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Location: The western periphery of Terra Australis
24,544 posts, read 56,047,835 times
Reputation: 11862
Cities: China or Japan
Scenery: China
Economy: China
Culture: China or Japan
Lifestyle: Taiwan
Infrastructure: South Korea or Japan
Other: Food - Japan
Mainland China is way too polluted and despite being Communist in name, their country has income disparity at the level of the US now, where as in Japan and South Korea there is much less of a gap between the rich and poor. PRC just has a super corrupt totalitarian government, which allows them to get more wealthy and corrupt, while developing like crazy, since they call all the shots.
20 years ago, Japan, without a doubt, but with all the natural disasters they face, climate change, the ongoing Fukushima nuclear mess, and an inability to get their economy out of a 20 year decline, I think South Korea is emerging as the next Japan (in terms of shared prosperity and quality of life). China could blow them both away if they got their act together, or Japan could come back. Either of those scenarios don't look likely anytime soon.
The fact is Japan has trillions in tangible assets, trillions in an economy, Trillions of the equivalent in dollars, it has the laboratories, factories, talent and etc that are far exceeding South Korea.
And le's not forget that Japan is the largest funder for IMF and World Bank. The Japanese government recently signed with IMF to provide $60 billion in emergency loans to the multilateral lender amid the global economic downturn following the sovereign debt crisis in Europe.
Ultimately, all of Asia's economies will stagnate like Japan, but have worthless currencies. Atleast the Japanese Yen can still buy things outside of Japan.
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