decolonization though :)
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