Robert Smith
speaker
2,515 appearances
7 recordings
1 series
first heard Jul 2026
last heard 26 Aug
Robert Smith’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 7 in all, peaking in Aug 2026 with 4.
Appearances
How do poor countries get richer?
And how do the lessons from South Korea work for the rest of the world?
I just gave the world's most basic recap of the tremendous success of South Korea, including a gratuitous mention of BTS.
How do economists like yourself look at this development?
It was incredible, but I wonder, did these tigers have some sort of existing economic advantage before they took off dramatically?
So what happened?
Was it good decisions by the governments?
Was it aid from the United States?
Was it just being in the right place at the right time?
So by giving everyone land, some economists have argued that this increased the amount of food that could be grown, that it created more markets, more money for everyone, and then more demand for factory goods.
Essentially that land reform is the first step on the ladder to an industrial economy.
Eventually, South Korea and these other East Asian countries started to grow their manufacturing.
Those farmers that we talked about, they moved to the city, they work in more lucrative jobs.
And the most famous thing about these countries was how much the governments there supported their manufacturers.
They would give the factories cheap loans, they would put on tariffs to protect them.
But as we pointed out in previous summer school lessons, this kind of industrial policy can lead.
to companies that need the government dole just to survive.
They need the government money.
So how did South Korea make sure that their companies were actually competitive?
And the South Korean government would
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