Latest from LEE JONG-WHA
Over the past 35 years, China's strong and sustained output growth - averaging more than 9.5 per cent annually - has driven the miraculous transformation of a rural, command economy into a global economic superpower.
Over the past 35 years, China's strong and sustained output growth - averaging more than 9.5 per cent annually - has driven the miraculous transformation of a rural, command economy into a global economic superpower.
North Korea's system is failing. Its economy has been stagnating since 1990, with annual per capita income, estimated at US$1,800, amounting to slightly more than 5 per cent of South Korea's. Meanwhile, a food shortage has left millions starving. In order to survive, the world's most closed economy will have to open up.
North Korea's system is failing. Its economy has been stagnating since 1990, with annual per capita income, estimated at US$1,800, amounting to slightly more than 5 per cent of South Korea's. Meanwhile, a food shortage has left millions starving. In order to survive, the world's most closed economy will have to open up.