Having visited more than a few Fourth World cesspools in my day it seems to me that an infusion of trillions of dollars over at least 20 years would be required to lift North Korea to the level of Tanzania (which I’ve visited).
Jumping the gun a bit, aren’t we UBS?
Oh bs. No one can predict such things.
They can predict however the next pool of cheap labor for the globalists
Up until the 1970s, industrial production was greater in the North than the South. It took several years for communism to make a mess of everything.
The prediction is for twenty years out. It could be more if we go out more than twenty years.
“A peace treaty formally ending the Korean War and opening the North-South border”
Serious business analysts are now studying this - unimaginable under Obama.
It really comes down to how much the North is willing to change, but the upside is clearly potential double digit GDP growth rates for decades.
Ethiopia has achieved that since 2000. North Korea has a series of inherent advantages over Ethiopia - reasonable existing transport infrastructure, 100% adult literacy, mineral wealth, and a mountain of foreign capital and expertise that preparing to swoop in.