Future of North Korea Economy: Politics over Economic Policy

Future of North Korea Economy: Politics over Economic Policy

Future of North Korea Economy: Politics Over Economic Policy The terms starvation, isolation, totalitarianism, and nuclear ambitions combined would remind most people the hermit kingdom in East Asia, the Democratic People’s Republic of Korea, and its Kim dynasty. After the demise of the aged dictator Kim Jong Il in December 2011, the country went through a period of mourning the death of their “beloved� Great General and, undergoing a power succession to his 29-year-old son, Kim Jong Un. He has been known to have attended a Swiss school in his childhood years, enjoying playing basketball and video games (Yan & Shubert, 2011).However, even though many outsiders have a hopeful outlook on this young dictator to be somewhat liberal in both economic and political perspectives, analyzing the situation through levels of analysis suggests that he is unlikely to be any different than his predecessors.