korea does not possess enough natural endowment like crude oil, gas, iron ore or coal.
its geographical location is also rather isolated in the far east and the land area is not sufficient to feed the population.
then, what has made this rapid transformation possible
was there a miracle
if such phenomenal economic growth could be replicated in other developing countries, then this would provide a great opportunity to the developing would and even to the whole world, as the poverty could be eliminated within one generation.
if all the countries in the world enjoy a 20000 usd per capita income, there would be little doubt that poverty would be eradicated thus resulting in rarer conflicts around the world.