Whil the country's scientists and en-gineers churn out astonishing discoveries and devices, its economic policies look out of date. South Korean researchers have found new ways to clone human stem cells; the cars in Hyundai Motor's new Alabama plant are flipped this way and that while being painted. Economic officials, meanwhile, are still cloning mercantilist foreign-exchange policies from the 19705, while the central bank does somersaults in an effort to explain its currency and interest-rate policies.
展开▼
