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The Belt and Road Bubble Is Starting to Burst China's hasty international investments are beginning to drag down its own economy. In a sense, the Sicomines resources-for-infrastructure agreement in the Democratic Republic of the Congo has been just another underperforming deal in a country with no shortage of them. But it is also more than that — namely, a window into the flaws at the heart of Chinese international economic policy, which is already costing its economy dearly. https://foreignpolicy.com/2018/06/27/the-belt-and-road-bubble-is-starting-to-burst/ How North Korea Could Go From Hermit Kingdom to Factory Hub A new report provides the most detailed look yet at how a sanctions-free Pyongyang could strike it rich. This month’s summit in Singapore between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes that the two men can solve a decades-old impasse and open up one of the world’s most closed economies. Those visions may not be a pipe dream after all, says a painstakingly researched new report by South Korean analysts just released in English. The summit, and the prospect of an end to international economic sanctions, could lead to a flood of foreign capital that could transform North Korea from a hermit kingdom into an economic juggernaut, concludes the study by Samsung Securities. https://foreignpolicy.com/2018/06/28/how-north-korea-could-go-from-hermit-kingdom-to-factory-hub/ _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
