Jade
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south korea's economy was built on US aid.
i'm looking at vietnam to become the next center of low tier manufacturing. their technological base is extremely backwards but their labor is a great resource.
we should think:
vietnam is a country with no indigenous technology, a small population and no land.
yet its GDP is half that of india, a country with supposedly "mountains" of "indigenous technology", a huge population and huge land.
makes you think.
Please check your facts: Indian GDP is 1.3 trillion (nominal) while Vietnam GDP is 92 billion (nominal), means Indian GDP is 15 times larger than Vietnam GDP
If your question is related to Indian GDP vs South Korean GDP, then may I ask you a simple question: why is Japan's GDP larger than Chinese GDP?
A country with mountains of indigenous technology doesn’t have to be technological superior than a country which imports technology. The logic is simple when we import we look for the best