Question

Using complete sentences, explain why North Korea is considered to be a developing country. Why is the country isolated from other countries?

Answer 1

Answer:

North Korea is one of the poorest and least developed counties in the world. because of it's penchant for secrecy and isolation. North Korea is isolated due to the alliance that u.s. have with South Korea

Explan !

Answer 2

Answer:

• North Korea has a centralised economy and means of production are owned by the state.
• The country has faced difficulties in achieving its economic plans and goals, especially after the Korean War.
• The economic policies of the country are formulated on the basis of self-reliance except for importing essential goods such as fuel and machinery.
• Since the country is completely self-reliant the economic growth is considerably low and gradual as the country won't encourage foreign investments the economy remains insufficient for the population.
• The lack of information about the country because of its authoritarian regime it is difficult to conclude the country's economic position in the global world.
• The reason for the isolation of North Korea is towards the end of the Korean War in 1953 and its closed economic model.

   

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