Can a New Leader Save North Korea's Economy?: Poverty By Design

The video discusses the economic challenges faced by North Korea, highlighting its potential for wealth due to its natural resources and proximity to major economies. It explores the broader issue of instability in developing nations, which deters investment and economic growth. The video also examines the paradox of dictatorships, which can offer stability but pose challenges for long-term investments due to unpredictable leadership changes.

What are some of the economic challenges faced by North Korea?

• Proximity to major economies

• Excessive foreign investment

• Sanctions and misdirected public funding

• Lack of natural resources

Why do investors often avoid investing in developing nations?

• High potential returns

• Lack of natural resources

• Instability and lack of confidence

• Excessive government support

What is a common issue that prevents developing countries from receiving critical funding?

• Excessive foreign aid

• Overabundance of natural resources

• Political instability

• Lack of skilled labor

How might dictatorships offer a certain level of stability?

• Frequent leadership changes

• Single long-term leader

• Democratic elections

• Open market policies

What is a major problem with leadership transitions in authoritarian regimes?

• They are often smooth and predictable

• They are more turbulent than scheduled elections

• They always lead to economic growth

• They are supported by international investors