Human Capital and DevelopmentDOI: 10.4337/9781786436979.00004 View full text
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Abstract: Foreword "If your plan is for one year, plant rice. If your plan is for ten years, plant trees. If your plan is for one hundred years, educate children." This oftcited Korean proverb is more than a slogan. Indeed, the history of Korea's development makes clear that a meaningful and sustained commitment to investing in education can unleash the human potential that makes economic miracles possible. What is more, an education provides hope and gives individuals-and in the case of Korea an entire country-the conf…

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