Ideology and human development

In industrial societies the expansion of physical capital inputs typically accounts for about half the growth in aggregate. The rapid growth of East Asia’s “miracle economies” went hard in glove with high levels of saving and investment in both physical and human capital.

- [Economics of Development] by Dwight H.Perkins, Steven Radelet, and David L.Lindauer -

 

About 20 years ago, I taught economics for college entrance students at a private academy, and I was surprised at the level of exceeding the actual university textbook, "Economic Principle." The legal subjects of test takers who wanted to become police officials also exceeded the level of the previous judicial exam. I think it has developed even more now. I often check books at bookstores, and it was really like that. Perhaps the development of Korea is due to the rapid development of human resources.

 

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If North Korea is not in good conditions in foreign relations, it would be best to grow the domestic industry and develop the economy like Singapore in the early stages of independence. However, the problem is that the ideological burden that has been accumulated for a long time is large. This is because if economic growth begins, the market economy ideology must be accepted. And this is because the people should be able to understand not only technology and knowledge, but also the institutional outline of the state and society, including the economic structure and legal structure.

 

In my opinion, in order for North Korea to maintain the identity of the state and the people and accept the market economy to some extent, it seems that it should be prioritized to make the people understand North Korea's desperate history and desperate geopolitical position. And of course, it won't be something that can change rapidly. Currently, North Korea will want even more strategic weapons such as nuclear weapons and supersonic missiles to maintain its transitional stay.

 

It seems that the Korean people of the old generation, even politicians, often disagree not only with the pace of economic growth but also with the pace of increasing technology and knowledge. This is especially true when talking about ideology. Although institutional devices such as lifelong education are being prepared, it is true that it is a big concern in Korean society.