Sunday, November 26, 2017

Economic Comparison: North VS South Korea

Since the establishment of DPRK, North Korea in 1948, the regime has obsessed in economic competition with South Korea, until its failure after 2 decades.

Nowadays the ratio of Gross Domestic Product (GDP, a monetary measure of the market value of all final goods and services produced in a period of time within a country) between North and South Korea is around 1 : 20.

At the time when East and West Germany was unified, the economic ratio was merely 1 : 8, which raises the question for a proper solution to shrink the gap before the ultimate unification of Korea.

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