Home > Economic Systems > AS Level – Economic systems: North Korea

AS Level – Economic systems: North Korea

February 14, 2017 Leave a comment Go to comments

Following on the theme of economic systems and North Korea, below is a documentary from the BBC Panorama programme. John Sweeney goes undercover in North Korea and finds out what life is really like. The documentary shows: State ownership, State control, price controls and extreme government failure in poor quality goods and services, massive shortages, and crippling unemployment. He does venture over the border to South Korea  where the experience is in stark contrast. Good video to finish off the market systems topic.

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