What are some Problems with U.S, Canada, North Koera, and Singapore?
The US, Canada, and Singapore have mixed economies with strong free-market systems. North Korea is communist. In the aftermath of the Korean War and throughout the 1960s and ’70s, the country’s state-controlled economy grew at a significant rate before collapsing. State-owned industry produces nearly all manufactured goods. The government focuses on heavy military industry, following Kim Jong-il’s adoption of the Songun “Military-First” policy. Estimates of the North Korean economy cover a broad range, as the country does not release official figures and the secretive nature of the country makes outside estimation difficult. According to accepted estimates, North Korea spends $5 billion out of a gross domestic product (GDP) of $20.9 billion on the military, compared with South Korea’s $24 billion out of a GDP of $1.196 trillion. Part of the reason for this is that the military serves a number of roles in addition to national defense. The military assists farmers with crops, local areas
