Emerging Asia Economics

Emerging Asia Economics Update

26 February, 2019

Could North Korea be the next Vietnam?

Ahead of his meeting with Kim Jong Un in Hanoi this week, Donald Trump tweeted that North Korea had “more potential for rapid growth than any other”. While North Korea’s natural resources, geographical location and low labour costs mean its economy has plenty of potential, the likelihood of North Korea emulating the economic achievements of Vietnam are slim.

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