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China-Japan-Koreas
N.Korea Seeks German Help to Open Economy
2013-07-10
I'm sure there are some unemployed East German economists who will be happy to help. Dollars or Euros, please.
North Korea is preparing to open up its economy with help from German experts, the Frankfurter Allgemeine Zeitung reported Saturday. The daily said Pyongyang is secretly seeking advice from German economists and lawyers to come up with new economic policies and attract foreign investment.

According to the advisors from leading German universities, North Korea is currently devising investment laws and already has finalized a master plan with the goal of opening up by the end of 2013.

One unnamed economist on the team told the paper that North Korea does not want to follow the Chinese-style model, which draws foreign investors to special economic zones. "Rather, they are interested in the Vietnamese model, in which specific companies were chosen as recipients of investments," the source said.
Specific companies with specific advisors who all need to wet their beaks. In America we call it the 'Chicago-style model'...
But he warned the issue is far from concluded. "The military in North Korea will not want to give up power," he said, adding that resistance from the powerful army will be difficult to overcome.
Posted by:Steve White

#4  James, the Germans have been running an outstanding economy since at least the Great Elector. They started with naught, ended with naught and started again. A strong German economy is nothing new.
Posted by: Shipman   2013-07-10 17:30  

#3  North Korea is preparing to open up its economy with help from German experts,

Germany, of all places, they don't read much History, do they.

"Opening" Germany was a nightmare. (WW2)
You want that?

Didn't think so.
Posted by: Redneck Jim   2013-07-10 14:35  

#2  If they want to use the Vietnamese model, why aren't they hiring Vietnamese consultants, instead of going to the Germans? I would think that the Germans would tend to push them towards a German economic solution - IE, "you lose, the South wins, you try to get a couple pennies on the dollar for your rubble and ruins, and go to work for those who can keep you from starving. Hey, maybe one of your politicians might become prime minister in ten-twenty years, look at Angela".
Posted by: Mitch H.   2013-07-10 10:06  

#1  Cause they have NO idea how to do it.
And the Kim's don't either. (Or simply don't)
Posted by: Redneck Jim   2013-07-10 06:18  

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