It is probably a good strategy for the Philippines to try and emulate the Korean economic miracle:
SEOUL, South Korea — The Philippines, dubbed as the new Asian Tiger, wants to be the next South Korea.
While on a state visit to Korea a few days ago, President Benigno S. Aquino III has admitted his admiration for the progress attained by the Asian neighbor after it was ravaged by war several decades ago.
The president, in a forum with Korean businessmen last Friday afternoon, said he hopes the Philippines, whose economy has booming due to his sound economic reforms, can emulate the progress of its Asian neighbor.
“To see and marvel at where you have come now is really an example for all other countries to emulate. And hopefully, we will be able to imbibe and transmit to our people the very positive values that we see in the Korean populace and in your country and your government,” Aquino said.
Aquino said this was his third visit to Korea, adding that every time he travels to this country, “it seems to have transformed itself.” His first visit to Korea was in the late 1980s. [Manilla Bulletin]
You can read more at the link but nations wanting to emulate Korea must also realize the hard work and sacrifice of Korea’s older generation that built today’s economic success.