Question

discuss the development strategies of south and north korea​

Answer 1

Answer:

Explanation:

Although they may share a border and were once united, there is a big difference between the economies of North and South Korea. North Korea operates under a command economy, while its neighbor to the south is a mixed economy, combining free market principles with central planning by the government.

Former U.S. President Bill Clinton described the Korean Demilitarized Zone (DMZ), as “the scariest place on Earth.” The DMZ is a four-kilometer strip that carves the Korean peninsula almost in half running along the 38th parallel. It is the most prominent divide between North and South Korea that has existed since an armistice put an end to the Korean War in 1953. Now, more than 65 years later, the Democratic People’s Republic of Korea (DPRK)—the official name of North Korea—and the Democratic Republic of Korea (South Korea), have drifted apart so much that it is hard to believe they were once one country.