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Chollima Movement

 
Wikipedia: Chollima Movement

The Chollima Movement was a state-sponsored movement in North Korea, analogous to the Chinese Great Leap Forward, intended to promote rapid economic development. As in other countries, the state planning mechanism allowed for the total utilisation of resources, hence resulting in rapid industrialisation. However, after some time, the movement failed to continue to achieve the same outstanding results, because the capacity of the Labour supply was fully taken up, whilst technology and technique were still lacking.

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Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Chollima Movement" Read more