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The government of North Korea is mostly closed to the outside world. This makes for a pretty stagnant economy. The government of South Korea is more open, and has a more vibrant economy.

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Charlene Davis

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9y ago

The government of North Korea is mostly closed to the outside world. This makes for a pretty stagnant economy. The government of South Korea is more open, and has a more vibrant economy.

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Q: How do the governments of north and south Korea affect their economies?
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Related questions

What are some examples of unlimited governments?

North Korea


What is the difference between the north and South economies?

North Korea is a Dictatorship and South Korea is a capitalist country.


How do the economies of China and North Korea compare to South Korea and Japan's?

China and North Korea have poorer economy compare to South Korea and Japan.


How do governments of north Korea and south Korea differ?

South Korea is a modern democracy and North Korea is a communist dictatorship.


North And South Korea have different types of what?

governments


What is the difference between North Korea and South Korea economies?

North Korea's economic system is restricted due to it's communist form of government. South Korea's economic performance has no restrictions.


What are examples of command economy?

Libya North Korea Cuba Saudi Arabia Mynamar


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What countries are command economies?

I only know a few: - North Korea - China - Cuba


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Cuba, China, and North Korea are all countries with controlled economies.


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North Korea and Cuba are good examples of command economies.


What economic theory states that the government should own and control the means of production and distribution?

Centrally Planned Economies are typical of totalitarian countries such as Cuba, North Korea. The econonomic theory behind these governments is usually a form of Marxism.