How North Korea Fell Behind South Korea, Part 2

As I previously mentioned it is not too hard to figure out why the north's economy failed.

V/R

Dave

How North Korea Fell Behind South Korea, Part 2

Posted on November 25, 2012 

http://mypolitikal.com/2012/11/25/how-north-korea-fell-behind-south-korea-part-2/

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

As the previous post found, for several decades North Korea kept up with South Korea. Then, during the mid-1970s, the country started falling behind. Ever since then the gap between the two countries has widened.

This post will explore several factors behind what caused North Korea to fall behind. There seem to be three main causes: the failed ideology of juche (self-reliance), the end of Soviet aid, and Kim Jong-Il’s incompetent rule.

Juche

If one looks at Gapminder’s graphic, North Korea and South Korea are neck-and-neck until the mid-1970s:

(Continued at this link below)

http://mypolitikal.com/2012/11/25/how-north-korea-fell-behind-south-korea-part-2/