I really appreciated the post, especially the section on Asian manufacturing. However, I noticed you used the term "rule by law," which generally refers to manipulating legal frameworks to meet political objectives. Based on the context of your post, it seems you intended to say "rule of law," which emphasizes the importance of everyone being treated equally under the law.
Ah I actually did mean rule by law! South Korea, Taiwan, Vietnam and China all had rule by law rather than rule of law when they going from low to middle income status, but seemed to have sufficiently good legal systems to make the jump.
This article is interesting but it really needs proof-reading. There are some missing parts, poorly structured parts that are hard to understand. Would be great to read the corrected version.
I really appreciated the post, especially the section on Asian manufacturing. However, I noticed you used the term "rule by law," which generally refers to manipulating legal frameworks to meet political objectives. Based on the context of your post, it seems you intended to say "rule of law," which emphasizes the importance of everyone being treated equally under the law.
Ah I actually did mean rule by law! South Korea, Taiwan, Vietnam and China all had rule by law rather than rule of law when they going from low to middle income status, but seemed to have sufficiently good legal systems to make the jump.
This article is interesting but it really needs proof-reading. There are some missing parts, poorly structured parts that are hard to understand. Would be great to read the corrected version.
Poor countries are poor because their rich are very rich and capture most of the income generated.