Question

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.

Answer 1

A.

North Korea has seen some loosening — informal markets (jangmadang), limited private trading and small enterprise autonomy have grown in recent decades — while Cuba still maintains a largely state‑dominated economy with tight government control over key sectors (even though it has introduced limited private‑sector reforms).