How does the economy of Cuba…

Geography Questions

How does the economy of Cuba differ from the economy of North Korea, considering their respective government controls and the trade-offs between economic security and individual choice?

Answer

In Cuba, government control over the economy has begun to ease. Following Fidel Castro’s departure from the presidency, the Cuban economy has gradually started to open up to the global market, largely due to incremental changes implemented by the government. Conversely, in North Korea, economic policies remain unchanged. The government continues to exert complete control over the economy, operating as it sees fit, with little to no indication that this situation will alter in the near future.

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