Start speaking a new Language In 3 weeks with Babbel 🎉. Get up to 65% OFF your subscription ➡️Here: https://go.babbel.com/t?bsc=1200m65-youtube-casualscholar-aug-2022&btp=default&utm_term=generic_v1&utm_medium=paidsocial&utm_source=YouTube&utm_content=Influencer..casualscholar..USA..YouTube North Korea has arguably the worst economy in the world. However this was not always the case. In fact for a brief moment in time it was the most industrialized nation in Asia and persistently outperformed South Korea for decades. How did not North Korea go from the “Idea socialist state” to the worst place to live in the world? Please Subscribe! null ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Support the Channel! https://www.patreon.com/CasualScholar ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ -Contents of this video------------------------------- 00:00 - North Korea: The Worst Place To Live in the World 03:00 - Korean History & Japanese Occupation 05:08 - "The Liberation of Korea" 07:28 - The Korean War 09:49 - North Korea's Economic Golden Age 12:45 - Soviet & Chinese Aid 14:24 - The Beginning of the End 17:16 - Prioritizing the Military 18:49 - Economic Envy 20:39 - The Great Famine 22:55 - Life After Collapse 25:02 - How North Korea Still Exists - Sources used -------------------------------------------- - The Impossible State North Korea, Past and Future by Victor Cha - Unveiling the North Korean Economy: Collapse and Transition by Byung-Yeom Kim -https://web.archive.org/web/20170705205556/https://www.wilsoncenter.org/sites/default/files/NKIDP_Working_Paper_4_China_and_the_Postwar_Reconstruction_of_North_Korea.pdf -chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://carleton.ca/economics/wp-content/uploads/cep04-05.pdf -https://www.ier.hit-u.ac.jp/COE/Japanese/Newsletter/No.6.english/KIMURA.html ------------------------------------------------------------------- Thank you to my Patrons! Talon H Hayden H Adrian W Pulaski ------------------------------------------------------------------- #NorthKoreanEconomy #northkoreanCrisis #Economics #CasualScholar #kimjongun