#290: North Korea's Illegal Economy
Podcast
Podcaster
Beschreibung
vor 14 Jahren
North Korea relies on charity to feed its starving people. But the country's elites like their luxuries — imported wine, fine china, dancing shoes.
To buy those things, they need foreign currency. (North Korean currency is worthless outside of North Korea.) To get foreign currency, they need to sell things to the outside world. But North Korea's industrial base is a disaster, and the country doesn't grow enough food to feed itself.
On today's Planet Money, we look at the ways North Korea's leaders have managed to keep foreign currency flowing into the country. Their strategies include manufacturing drugs, counterfeiting U.S. dollars, and selling gigantic statues to foreign leaders.
To buy those things, they need foreign currency. (North Korean currency is worthless outside of North Korea.) To get foreign currency, they need to sell things to the outside world. But North Korea's industrial base is a disaster, and the country doesn't grow enough food to feed itself.
On today's Planet Money, we look at the ways North Korea's leaders have managed to keep foreign currency flowing into the country. Their strategies include manufacturing drugs, counterfeiting U.S. dollars, and selling gigantic statues to foreign leaders.
Weitere Episoden
10 Stunden 39 Minuten
vor 8 Jahren
11 Stunden 36 Minuten
vor 8 Jahren
vor 8 Jahren
13 Stunden 37 Minuten
vor 8 Jahren
vor 8 Jahren
In Podcasts werben
Kommentare (0)