A lot of their tourism is from China, though of course they get western tour groups too. I feel like I personally haven’t seen it remarked on much, but I guess it’s a trait of absurdly sanctioned countries that they might over-rely on tourism, since Cuba also does that, because it’s difficult to sanction that away.
My hope is that with the undermining of those sanctions, the DPRK finds more useful ways to support their economy, though it could be more difficult than it would be for other nations given that the most central dogma of the state is autarky (Juche), which in this scenario would mean constraining the degree to which they can invest in what’s profitable for them because they have committed much of their workforce to making sure that they are prepared if their borders slam completely shut or their partners are toppled.
My hope is that with the undermining of those sanctions, the DPRK finds more useful ways to support their economy…
I definitely agree with that. A service/hospitality economy is subject to too many external variables, and I’d like to see academic investments, and farming.
though it could be more difficult than it would be for other nations given that the most central dogma of the state is autarky (Juche), which in this scenario would mean constraining the degree to which they can invest in what’s profitable for them because they have committed much of their workforce to making sure that they are prepared if their borders slam completely shut or their partners are toppled.
Which seems wise, all things considered.
I don’t really know much about econ though.
I don’t either, but apparently it’s time for Western economists to rethink themselves. I never read Pickett’s book, but I imagine he’s getting some vindication, although maybe not satisfaction.
I’ve really enjoyed this exchange and regret my battery is dead, so I can’t give more thoughtful replies. Thanks for engaging.
No problem. btw I am pretty sure they already invest a lot in farming because of autarky, the proportion of farmland they have is huge. The one thing I would say is that they aren’t usually cash crops for the same reason, but perhaps there’s a pivot available based on their existing investments in farming.
Hi, yes, I’ve read quite s few articles about construction projects. I’m also pretty sure farming is a big investment, I just don’t want it to go anywhere.
A lot of their tourism is from China, though of course they get western tour groups too. I feel like I personally haven’t seen it remarked on much, but I guess it’s a trait of absurdly sanctioned countries that they might over-rely on tourism, since Cuba also does that, because it’s difficult to sanction that away.
My hope is that with the undermining of those sanctions, the DPRK finds more useful ways to support their economy, though it could be more difficult than it would be for other nations given that the most central dogma of the state is autarky (Juche), which in this scenario would mean constraining the degree to which they can invest in what’s profitable for them because they have committed much of their workforce to making sure that they are prepared if their borders slam completely shut or their partners are toppled.
I don’t really know much about econ though.
I definitely agree with that. A service/hospitality economy is subject to too many external variables, and I’d like to see academic investments, and farming.
Which seems wise, all things considered.
I don’t either, but apparently it’s time for Western economists to rethink themselves. I never read Pickett’s book, but I imagine he’s getting some vindication, although maybe not satisfaction.
I’ve really enjoyed this exchange and regret my battery is dead, so I can’t give more thoughtful replies. Thanks for engaging.
No problem. btw I am pretty sure they already invest a lot in farming because of autarky, the proportion of farmland they have is huge. The one thing I would say is that they aren’t usually cash crops for the same reason, but perhaps there’s a pivot available based on their existing investments in farming.
Hi, yes, I’ve read quite s few articles about construction projects. I’m also pretty sure farming is a big investment, I just don’t want it to go anywhere.