Tuesday, May 13, 2014

North and South Korea Breaking the Rules

Breaking the Rules

South Korea is now a rule-abiding participant in the global economy. If North Korea traded its nuclear weapons program for a peace treaty, security guarantees, and economic development assistance, it might be able to accomplish the same trick. (Photo: yeowatzup / Flickr)
Small underdeveloped countries, unless they suddenly discover oil or gold, are at a distinct disadvantage in the global arena. If they play by the rules, they will remain underdeveloped. Over the last half-century, very few countries have managed to jump from the Third World to the club of richest nations.

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