How North Korea Can Strike It Rich | WHAT REALLY HAPPENED


How North Korea Can Strike It Rich

One of Donald Trump’s strategies for enticing North Korean leader Kim Jong Un into sweeping talks about scrapping his country’s nuclear arsenal has been to dangle an apparently unlikely promise of future prosperity. Kim’s poverty-stricken country, Trump said at a White House meeting last month, could end up “very rich.” Is this just more Trumpian hyperbole, or is the president on to something?

The Korean Peninsula offers about as close to a natural experiment for answering that question as you can get. One half of the peninsula took an authoritarian state-capitalist path and is now an advanced industrial democracy. The other opted for state socialism and is now poor and isolated. The conclusion: There’s nothing to stop North Korea — sharing similar geography and human capital — from following in the footsteps of South Korea and other countries in the region.

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