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Japan ranks 4th, yen weakens, loss of momentum Germany ranks 3rd, Park Chung-hee model ‘ends’ Japan, which enjoyed economic growth during the Cold War, fell from second place after the United States to fourth place, losing out to Germany due to the long-term weakness of the yen, and was imminent to overtake India's total productivity, concretizing the loss of the support system before and after ..

Low unemployment is “the most dangerous” for high inflation, and it is expected that a hard landing will be applied to Korea’s high-inflation and low-employment system following the US. Larry Summers, who served as Treasury secretary in the Democratic administration, argued that “inflation control requires an unemployment rate of at least 5%,” followed by a statement by the Congressional Researc..

The ‘compressed growth distribution’ of the Cold War-dependent Park Chung-hee regime was restored as the consumption of the high-income class increased and asset prices rose sharply due to the high export dependence of the bureaucracy. Acting Prime Minister Hong Nam-ki announced on the 11th that “We will focus on reinforcing import and output, which is driving a fast and strong rebound,” posting..