December 19, 2011

HOW MANY MORE MILLIONS OF KOREANS HAVE TO BE KILLED...:

Kim Jong Il's death could upset regional economy in Asia (Don Lee and David Pierson, 12/19/11, Los Angeles Times)

By itself, North Korea's closed and backward economy is too puny to matter. Based on official exchange rates, the country's gross domestic product was estimated by the CIA at $28 billion in 2009, roughly the size of Bakersfield's and only about 3% of South Korea's GDP.

But if North Korea's chronic food shortages and other entrenched economic problems worsen -- and there are signs that the country is straining under higher grain prices -- and the new leader has trouble consolidating power, it could touch off events creating more political and military instability. And that could upset the whole regional economy.


...before the Realists stop rooting for its stability?
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Posted by at December 19, 2011 10:49 PM
  

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