How North Korea Fell Behind South Korea, Part 1

An interesting graphic look at the differences in economic development in north and South Korea.  It will be interesting to read Part II for the explanation as to why there was such a decline in north Korea, though I think we can probably discern that with some common sense analysis.  

V/R

Dave

How North Korea Fell Behind South Korea, Part 1
By: inoljt Friday November 30, 2012 5:37 pm

http://mypolitikal.com/2012/11/17/how-north-korea-fell-behind-south-korea/

This is the first part of two posts examining how North Korea fell behind South Korea. The second part can be found here.

The story of the two Koreas is a common American tale amongst the educated classes. As the fairy tale goes, once upon a time there was one Korea. By chance, one day this Korea was divided amongst the communists and the capitalists. The communist Korea fell into chaos and poverty. The capitalist Korea became rich and a democracy. Beware communism!

The general thrust of this tale is true. But there are some interesting complexities behind how North Korea and South Korea became the way that they are. After the Korean War, it wasn’t as if South Korea immediately began pulling ahead. For a long time it wasn’t obvious which Korea was doing better.

This is what happened:

The 1940s
(Continued at the link below)
http://mypolitikal.com/2012/11/17/how-north-korea-fell-behind-south-korea/