POSCO & The Poor Little Rich State

POSCO & The Poor Little Rich State
[MRD to HRD - Which Option?]

The ongoing tussle regarding POSCO needs to be settled properly by developing a robust MoU through proper stakeholder participation. Otherwise,
Mineral Resource Discrimination will lead to Human Resource Discrimination.

However, with a robust MoU in place,
Mineral Resource Development can lead to Human Resource Development.

There are evidences where the state has not been able to protect the stakeholder interest after the investors have moved in. Mainly because the MoUs (if not well formulated) are open to interpretation and the investors try their level best to push their own hidden agenda.
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[Note: The idea of a "poor little rich state" came from this article (Indian State Digs In Over Iron (11 May 2005): ) published by The Wall Street Journal on 11 May 2005]. Excerpts from the article are also available at "Surprises of Outsourcing by William Krehm"