South Korea had made remarkable progress as a regional economy since the war-ravaged decades in the middle of the 20th century. By 2006, its GDP was among the top 15 in the world; brands such as LG and Samsung had established global profiles, and manufacturing had become a national juggernaut. When the financial crisis of 2008 hit, the Koreans felt the shock but stabilised quickly through a combination of stimulus and smart monetary policy.
Reprinted with permission of Roundtree Press.
Exclusive excerpt from Smart Cities, Digital Nations: How Digital Urban Infrastructure Can Deliver A Better Life In Tomorrow’s Crowded World, by Caspar Herzberg, president – MEA, Schneider Electric, Dubai.
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