North Korea's Unlikely Economic Boom

Stephanomics

• Episode: North Korea's Unlikely Economic Boom
• Website: Stephanomics
• Feed URL: http://feeds.bloomberg.fm/BLM8939407484
• Duration: 00:21:29
• Published: 2017-09-21 12:00

North Korea seems an unlikely place for capitalism to take hold. But markets are playing a bigger role in daily life in the country. While that's created a degree of economic stability in the short run, it's also inexorably undermining the power of the state and making ruler Kim Jong-Un more vulnerable over the longer term. What role does the economy play in the outcome of today's nuclear standoff? Professor and author Byung-Yeon Kim explains to Dan and Scott. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com