How does the economy of cuba differ from the economy of north korea?


Asked by wiki @ in Geography viewed by 497 People


How does the economy of Cuba differ from the economy of North Korea? In North Korea, the government’s control of the economy has begun to loosen. In Cuba, the government maintains a tight hold over the economy. In Cuba, the government’s control of the economy has begun to loosen. In North Korea, the government maintains a tight hold over the economy. In North Korea, there is economic uncertainty in exchange for individual choice. In Cuba, there is economic security in exchange for government control. In Cuba, there is economic uncertainty in exchange for individual choice. In North Korea, there is economic security in exchange for government control.

Answered by wiki @


The correct answer is - In Cuba, the government control of the economy has began to loosen. In North Korea, the government maintains a tight hold over the economy.

In recent years, after Fidel Castro stepped aside as president of Cuba, the Cuban economy has slowly but surely started to open up to the world, and that is mainly because the government started to allow it bit by bit.

In North Korea, there isn't any change in the economic policies. The government is in control over all of it, and dictates it as it pleases and needs, and there's not even a slight hope for the time being that things will change.

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