How does North Korea’s policy of juche align with the global economy?
The correct answer and explanation is:
Answer: Juche, North Korea’s official state ideology, significantly impacts its alignment with the global economy. Juche promotes self-reliance, independence, and an emphasis on domestic control over economic and political affairs. This policy, developed by Kim Il-sung, the founding leader of North Korea, prioritizes national autonomy over international cooperation or engagement.
Explanation: The core principles of Juche directly oppose the global economic system, which is based on trade, interdependence, and multinational cooperation. North Korea’s strict adherence to self-reliance means the country prioritizes producing its own goods and services and resists reliance on foreign nations or external economic aid. This approach has led to the isolation of the North Korean economy from international markets, limiting its ability to engage in the global trade system.
The global economy thrives on cooperation, resource exchange, and technological advancements facilitated through international trade. However, North Korea’s isolationist policies hinder its participation in these global processes. While some industries, such as coal and textiles, still operate under state-controlled export systems, these activities are generally constrained due to heavy sanctions imposed by the international community, especially from the United Nations, the United States, and the European Union.
Moreover, Juche’s focus on military strength and national security has also led to significant resources being directed towards the military sector, often at the expense of economic growth or the well-being of the general populace. The North Korean regime remains highly suspicious of foreign influence and strives to maintain control over its economy, limiting foreign investment, trade, and interaction.
In contrast to the more integrated and interconnected economies seen in most parts of the world, North Korea’s adherence to Juche leaves it largely excluded from the benefits of globalization. While China provides some economic support through trade and investment, this relationship is one of limited interdependence, with North Korea largely maintaining control over its economic activities.