For Asia, the path to prosperity starts with land reform
Countries that did it properly have grown fastest
NEARLY as striking as Asia’s dynamism is how unevenly prosperity is spread—in contrast to Africa, Latin America or Europe. First-world Japan (with a GDP per person of $38,900) is in effect part of the same island chain as the Philippines ($2,950). Rich Singapore ($53,000) is little more than an hour’s flight from Myanmar ($1,275). On the Korean peninsula, the division is even starker. Two economies that started out in identical circumstances have diverged so wildly that South Koreans are between 3cm and 8cm taller than their North Korean counterparts on average, depending on their age, thanks to better nutrition.
This article appeared in the Asia section of the print edition under the headline “Land to the tiller”
Asia October 14th 2017
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- For Asia, the path to prosperity starts with land reform
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