Emerging Asia Economics

Emerging Asia Economics Update

11 June, 2018

Could North Korea be the next Vietnam?

Tomorrow’s historic summit between Donald Trump and Kim Jong Un in Singapore has raised the (distant) prospect of international sanctions against North Korea being lifted, a move that one day could even pave the way for the country’s integration into the global economy. While North Korea’s natural resources, geographical location and low labour costs mean its economy has plenty of potential, Kim Jong Un’s hopes of North Korea emulating the economic achievements of Vietnam are slim.

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