• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • North vs. South: How Economic Freedom Impacts Korea

    Real life can never give social scientists the kind of laboratory-quality tests that natural scientists can create, but sometimes it comes close. Since the two Koreas–North and South–are virtually identical culturally, it would appear that the different political systems explain the outcome illustrated by the figure below, which comes from last Monday’s Washington Post:

    Since the Korean War divided the country, South Korea’s citizens have enjoyed greater freedoms than their northern cousins, and that includes economic freedom. The Heritage Foundation/Wall Street Journal Index of Economic Freedom measures economic freedom over the recent decades. Since 2001, South Korea’s score on the Index of Economic Freedom has ranged from the high 60s to low 70s on a scale of 100. North Korea’s score for the same period has been no higher than 10, and currently stands at 1.0.

    Posted in Featured [slideshow_deploy]

    One Response to North vs. South: How Economic Freedom Impacts Korea

    1. Jeff says:

      I don't think your graphing tool is accurate. For one thing, when you do a query for 2 values, it gives you three. If there are no labels and the wrong number of values, you don't really have a usable tool.

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.