If North Korea really is achieving per capita annual GDP growth rates of 9% as claimed by the Hyundai Research Institute, and if salaries really have grown 250-1,200% over the last 10 years, then North Korea has the fastest growing economy in the industrialised world, and its people are seeing the fastest growth in real incomes in the world writes Alexander Mercouris That no doubt explains the growing self-confidence of the North Korean leadership and the genuine popularity (as opposed to personality cult) of Kim Jong-un, which even some Western observers are reluctantly admitting. One of the great problems of the West is that it always seem to struggle to recognise or adjust to a change of reality in any particular given situation. Just as the West imposed economic sanctions on Russia in 2014 in the completely mistaken belief that Russia’s economy is a house of cards – which is what it was in the 1990s – so the West still believes that North Korea is a basket case one step away from total collapse, as it also was in the 1990s. The result in both cases is a fruitless search for sanctions in order to tip things over, and anger and bafflement when they fail to work. In the case of North Korea, what the West believes is the ‘magic bullet’ – Chinese sanctions – will never happen on anything like the scale the West wants or which would make a significant difference. Given that this is so the thing to do is what the West has always and consistently refused to do and which the Chinese and the Russians are urging the West to do: open direct talks with Kim Jong-un. In the meantime, whilst the West drags its heels about doing this, Kim Jong-un and North Korea continue to grow stronger, and the military balance in the north east Pacific continues to shift slowly but steadily in their favour. SOURCE: http://theduran.com/truth-north-korea-booming SEE ALSO: https://democracyandclassstruggle.blogspot.co.uk/2017/10/north-korean-agriculture-taegyedo.html
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