Whether it's individuals or organizations, most will simply repeat the paths that led to their past successes.
It is too difficult to achieve reform entirely through internal efforts; throughout human history, there are very few successful examples.
From top to bottom, Korea also knows that over-reliance on exports is not conducive to the healthy and stable development of its economy.
Their land area and population size left them with no choice.
We can only repeat past successes.
They want to make changes but don't know where to start.
At this point, external stimulation is needed.
After Japan signed the Hiroshima Agreement, its economic bubble burst, and it subsequently shifted from a strategy of stimulating economic development through infrastructure investment to a strategy of investing globally.
Japan has ranked first in the world in terms of net external assets for forty consecutive years.
It's like everyone in China knows that the real estate industry is like taking stimulants; it can make you feel excited for a while, but it can't fundamentally improve your physical condition.
It wasn't until the advent of virtual reality that China's real estate bubble began to burst, and they realized they couldn't continue down this path.
With the advent of the virtual world, no matter how much the necessity of real estate is touted, Chinese residents with purchasing power will no longer believe it.
The same external force that caused the change.
It's too much to ask of people to rely on self-discovery and change their development path.
Goryeo doesn't have that capability.
Countries or regions like Korea, Japan, Taiwan, and Singapore, which have reached a certain stage of economic development, all share a common characteristic: they are extremely reliant on overseas markets.
Looking at these four countries or regions that are somewhat similar in economic development, it can be found that Korea has the least amount of foreign investment.
They are heavily reliant on foreign trade, and since most of their export industries are high value-added industries, most of these industries remain in their home country.
Taking data from 2010 to 2020 as an example, Japan's total net external assets approached three trillion yen.
Net foreign assets refer to the figure obtained by subtracting liabilities from overseas assets.
Even excluding the $1.2 trillion in US Treasury bonds held by Japan, Japan's net external assets still exceed $1.5 trillion.
After China significantly reduced its holdings of US Treasury bonds, Japan became the country with the largest holdings of US Treasury bonds in the world.
Korea's figure is less than 650 billion, and even less after deducting its holdings of US Treasury bonds.
Singapore's overseas net assets are around 250 billion US dollars. After deducting its US debt of 100 billion US dollars, Singapore's overseas net assets are 150 billion US dollars.
The ratio of overseas net assets to GDP is slightly higher than that of Korea.
Taiwan is an exception, with extremely high overseas net assets exceeding one trillion US dollars, while its holdings of US Treasury bonds are only around two hundred billion US dollars.
It's worth noting that Korea's GDP is about 2.7 times that of Taiwan.
The actual data shows that among these four similar economies, Korea is the least inclined to invest abroad and build factories overseas.
This asset allocation results in a high concentration of risk.
It was due to the initial path that led to Goryeo's initial capital accumulation, which came from massive borrowing, borrowing from international capital in the name of the government.
Their rapid development path stemmed from this, leading to an over-reliance on overseas capital.
Japan's initial capital accumulation came from World War II, while Taiwan's initial capital accumulation came from wealth brought from China.
For Goryeo, this was an unavoidable fate.
Unlike Europe, Korea did not receive aid from the American Marshall Plan.
Between 1945 and 1953, America contributed 44.3 billion US dollars to the Marshall Plan worldwide.
This was over 40 billion US dollars in the 1940s.
The Marshall Plan consisted of grants and loans, with direct grants to the entire European region exceeding 10 billion US dollars.
Given this historical background, even if America proposes America First, it would only be a depletion of their accumulated geopolitical legacy.
However, it is impossible to completely align the Europa League with China.
England's decision to rejoin the Europa League after Brexit, and even its willingness to abandon the pound, has surprised many geopolitical observers.
Because under the Marshall Plan, England received the largest amount of economic grants and loans from America, accounting for approximately 25% of the total.
Faced with unprecedented changes, Korea's economy is the most vulnerable.
"Mr. Zheng, thank you very much for giving me the opportunity to communicate with you in person."
The leader of Goryeo was the first person Zheng Li dared to meet after he arrived on Earth.
Therefore, after the other party made the request, Zheng Li agreed to meet with them.
He was curious about what kind of demands the other party would make and what conditions they would be willing to offer.
Korea has had a tough time these past few years. Virtual reality technology was just the fuse that detonated the bomb; the actual crisis began a decade ago.
America's chip program is a harbinger of their economic decline.
Subsequently, the Demon Brain System led to China's leapfrog development in certain fields, and directly squeezed out Korea's living space.
China is a country that aims for a complete industrial chain, and it is known as the meat grinder of developed countries. This is not just a nickname.
Even after Huawei was banned and its global mobile phone market share plummeted, most of the market share it ceded was taken over by other Chinese mobile phone brands.
Not Samsung.
Whether it's Yangtze Memory Technologies or DeepBlue Storage, which is based on DNA storage technology, their direct competitors are the storage industry in Korea.
Before DeepBlue Memory emerged, the global memory chip industry's annual revenue was 131.9 billion US dollars, of which about 80% of the market share was taken by Korea.
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