Follow the development path of Japan, South Korea etc?
Because that was what the discussion was about in this thread, or not?
I mean, why is not the IMF advising that?
Because that was what the discussion was about in this thread, or not?
I mean, why is not the IMF advising that?
As recently as 1997 https://www.imf.org/en/News/Articles/2015/09/28/04/53/sp0121...
As you can see, it worked fairly well, though it involved some painful changes certainly disdained by many people at the time. (The dismantling of Daewoo, for instance).
And in many cases, those attempts failed by the 70's