Contents
Introduction 5
Ⅰ. The Korea Paradox 21
Paradox of Impossible Tasks 21
A New Narrative 27
Paradox, Mother of All Miracles 30
Dignified Poverty and the Ultimate Paradox 36
The New Religion of Materialism 40
Constant Threat, Blessing in Disguise 45
The Groundworks
Ⅱ. Obsession with Education 53
Mandatory Education, First Step to Prosperity 53
Unusual Hunger for Education 58
Origin of Higher Education in Korea 61
All Brains are Created Equal 64
Private Sector Education Market 66
Ⅲ. For Whom the Economy Grows 72
Development Makes People Expensive 72
Asset Values and Value of the People 76
Evaporated Landed Class 87
Evaporated National Capital 90
Ⅳ. Indefensible Country 95
Importance of Korea, Two Opposing Views 95
US Korea Military Alliance and Korean Insecurity 99
Defense of South Korea as a Factor of Economic Growth 104
Ⅴ. The Story of Taking Off 110
From Chaos to Take-Off 110
Reluctant Entrepreneurs 116
Import Substitution is Market Augm