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Showing posts with the label “South Korea”

The ‘Land of Morning Calm’ is Working Itself to Death

“When someone questions the virtues of Western liberal democracy, back comes the riposte: ‘Why don’t you try North Korea then?’” “On average, [South] Koreans work 1,910 hours a year, one of the highest rates in the OECD (Organisation for Economic Cooperation and Development), where the average is 1,716 (1,490 in France, 1,349 in Germany). 60% of Korean employees do not take their full holiday allowance as it is, often because they fear for their jobs “ Being a union leader means at some point going to prison,’ said Yang Kyeung-soo, president of the Korean Confederation of Trade Unions (KCTU), who received a one-year sentence for organising a strike during the pandemic. His union was set up in 1995, and all 12 of his predecessors have also been jailed. In Korea, the official retirement age is 60, but the state pension is only paid from 65 Over-65s make up half the country’s poor. At Seoul airport, US citizens have their own designated immigration channel. The country ‘hosts’  the US...

What About Singapore?

Someone has just mentioned Singapore comparing its economic development with some Arab countries. So, I felt I should add a note to an old post . Referring to a capitalist country with a small population  – 2 million in 1970 and 2.4 million in 1980 when  Singapore’s economic development was apace – is not a good way of comparing countries. “ Only 7  years after its independence (1972), Singapore had become a  foreign investment magnet .  More than one-fourth of Singapore's manufacturing firms partnered with or were owned by a foreign entity.  The majority  of the investors came from the United States and Japan.  The country also achieved a  double-digit economic growth rate every year.” For internal and external reasons countries like Tunisia (the one my interlocutor compared to Singapore), Morocco, Syria and Egypt did not enjoy such foreign funding.  In 2022, Singapore was ranked 139th out of 180 nations by  Reporters Without Bord...

Britain

“ The recent surge cannot be blamed on a mutant virus alone; in fact, government mismanagement of the pandemic meant that many more people became infected, creating the conditions for mutations to occur.” A string of failures helped Covid-19 to mutate