North Korea Was Once Richer Than South Korea?
North Korea is now one of the poorest countries on Earth. It is estimated that 60% of the total population of North Korea live below the poverty line in 2020. GDP per capita is estimated to be around $790, an income level that would be among the lowest in the world.
But, North Korea was once had a similar or higher GDP per capital to its neighbour South Korea, from the aftermath of the Korean War until the mid-1970s.
So how did North Korea accomplish these amazing achievements?
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