North Korea’s workforce and capital is growing, but the results are still dire
New economic numbers from the Bank of Korea suggest that much of the country’s capital stock has gone to waste
South Korea’s central bank, the Bank of Korea (BOK), released new estimates about the size of North Korea’s capital stock — and these estimates are very hard to come by.
If these numbers are correct, North Korea’s economy has been reliant on an expanding labor force and ever-rising amounts of capital to produce even less impressive increases in output.
Capital stock is vital for economic growth and overall economic health. Simply put, it’s the total value of all the tangible and intangible assets within a particular economy or company, and these assets
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- 02North Korea’s economy is in a state of catastrophe, but the issue is decades-old
- 03Kim Jong Un’s right-hand man may be leading a new North Korean security council
- 04Japan’s back in the North Korea game, but it faces nearly impossible challenges
- 05Open for business? North Korea can learn a lot from Cuba’s economic reforms
- 06North Korea is fighting to take back control of its economy from the markets
- 07Kim Yo Jong found her own voice, but she’s far from taking North Korea’s throne
- 08North Korea’s tumbling economy hasn’t stopped Kim Jong Un from making more nukes
- 09Kim takes back control of body overseeing party leadership
- 10Now you see me, now you don’t: North Korea replicates South Korean camo designs