North Korea Essay Example | Topics and Well Written Essays - 250 words

northward Korea - Essay ExampleAccording to estimates by The United States Bureau of East Asian and Pacific personal matters the GDP (Gross Domestic Product) of North Korea is 24.8 Billion U.S. Dollars which works out to a Per capita GDP of approximately $1,800. all the same it I expressly stated that these are merely estimates based on incomplete selective information. With this incomplete data in hand one can draw a few conclusions. Firstly the economy has trades originally in raw materials such as mining products, agriculture and fisheries. Secondly the company spends a marvellous amount of money on military expenditures which not only is a direct draw on state financial resources (Which could also be directed towards economic development) but it also removes a satisfying number of people who could spend their time performing more economically valuable activities. According to Hardin (2009) everywhere the last decade there was a small influx of private enterprise within the kingdom which ultimately ended up employing about half of the working population. However, the article went on to argue that the establishment implemented policies that greatly restricted the freedoms of these markets because of a perceived lack of control over these forces. It was argued by Sang-Hun (2009) that this specific action represents a kind of shock therapy to crack down on black market concern that undermines the control of the government.