Africa and the imperative of South Korea's development model

To say the economy of the Republic of South Korea is a developed and strong economy is to say the obvious. South Korea’s economy had been vastly developed, and its economic structure radically transformed since after World War II in 1945 and the Korean War in 1953. The Korean War was a war of attrition between two brother-nations – North and South Koreas – accentuated by the Cold War era, and would appear not to have fully abated up till now.

I have provided this important background in order to underscore the huge success story that is South Korea today. The country’s economy is ranked the 3rd largest in Asia and the 11th biggest in the world by GDP. Goldman Sachs in “Beyond The Brics: A look at The ‘Next 11’ ” listed South Korea in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century.

Perhaps a more remarkable part of the visit was the tour of the Demilitarised Zone , Imjingak Pyeonghwa Nuri Park and Third Tunnel. Established under the provisions of the Korean Armistice Agreement in 1953, the DMZ is the region on the Korean Peninsula that demarcates North Korea from South Korea. It is meant to serve as a buffer zone between the two countries.

Of interest is also the patriotism of the South Korean people. Stories abounded of how many South Korean women sacrificed their trinkets and jewelries during the difficult period in order to power the economy. Over two million people reportedly contributed. This is something that should be emulated in our clime because patriotism fuels growth and development.

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