Wednesday, August 27, 2008

North Korea and world capitalism

North Korea , that archetype state capitalist centrally planned economy has been undergoing certain changes recently , according to the BBC .
In areas designated "special economic zones", North Korea now invites foreign investors - mainly South Korean - to take advantage of cheap North Korean labour.
At the northern frontier with China, trade is thriving, and bribes can often buy passage across the border for North Koreans wishing to buy goods, visit family or flee the country.

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