W-Extra. “What should I do about poverty in North Korea?” / Kim Seon Woo

W-Extra. “What should I do about poverty in North Korea?” / Kim Seon Woo

Summary

Small businesses and microfinance are widely promoted today as part of a poverty eradication strategy. Although they have a role to play, this article shows that their claim to success is appreciated. It has been concluded that the program is most effective when integrated into a wide range of social development policies and programs designed specifically to address a wide range of poverty problems.

Interesting Point.

 Currently, North Korea has a deformed economic structure under national control. The market economy is taking place negatively, and trade with the world is growing, mainly through illegal means. We need to put an end to economic development in order to address North Korea's poverty, but we don't come up with a way.

Discussion.

 Can microfinance help North Koreans?

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