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North vs. South: How Economic Freedom Impacts Korea
Posted By Alex Adrianson On December 26, 2011 @ 12:00 pm In Featured | Comments Disabled
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.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2011/12/26/north-vs-south-how-economic-freedom-impacts-korea/
URLs in this post:
 from last Monday’s Washington Post: https://email.heritage.org/exchweb/bin/redir.asp?URL=http://www.washingtonpost.com/rf/image_606w/WashingtonPost/Content/Blogs/ezra-klein/StandingArt/North%20Korea%20vs.%20South%20Korea%20FIXED.jpg?uuid=V0aEdipVEeGDKURg8pC4_A
 Image: http://blog.heritage.org/wp-content/uploads/gdp-north-korea-south.jpg
 on the Index of Economic Freedom: https://email.heritage.org/exchweb/bin/redir.asp?URL=http://www.heritage.org/index/visualize?countries=SouthKorea%7CNorthKorea
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