{"id":15731,"date":"2012-10-19T18:09:34","date_gmt":"2012-10-19T16:09:34","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/africa-money-africa-studies-made-in-korea-model-to-push-growth\/"},"modified":"2012-10-19T18:09:34","modified_gmt":"2012-10-19T16:09:34","slug":"africa-money-africa-studies-made-in-korea-model-to-push-growth","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/africa-money-africa-studies-made-in-korea-model-to-push-growth\/","title":{"rendered":"AFRICA MONEY-Africa studies &#8216;made in Korea&#8217; model to push growth"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* South Korea once poorer than many African countries<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Its development could serve as model for continent<\/p>\n<p><span><\/span><\/p>\n<p>* Battling Asian rivals for African resources<\/p>\n<p><span><\/span><\/p>\n<p>By Tosin Sulaiman and Jon Herskovitz<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Oct 19 (Reuters) &#8211; African leaders have been<br \/>\nmaking pilgrimages to Beijing for years seeking Chinese wisdom<br \/>\non expanding their emerging economies &#8212; but they may do better<br \/>\nby dropping in on Seoul.<\/p>\n<p><span><\/span><\/p>\n<p>With a similar population size to a number of African states<br \/>\nand tales of damaging wars and colonial exploitation, South<br \/>\nKorea&#8217;s growth as a democratic economic power is arguably better<br \/>\nsuited to the continent than that of China, a single country<br \/>\nwith more people than in all of Africa.<\/p>\n<p><span><\/span><\/p>\n<p>In its biggest meeting yet with African leaders this week,<br \/>\nSouth Korea pledged $590 million in aid and loans, but also<br \/>\noffered what it said no other advanced economy could provide:<br \/>\nits experience of development.<\/p>\n<p><span><\/span><\/p>\n<p>The contrasting fortunes of South Korea and many African<br \/>\ncountries since the 1950s illustrate why leaders on the<br \/>\nresource-rich continent are looking to emulate Asia&#8217;s fourth<br \/>\nlargest economy whose heavy investment in education and<br \/>\ninfrastructure development helped kickstart growth.<\/p>\n<p><span><\/span><\/p>\n<p>But some parts of the South Korean model may be difficult to<br \/>\ncopy. Africa is reliant on exports of primary commodities,<br \/>\nwhereas South Korea built its economy on exporting manufactured<br \/>\ngoods. In Africa, manufacturing accounts for the same proportion<br \/>\nof GDP as in the 1970s.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* South Korea once poorer than many African countries * Its development could serve as model for continent * Battling Asian rivals for African resources By Tosin Sulaiman and Jon Herskovitz JOHANNESBURG, Oct 19 (Reuters) &#8211; African leaders have been making pilgrimages to Beijing for years seeking Chinese wisdom on expanding their emerging economies &#8212; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15731","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15731"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15731\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}