(Al-Arabiya) Hisham Melhem - In 1960 the GDP per capita for South Korea and Egypt were almost equal, $155 and $149 respectively, and their populations were 25 million and 27 million respectively. By 2012 the GDP per capita in South Korea reached $16,684 with a population of 50 million. In comparison, Egypt's GDP per capita grew only to $1,976, and its population tripled to 82 million. What went wrong in Egypt and what went right in South Korea is a tale of political will and good and bad governance. South Korea invested heavily in education and in its corporations and revolutionized industrial productivity by empowering women and incorporating them in the labor force.
2014-10-03 00:00:00Full ArticleBACK Visit the Daily Alert Archive