TOKYO - President Donald Trump has spent a lot of time trying to convince Kim Jong Un that great wealth awaits if he gives up his nuclear weapons and opens North Korea's economy. Yet that carries big risks for the young leader.
Openness could bring in a flood of outside information that finally loosens Mr Kim's grip, Dr Lankov added. The country's annual car production equals the amount that South Korea churns out in about 7.5 hours.Both a communist nation and a former US adversary, Vietnam now boasts one of Asia's fastest growth rates.
"It's about control," said Dr Mike Green, a former Asia director at National Security Council under President George W. Bush who's now at the Centre for Strategic and International Studies in Washington. Whether US businesses could eventually profit, as Mr Trump has speculated, is another matter. More likely, firms from adjacent countries South Korea and China would be the first on the ground.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: The Straits Times - 🏆 8. / 63 Read more »