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/

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/