North Korea's economy just had its worst year in two decades

After implementing stringent international sanctions against nuclear weapons programs, the economy of North Korea turned into a reversal

According to the announcement by the Republic of Korea, the North Korean economy shrunk by 5% in 2017. This year it may be even more scary

Isolated countries do not publish their own growth data. However, since 1991, Korea has created estimates of the annual GDP of neighboring countries.

This contraction was a sharp change when the North Korean economy grew by about 9% since 2016. This is also the worst performance since 1997 which Seoul estimated that the North Korean economy fell by 5% due to widespread famine.

According to the data of 2017, North Korea's exports - coal, iron ore, fabric - decreased by nearly 40% to just 1.8 billion dollars. The central bank estimates that the average annual income of Koreans is only 5% of the South.

Kim Byung-soo, a professor of economics at Seoul National University and a professor of economics, said, "There is a possibility that the economy will deteriorate further." "I estimate that this year's growth rate will drop by at least 5% if sanctions are implemented completely and completely"

Last year the United States promoted a series of United Nations resolutions further exacerbating the pressure to deal with Pyongyang's repeated experiments to promote nuclear weapons programs by the North Korean economy.

The purpose of UN sanctions is ban on the sale of North Korean exports, coal, iron ore, textiles and seafood. The Trump regime is also trying to deprive the necessary fuel to maintain the economy of North Korea.

The measures in the United States also prohibit North Korea from the global financial system and prohibit US banks from directly or indirectly engaging in financial transactions with that country.

Although some analysts are skeptical, China pointed out that sanctions are imposed on China, which accounts for the majority of North Korea's foreign trade.

Following the summit last month in Singapore with North Korean leader Kim Jung-eun, President Donald Trump said that sanctions will be lifted only if judging that nuclear weapons are no longer a factor. He acknowledges that it may take a long time

Advancing political and economic participation over advances to reduce security threats can be the worst in the world - politically with a stable economy and activated military power North Korea is unconstitutional. Some experts can participate in policy and some of the economic benefits that it provides to North Korea will help the North Korean economy out of the valley and Pyongyang can host the largest military exercise in the year I believe that. In principle, the United States, the Democratic People's Republic of Korea, and Japan will provide short-term assistance with the aim of preventing instability and collapse in the northern part, like food aid, without additional conditions I am willing. This does not preclude the use of assistance to ensure the progress of security issues, such as large-scale food aid over several years and agricultural development packages.

I studied in North Korea for over 30 years. As early as 2000, I co-authored with Ralph Hassig my research partner and a book on the theme of seeing North Korea through a mirror. The title means that North Korea is the opposite of what Westerners know well. The majority of this book's writing is in a period when Kim Jong Il giving up leadership and seemingly giving up the suffering and famine of the Korean people - this is because his father (assisted by Kim Jong Il) It is a dramatic change to maintain. Grasp the life of his people. Optimists believe that abandonment of young Kim Jong Il's power may be a sign of political, economic and social change. However, I do not believe that Kim Jong Il has taken a new way of thinking. On the contrary, I believe that North Korea's media quoted Kim Jong Il as saying, "I am hoping that I have not changed."

When I was teaching English in Korea in 2013, North Korea began to threaten Korea and the US for increasingly fierce series of rhetoric, even if the North is more extreme than normal. North Korea's North Korean leader Kim Jong Il announced two countries in the "war situation" the following day, I went to the classroom, and the students were in North Korea (Korean Korean) and gold Find a story of General Secretary of the New Year - the United Nations. "He is a pig," one girl said. Other children agreed