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Asia-PacificApril 2 2013

Will North Korea ever become an emerging market?

Despite its isolationist circumstances, North Korea has been developing an informal market economy on the back of its highly educated labour force. But the state's ambivalence about foreign investment and its geopolitical intransigence make it difficult to know how far the inroads made by outside investment can reach.
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Will North Korea ever become an emerging market?

An isolationist, rogue nuclear state; an axis of evil. At best, North Korea’s leadership is depicted as unpredictable, a place where no one in their right mind would want to do business.

The recent high-profile visits of Google’s executive chairman Eric Schmidt and basketballer Dennis Rodman added to the country’s intrigue and many speculated North Korea could be ready to open up to the rest of the world. Since then, though, there has been an escalation in tensions on the Korean peninsula, an extra round of UN and US sanctions, and North Korea has threatened a pre-emptive nuclear attack against the US.

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