Monday, December 04, 2017

Two different trajectories - India, Korea

Gross Domestic Savings and Gross Capital Formation as a fraction of GDP.
India, Korea 1960-2017.
World Bank Data.
India's growth has been largely financed by domestic savings.
Korea early on had a lot more foreign investment.

Korea

India

Comment (1)

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India has long discouraged foreign investment, which may be one reason its economy has lagged.

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