Pinned post
Poland 🇵🇱 and South Korea 🇰🇷: two global growth champions with two different growth models and social outcomes.
Over three decades both grew fast (4.2% vs 3.7% a year per capita) and reached the same productivity (~$52/hour), but with very different R&D spending: 1.4% vs 5.1% of GDP.
On social outcomes, Poland ranks #24 in world happiness vs Korea's #67, with half the suicide rate and a third of the old-age poverty (13% vs 40%) 👇
The shared challenge: among the lowest fertility rates in the world, 1.07 and 0.80.
@Noahpinion @KoreaEconInst
Over three decades both grew fast (4.2% vs 3.7% a year per capita) and reached the same productivity (~$52/hour), but with very different R&D spending: 1.4% vs 5.1% of GDP.
On social outcomes, Poland ranks #24 in world happiness vs Korea's #67, with half the suicide rate and a third of the old-age poverty (13% vs 40%) 👇
The shared challenge: among the lowest fertility rates in the world, 1.07 and 0.80.
@Noahpinion @KoreaEconInst
