Jahan Alamzad with CA Advisors , a management consulting firm in San Jose, California, has been giving some advice to Korea on economic growth. He authored a KT opinion piece in December 2008 talking about the good aspects of Korea’s economic characteristics.
Yesterday, Jahan writes another KT opinion piece on some of Korea’s economic flaws. Per the article:
[In the December 2008 article]… some thought I was excessively complimentary and that I ignored shortcomings that any society would have. One called it “an advertisement for Korea.”
Yet, for the sake of being even-handed, it behooves me to underline the impediments as well. In that piece, I left it as “challenges remain,” but elaborating a tad would make sense and relieve the fear of being biased.
Essentially, Jahan says that Korea’s problems are ones of economic inclusivness, a focus on a lot of activity rather than efficiency, lack of innovation and industrial diversification, etc.
Interesting article for which on the basic points, I agree with.