Tuesday, May 24, 2022

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    How does North Korea maintain its economy?

    North Korea is the only country in the world with a 100% monarchy. With a communist and a totalitarian government, North Korea has almost no foreign relations with other countries.

    It’s geographically undernourished with barren lands, fewer natural reserves, and very few industries.
    But we know North Korea as a country that has threatened global power. How does Kim Jong-un, the supreme leader of North Korea, managed to run the country so powerfully?

    North Korea, apparently, has a big amount of nuclear power reserves. Whenever the resources of the country deplete, Kim Jong-un threatens the world by publicly exhibiting the nuclear power vested in the nation. Eventually, the developed countries, like the United States ease the trade sanctions and provide food supplies to North Korea to stop things from escalating.

    The only country that trades with North Korea is China. China helps North Korea to avoid dealing with the liability of North Korean refugees who will migrate to China in case their country falls apart.

    Having said that, the economy of North Korea is depleting since the partition. Maybe soon we can expect another nuclear threat coming from the country.

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