Germany and South Korea were able to lower unemployment through success in export industries.
From Stef Wertheimer
With the areas which have no oil, the idea is to create industry and jobs.
The oil areas have a big problem digesting the oil. There's too much money, and the people don't know what to do with it. I'm finding all the time that we have more industries and more success stories which are not involved with oil.
The Berlin Wall fell because the East Germans saw the West had more. The Koreans don't like the Japanese and try to prove to them that they are worth more in the industrial arena.
The only thing I knew how to do without a lot of money was repairing tools. I actually started making and repairing tools for machines.
People are dangerous when they have nothing to lose.
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