{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Can a New Leader Save North Korea\u0026#39;s Economy?' data-url='/boclips/videos/5eab6796cc0faa0fde0aec04' data-video-url='/boclips/videos/5eab6796cc0faa0fde0aec04' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nCan a New Leader Save North Korea\u0026#39;s Economy?\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356231\" href=\"/search?publisher_ids%5B%5D=30356231\"\u003eEconomics Explained\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eSo the wild ride of 2020 continued this week with the news that the leader of north Korea, Kim Jong Un was in a critical condition and that his continued leadership of the nation was not necessarily guaranteed. This has of course...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eSo the wild ride of 2020 continued this week with the news that the leader of north Korea, Kim Jong Un was in a critical condition and that his continued leadership of the nation was not necessarily guaranteed. This has of course generated all manner of speculation given how secretive the hermit kingdom is at the best of times but even more so now as it’s future really is up in the air. So with that on board there are a few key issues we must explore here. What will the potential economic outcomes of leadership change be why is it that a dictatorship inherently makes for a poor economy? What the potential outcomes will be for North Korea will be into the future. How countries have dealt with this type of situation in the past And perhaps initially what is it that would stand in the way of a country like North Korea embracing a modern economic system, what keeps them poor. #northkorea #economics #recession \u003ca href='https://www.patreon.com/EconomicsExplained' target='_blank' rel='nofollow'\u003ePatreon -\u003c/a\u003e \u003ca href='https://discord.gg/7kM7Tw9' target='_blank' rel='nofollow'\u003eDiscord -\u003c/a\u003e Enquiries - loungejita@gmail.com second channel for Q\u0026A \u003ca href='https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g?view_as=subscriber' target='_blank' rel='nofollow'\u003eStreams -\u003c/a\u003e CGPGreys Rules for \u003ca href='https://www.youtube.com/watch?v=rStL7niR7gs' target='_blank' rel='nofollow'\u003eRulers -\u003c/a\u003e References - Lam, R. and Wantchekon, L., 1999. Dictatorships as a political Dutch Disease Farrant, A., McPhail, E. and Berger, S., 2012. Preventing the “Abuses” of Democracy: Hayek, the “Military Usurper” and Transitional Dictatorship in Chile?. American Journal of Economics and Sociology Wintrobe, R., 2000. The political economy of dictatorship. Cambridge University Press. \u003ca href='https://nationalinterest.org/blog/korea-watch/seven-questions-ask-about-what-happens-north-korea-if-kim-jong-un-dies-149271' target='_blank' rel='nofollow'\u003eArticles -\u003c/a\u003e \u003ca href='https://nypost.com/2020/04/29/north-korea-investigating-after-news-report-claims-kim-jong-un-dead/' target='_blank' rel='nofollow'\u003e\u003c/a\u003e \u003ca href='https://money.cnn.com/2012/09/24/news/economy/rich-vote-more/index.html' target='_blank' rel='nofollow'\u003e\u003c/a\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"4.0 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=50938\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003e6th - 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