How North Korea’s Economy Thrives On Its Black Market
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Is Gentrification Turning London Into A Ghost Town? http://bit.ly/1Sb8wpm Subscribe! http://bitly.com/1iLOHml As the hermit kingdom, North Korea is closed off from global trade, but the nation has a loophole. So how does North Korea’s black market work? Learn More: Years after the famine, here’s how North Koreans really get by http://blogs.reuters.com/great-debate/2015/04/13/years-after-the-famine-heres-how-north-koreans-really-get-by/ “Private trade has become so prevalent in recent years that it permeates all levels of society, from the poorest through to the Communist Party and military elites.” Kim Jong-un's recipe for success: private enterprise and public executions http://www.theguardian.com/world/2015/oct/07/north-korea-recipe-for-success-economic-liberalisation-public-executions “There is some truth in this description but it does not represent the whole story. He may have a penchant for executions, but Kim is also the first ruler of the dynasty to implement market-oriented reforms.” North Korea: Black economy swelling disposable incomes http://www.ibtimes.co.uk/north-korea-black-economy-swelling-disposable-incomes-1526324 “Though not officially acknowledged, a "grey economy" has evolved over the past two decades, a development that has accelerated under leader Kim Jong Un, experts say.” Subscribe to TestTube News! http://bitly.com/1iLOHml _________________________ TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubenews TestTube now has a newsletter! Get a weekly round-up of our most popular videos across all the shows we make here at TestTube. For more info and to sign-up, click here. http://testtube.com/fwd Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq
Comments
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KIM IS A BIG DIRTY GAY. ..
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Everybody knows what the Kims look like. They could feed more if they used bronze to build boats and engines. Even more if they used resources for the economy instead of nuclear bombs. No nuclear means no threats of attacks from the south or north. The black or grey market would thrive if nothing were done. Why was KJU sent to Switzerland? He learned nothing.
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0:13 Seeing how Kim is the only overweight person in NK; I doubt that's a rumor
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danbee kim is beautiful
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Kim Jong Un supports private business as long as it benefits him, because the filth and misery of communist life is a pill to bitter for him to swallow.
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96 north Korean officials disliked this video
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96 north Korean officials disliked this video
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They have the power to own the black market. The U.N force them to certain things like this. Now a day North Korean has power to fight who don't like them.
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what do you expect them to do? its actually incredible how good their economy is despite being sanctioned by half the world
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wtf? executed with an anti-aircraft cannon? north koreans must probably think north korea is the only land on earth, or do they even know they're on a planet? or do they even know what a planet is?
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north korea founder been a friend for a long time. he one of the homies
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Hey look, at 0:53 there's a Ford Focus in the DPRK
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people need to just keep killing off that fucking family and maybe one day don't get a normal fucking leader
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For one thing, I guess North and South Korea could be the next Romania and Moldova.
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IF you smuggle a rice cooker, and the family gets caught with it, HOW do they explain HOW they got it? I am confused......... there seems to be no way around how to explain HOW you get a rice cooker, what seems to be a common item there???
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3:35 Why is that fire alarm on the DPRK side marked in English?
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3:21 "Goods priced only in US dollars". China wants it's currency to be a world reserve, but can't even get it's best buddy to use the Renminbi.
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Lets hope the come to their senses and open up a bit
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Kim gets way too much hate.
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So Kim Jong Un, who was Western educated, is a more intelligent leader than his dimwitted father. Who didn't understand basic economics, and over the course a very long rule never really decided a path for the country.
The murder of these generals & powerful people is probably to remove the much more traditionalist communist party heads of the country. There are a lot of people there who HATE these changes, by removing them, a richer nation for everyone can emerge. The goal is to probably make the country richer, therefore the leaders more powerful. Kim want's the Koreans competing with people again. But, for the nation to be richer, they need to people richer. Everyone will benefit.
Kim Jong Un is not stupid, he's not a spoiled bitch like we joke about. He is making clear cuts & strives to develop a Chinese system which is internally developed & doesn't rely on so much outside enterprise. If he succeeds, history might look at the Kim Jong Un a lot more favourably than his father.
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