"North Korean dictator Kim Jong Il's death opens a period of intense danger and risk, but also potentially enormous opportunity for America and its allies. Kim's health had obviously been poor for some time, and his regime has worked to ensure an orderly transition to his son, Kim Jong Eun. The Kim family and its supporters, with everything obviously at stake, will work strenuously to convey...
Institutions Matter: Real Per Capita GDP in North and South Korea
"The chart above shows another comparison of the economies of North and South Korea, based on data from Angus Maddison. Between 1950 and the early 1970s, real GDP per capita in South Korea was exactly the same as in North Korea. As South Korea implemented market reforms, its economy and output per person started consistently rising while economic conditions to the north stagnated. After forty years of market-based growth, real GDP per capita is now about 17.5 time[s] higher in South Korea compared to its northern neighbor."
More About This Topic...
- More on Dismal Legacy of Communism in N. Korea
- America and North Korea
- Economic Scales and Per Capita GNI in South and North Korea
- Gross Domestic Product per Capita in the DPRK and Cuba, 1990–2009
- Per Capita GDP North Korea vs South Korea 1970-2003
- Prospering North Shrouded in Myth
- External Trade of South and North Korea
- When history was made
- Sanctioning North Korea: The Political Economy of Denuclearization and Proliferation
- Comparing the Koreas