North Korea practices a trade policy of autarky, which is defined as being completely self-sufficient, as a country, in the production of goods and services. North Korea is a perfect example of why attempting autarky in a modern economy is completely nonsensical. No country can provide all of the types of raw materials and foodstuffs necessary to sustain the levels of population and industrial production prevalent in any modern society. As a result of autarky, the country remains in grinding poverty.
As a result of autarky, North Korea's economy is incredibly stable, meaning that it does not have large rises or falls. Rises and falls in an economy usually come from investment, speculation, international trade spikes, fads, and entrepreneurship. Since North Korea has none of these things, its economy does not fluctuate. However, this stability is undesirable since it is consistent poverty with no chance for improvement.
It has changed from a farming to an industrial economy.
yes the united states was on south koreas side and the soviet union was on north koreas side
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For South Korea : KR
500,000 people serve in north korea's military
North Korea's economy is a joke. It has the type of government that wont last long .
Dictatorship
Korean
China
It has changed from a farming to an industrial economy.
In a word: Hunger
58,000
yes the united states was on south koreas side and the soviet union was on north koreas side
"Aegukka" or "Patriotic song."
For South Korea : KR
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There is 2 North Korea and South Korea