The Pathetic Economy Of North Korea


North Korea, the most closed-off country on earth. This Asian nation is often the center of intense scrutiny for its aggressive displays of militarism, its internationally condemned nuclear program, and of course its oppressive government dictatorship. A 2014 report by the united nations concluded that the gravity, scale, and nature of these human rights violations does not have any parallel In the contemporary world. What they are ashamed of though, is something that all these media spectacles help to distract from and that is their incredibly small and pathetic economy.

Beyond the dramatic chest-beating and despite all of the opportunities this country has been given it has dwindled into complete economic obscurity and in this video we are going to explore why.
#NorthKorea #KimJungUn #Economics

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References –

Haggard, S. and Noland, M., 2010. Sanctioning North Korea: The political economy of denuclearization and proliferation. Asian Survey

Gray, K. and Lee, J.W., 2017. Following in China’s footsteps? The political economy of North Korean reform. The Pacific Review

Noland, M., 1997. Why North Korea will muddle through. Foreign Affairs

Kim, J.C., 2006. The political economy of Chinese investment in North Korea: a preliminary assessment. Asian Survey

Ampson, S.L., 1987. The second economy of the Soviet Union and Eastern Europe. The Annals of the American Academy of Political and Social Science

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