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Thursday, April 29, 2004

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Listed below are links to weblogs that reference What are the OOP's goals? My guess is that they are turning Japanese.:

» Infidel's Pundit Order Of Merit from Kamelian X-Rays
Following the impeachment scandal-induced posting lull, there recently has been an explosion of insightful Korea blogging posts. I will let my comments on these blogs stand for now, but I have to single out a few pundits. Really, I would [Read More]

» Eyes on Korea: 2004-05-11 from Winds of Change.NET
Winds of Change.NET Regional Briefings run on Tuesdays & Wednesdays, and sometimes Fridays too. Today's Regional Briefing focuses on Korea, courtesy of Robert Koehler in Seoul.... [Read More]

» Eyes on Korea: 2004-05-11 from Winds of Change.NET
Today's Headings Include: The DPRK (North Korea); The ROK (South Korea, incl. elections coverage); US-ROK Issues (incl. Iraq); and random Korea stuff, from photos to sports to religion [Read More]

» Eyes on Korea: 2004-05-11 from Winds of Change.NET
Today's Headings Include: The DPRK (North Korea); The ROK (South Korea, incl. elections coverage); US-ROK Issues (incl. Iraq); and random Korea stuff, from photos to sports to religion [Read More]

Comments

jtb

Excellent logic, easy to follow... and the first ray of sunshine I've seen on this subject since 1997!!

After all, while the Japanese are inherently annoying (always polite, no straight answers, etc.), they are very sincere capitalists, in their own hierarchical way...

And if the ROK politicos emulate their "hated" neighbor to the East, there may be less chance of their emulating the "beloved" neighbor to the North...

Of course, I'm just a gringo... what do I know...

Sugar Shin

jtb,

I can't say if the Japanese are really "sincere capitalists". Their export-orientated international conglomerates (keiretsu)are very competetive, but the small and middle businesses are protected by the Japanese market through bureaucratic obstacles from foreign competition. I think since the Asian financial crisis in 1997/ 1998 the Korean market has openend up more radically than the Japanese with their accumulated wealth from many decades of "milk & honey"-profits before the "lost decade" of recession. They haven't felt the financial pain as much as the Koreans, who where forced to reform or go bust. And yes, the consensual Japanese are very polite and civil, but I don't know how Koreans could or should emulate them. They have a very different mentality. You can't turn an hot-tempered Italian into a stoic German and not vice-versa. I think, we all have to live with and accept the differences between societies.

Btw, you're a "gringo" with a Korean wife (right?), so you know more than any other average gringo without a Korean wife.

Infidel

When I studied IR, comparisons between Japan and the Soviet Union were thicker than any mention of Japan's committment to capitalism. There is a school of thought which downplays Japan's ideological committment to anything but stability. That same perspective ignores anecdotal references to cultural habits for sloggingly cold number-crunching and bureaucratic paper chasing.

I disagree that Japan has not felt the pain after '97. Tokyo just has more resources to play with and cook the books with, but no one can deny that Japanese industry and political parties have not had to learn new tricks. Banks and businesses have gone bankrupt, outsourcing has retrenched and relocated, suicide rates are higher, and are finally being publicized, and Tokyo has had to scale down its international aid programs. Interest rates, Nominally at zero, in Tokyo affect the region intimately, and Tokyo pours in yen to stall the depreciation of its currency. Foreign takeovers have tailed off, too.

I agree, though, that South Korea has opened its markets more than they are given credit for. Tokyo's example, though, provides a yardstick by which to judge South Korean parameters. By that perspective, South Korea still has a ways to go if its not to become like Japan. It still looks more like Japan than a liberal economy. That's why Andy's analysis is so disturbing, because the OOP could reverse all the good done since '97.

I agree with Andy, that Seoul needs a cold blast of competitive ideologies to keep reforms going toward a competitive economy.

I wish Sugar Shin sounded so rational and informative everywhere he commented, instead of the fabian tactics and bluster he deploys on other boards.

Sugar Shin

It depends on my mood, Infidel.

But what do you mean with "fabian tactics", if you accuse me of "bluster". Isn't it contradictionary?
Btw, you don't criticize many other American K-blog commentators, who spread far worse comments or outright insults in the comment sections. Why is it so, that you seem to have selected me out of the crowding herd?
And I want to add, that Roman general/ consul/ dictator Quintus Fabius Maximus Verrucosus was quite successful with his tactics as a "Cunctator" against Carthaginian general Hannibal Barca in the Punic War.

For your point, that Japan has also changed economically, I can support it. I only wanted to express in my post above, that Japan hadn't felt the urgent need or crisis to liberalize its market in a hasty manner like the Koreans, who had to turn to the IMF and World Bank to get bailed-out. A recent restructuring success story is as an example Nissan Motor Co. (taken over by French auto-maker Renault) under the leadership of Carlos Ghosn (Brazil-born, France-educated), who had turned a nearly bankrupt, inefficient basket case through radical, "un-Japanese" business methods into a money machine.

Sugar Shin ad portas. :)

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