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To: goldsnow who wrote (52098)	4/29/2000 11:20:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116753

It took the US more than a century to double its income per head. It took Japan 30 years. Its first imitator, South Korea, achieved this in 11 years. China later did it in nine. So what happened? Or is it merely a matter of doubling $300/year per capital income than doubling $1,000/year per capital income?? Or was it merely hyperinflation in these economies? Hmmm.... But there is no doubt that once the Japanese had their borders forced open by the US Navy, they made rapid progress in becoming an industrial and military power. One of the benefits of having a centralized political economy. The Koreans are another story. They advanced because the US invested huge quantities of money to industrialize them and provide a strong economic base upon which they could resist aggression from the north. Finally, which 30 years of US history are they referring to? Regards, Ron