Contents
Introduction5
Ⅰ.TheKoreaParadox21
ParadoxofImpossibleTasks21
ANewNarrative27
Paradox,MotherofAllMiracles30
DignifiedPovertyandtheUltimateParadox36
TheNewReligionofMaterialism40
ConstantThreat,BlessinginDisguise45
TheGroundworks
Ⅱ.ObsessionwithEducation53
MandatoryEducation,FirstSteptoProsperity53
UnusualHungerforEducation58
OriginofHigherEducationinKorea61
AllBrainsareCreatedEqual64
PrivateSectorEducationMarket66
Ⅲ.ForWhomtheEconomyGrows72
DevelopmentMakesPeopleExpensive72
AssetValuesandValueofthePeople76
EvaporatedLandedClass87
EvaporatedNationalCapital90
Ⅳ.IndefensibleCountry95
ImportanceofKorea,TwoOpposingViews95
USKoreaMilitaryAllianceandKoreanInsecurity99
DefenseofSouthKoreaasaFactorofEconomicGrowth104
Ⅴ.TheStoryofTakingOff110
FromChaostoTake-Off110
ReluctantEntrepreneurs116
ImportSubstitutionisMarketAugmenting126
ChangesinFarmSector130
UniqueTrajectory
Ⅵ.TheRoadWhereOthersShouldNotTread137
Heavy,Mechanical,PetrochemicalandElectronic(HMPE)Industries137
BlindCourageorTimelyWisdom144
SeedforNewIndustrialAmbition151
TheCaseofSemiconductor156
DismantlinganAuthoritarianGovernance159
SpitonMyTomb161
SadExperienceofDefenseIndustry167
Ⅶ.UniqueTrajectoryoftheLonelyDragon172
IndustrialMigrationandWages172
FourAsianDragonsandChina176
ThornBushforDirectInvestment180
EconomicDevelopmentbyBorrowing187
UniqueCorporateFinancingStrategy191
OverBorrowingandAdjustment195
Ⅷ.TechnologyNationalism200
Japan’sLost30Years200
ImprovementversusInnovation206
HistoryofCatchingUPbyTechnologyNationalism211
ForeignInvestmentandTechnologyTransfer216
TheKoreanModelofTechnologyNationalism220
HistoryofGovernment-FundedResearch230
SlowBirthofaSystem237
TheKoreanResearchFarm244
Ⅸ.TheCancerintheKoreanEconomy250
TheGoodChina,Taiwan250
DoesKoreanDevelopmentModelNeedJaebol?253
SmallandMediumIndustryofTaiwan261
MetastasisoftheKoreanEconomicCancer265
BigisBeautiful269
FateorStrategy274
NoneButtheBestDeservestoSurvive278
Appendix:InsidetheTaiwanMiracle293
Ⅹ.EconomicDevelopmentandHumanValue300
PeopleValuesDifferbyCountries300
TurningPeopleintoScarceResources304
UrbanRedevelopmentProjectswithNoBudget307
TheWinners317
IsKoreaGoingAnywhere?
ⅩI.KoreansThinkWeJustBegan329
AnEffectiveSkeletonforNationBuilding329
DemocracyandtheKoreanDevelopment337
ChangeofGovernmentandEconomicGrowth344
RoleofMoralityinDevelopment350
PorcupineTheoryofNationalDefense356
Appendix
IsthereanAdvancedCountryStagnation
Syndrome?367
TheAmericanExceptionalisminIndustrialGrowth373
ⅩII.OpportunitiesforKorea381
ChangesinNewInternationalRelations381
DonotPredicttheFuture,Makeit384
GreenEnergyInitiatives386
MakingFuturebyFusingIndustries390
Appendix
ATheoryofTrinityinNationalDevelopment397
Epilogue407
