Wednesday, June 23, 2010

South Korea’s great escape - The Globe and Mail

South Korea’s great escape - The Globe and Mail: "The biggest differences between South Korea and Japan can be found at the top of these two traditionally hierarchical societies. When Mr. Lee was elected in February, 2008, the Japanese government was led by Prime Minister Yasuo Fukuda. Two years on, Mr. Lee is still in office and getting warm applause from the business community for the timely introduction of the stimulus package that was by some measures the largest in the OECD, accounting for 6 per cent of gross domestic product last year. Over the same stretch, Japan has gone through three prime ministers since Mr. Fukuda, with the latest, Naoto Kan, warning his country may soon face a debt crisis akin to the one that has hammered Greece."