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007 JMK
VisualEconomik EN
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Comments by "007 JMK" (@fujigoko007) on "China Must Be Careful With Vietnam" video.
Imperial Japanese economists believed that economic development required discipline. It was a belief based on the writings of Max Weber. (1) Discipline based on strict agricultural work. (2) Military discipline. (3) Discipline through education. One of these is necessary for a country to develop into a semi-developed country. Postwar Vietnam had two. Escaping the middle-income trap requires elite discipline. It's a philosophical thing. Protestantism, Judaism, Bushido, and other philosophies. Philosophy is necessary as a discipline for elites ,because the development of a country is closely related to the direction of investment. Philosophy influences direction. If these are lost, even developed countries will fall into the middle-income trap.
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From a Japanese perspective, Judging from trends in high-speed railways and the construction of a new capital, Indonesia may fall into the ``middle-income trap.'' Vietnam has a history of mixed military and peasantry, and has an atmosphere of good old development dictatorship. It's good that it's the same for Taiwan and South Korea.
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