We have all heard that S Korea sent a delegation to analyze Pak's Five Year Plan in 60s.
However what we have not heard is:
In the same period, S Korea also sent delegation to US, USSR, Japan, Germany, France and a number of other States to gather info on
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However what we have not heard is:
In the same period, S Korea also sent delegation to US, USSR, Japan, Germany, France and a number of other States to gather info on
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..Global best practices.
Five year plan only contributed to infra development. What made S Korea is a unique synergy created by HRD + R&D + Export led Industry; centrally controlled by President Park Chung-hee, Korea's Military Leader from 1964 to 1979.
As a first step;
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Five year plan only contributed to infra development. What made S Korea is a unique synergy created by HRD + R&D + Export led Industry; centrally controlled by President Park Chung-hee, Korea's Military Leader from 1964 to 1979.
As a first step;
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~ Promising students were despatched to foreign Universities who attained PhDs in respective fields
~ 18 State of the art R&D institutions were created and integrated with various Universities.
~ State funded these institutions (S Korea spend 4.1% of its GDP on research,...
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~ 18 State of the art R&D institutions were created and integrated with various Universities.
~ State funded these institutions (S Korea spend 4.1% of its GDP on research,...
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2nd only to Israel).
~ These institutions were also linked to 4-5 Major Korean Industrial Units (pvt owned; Samsang, Daewoo, Kia, Hyundai, LG)
~ In a drive to promote self reliance; all defense contracts were granted to these units. Special relations with USA were used to
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~ These institutions were also linked to 4-5 Major Korean Industrial Units (pvt owned; Samsang, Daewoo, Kia, Hyundai, LG)
~ In a drive to promote self reliance; all defense contracts were granted to these units. Special relations with USA were used to
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..get even US military contracts for these companies. Investment on R&D came in handy to meet US Military "Milspec" standards (1/1000 mm error permitted).
~ These State funding on military and infrastructure development contributed to the "spin-off" (transfer of mil tech
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~ These State funding on military and infrastructure development contributed to the "spin-off" (transfer of mil tech
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..to produce merchandise for open market)
~ Resultantly these corporations grew to become conglomerates. Engines of Korea's Socio-economic growth.
This partnership of State, Corporate and Intelligentsia continues to date, making Korea most innovative country in the world.
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~ Resultantly these corporations grew to become conglomerates. Engines of Korea's Socio-economic growth.
This partnership of State, Corporate and Intelligentsia continues to date, making Korea most innovative country in the world.
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Where did we missed the boat:
~ State patronization of HRD and R&D
~ Mr Bhutto labeled our nascent, yet promising corporates as villains; nationalizing the industry, taking us decades behind in progress.
~ Integration of Intelligentsia with Industry
~ Self reliance
~ State patronization of HRD and R&D
~ Mr Bhutto labeled our nascent, yet promising corporates as villains; nationalizing the industry, taking us decades behind in progress.
~ Integration of Intelligentsia with Industry
~ Self reliance
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