Lifting sanctions on North Korea alone is insufficient. To be attractive to foreign investors, it would require Kim to make reforms to the entire regime — both political and economic, which is extremely unlikely, experts say.
“For the country to be able to attract foreign investors, its autocratic leaders need to show openness to deep structural reforms, which would mean loosening their grip on North Korean society as a whole,” said Anwita Basu, country risk service manager for Asia at The Economist Intelligence Unit (EIU).
Verisk Maplecroft said in its report: “If North Korea is to become a potential investment destination for even the least ethically sensitive investors, Kim faces a monumental task in which he personally has little to gain and everything to lose.”
Closing the country’s notorious forced labor camps would be the first step, it said. But that, combined with a complete overhaul of the country’s regulatory system and state institutions, could destabilize the country and “threaten the very survival of the Kim dynasty,” the report said.
Besides, putting in place reforms would require openness on the part of the pariah state, but its economic system is being strictly controlled by the military and the ruling Workers’ Party of Korea.
from Just News Viral https://ift.tt/2Vynhuh
0 Comments