Singapore and North Korea /Fourth industry

http://www.economywatch.co.kr/news/articleView.html?idxno=8319

 

Shortly before the Windows System came out, a relative who was majoring in computer science was learning IT hard using DOS language. I wanted to have a computer while playing Tetris game with my relative’s computer. But I consoled myself that I would be able to enjoy a much better computer life if I waited a little longer. Soon after, the Windows system came out and the Windows system evolved rapidly. At the university, professors who had been talking only about COBOL or FORTRAN for a very long time were attracted to new IT technology.

Developed countries develop new technologies and transfer existing technologies to later countries to prompt the development of the entire human race. There, it was natural that the pace of economic development would be faster than that of advanced countries if undeveloped or developing countries made a little effort. This is why some predict that North Korea, which has many smartphone users compared to its economic level, will be able to succeed if it is immersed in the fourth industry.

  

If there is an agricultural base or a secondary industry base, it may be detrimental to national development. The reason why the development of many underdeveloped countries has stagnated is because agriculture and mining play a minimal role. It is because they do not devote their capabilities to developing human resources, including the knowledge industry. Korea and Singapore have overcome these bad conditions well. The same is true of Japan, but it is different that modernization began early in Japan.

 

Singapore had a prominent leader, Lee Kuan Yew. Prime Minister Lee Kuan Yew seems to have learned strategies to govern Singapore by doing various things to survive under Japanese rule in the past or studying in Britain. Prime Minister Lee Kuan Yew’s ability to get the necessary ideas from many experiences seems outstanding. Intuition seems to come from experience.  

  

At that time, I thought that wealth of a country was simply determined by the size of its territory and natural conditions, such as oil and gas, and the rich soil suitable for agriculture and forestry. But a few years after I came to power, I realized that although Singaporeans lived in Singapore the same way, they had different incomes for different ethnic groups and differences existed within the same ethnic group. I have introduced various policies to eliminate this inequality, but the result has been the same.

In the end, I had to conclude that the innate ability, level of education and training of human individual were the most powerful factors in determining the size of wealth.

 

- [FROM THIRD WORLD TO FIRST] BY LEE KUAN YEW -

(Double translation)