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They are very poor, and have gotten poorer since the last round of sanctions went through. However when you chose to build rockets rather than feed people, you
by synicalx 9y ago
They are very poor, and have gotten poorer since the last round of sanctions went through. However when you chose to build rockets rather than feed people, you can make your dollar stretch a bit further.
- malloryerik 9y agoActually North Korea has been growing economically, and rather substantially. The latest sanctions may change some of that. EDIT: Much of that growth is (or was) due to limited market liberalization, the "jangmadang" or local marketplaces, tolerated since the famines of the 1990's, then more or less officially acknowledged. Trade with China is involved here. https://www.reuters.com/article/uk-northkorea-economy-gdp/north-korea-2016-economic-growth-at-17-year-high-despite-sanctions-south-korea-idUKKBN1A6083 https://www.reuters.com/article/uk-northkorea-economy-gdp/no...
- synicalx 9y agoInteresting, I knew their economy had picked up a bit what I wasn't aware of the extent, thanks for the link.