- Opening up to foreign investment and trade: By allowing foreign investment and promoting trade with other countries, North Korea could access new technologies, resources, and markets, which in turn could stimulate economic growth.
- Implementing market-oriented economic reforms: By transitioning from a centrally planned economy to a more market-oriented system, North Korea could encourage domestic entrepreneurship, increase efficiency, and foster innovation.
- Investing in infrastructure projects: Developing infrastructure such as roads, railways, and communication networks could improve connectivity within the country, reduce transportation costs, and attract more investment and tourism.
- Investing in education and skills training: By prioritizing education and skills training, North Korea could develop a more skilled workforce, which could attract foreign investment and promote innovation and economic diversification.
Which policy might most help North Korea develop economically?(1 point)Responses
1 answer