While U.S. President Donald Trump has declared repeatedly that North Korea can become 'one of the great economic powers' in the world, one risk consultancy says the rogue state ranks as the least investable country in the world.
With U.S. President Donald Trump declaring repeatedly that North Korea can become"one of the great economic powers" in the world, risk consultancy Verisk Maplecroft tested that claim and found that the rogue state ranks as the least investable country in the world.
Ahead of the failed summit with North Korean leader Kim Jong Un, which ended on Thursday without a deal, Trump had dangled the prospect of a stronger economy for the impoverished state — tweeting repeatedly on the topic. Experts say that was part of a negotiating tactic. In a bid to"stress test the US president's assertions," Verisk Maplecroft compared the metrics of 198 countries in a recent study.
Miha Hribernik, head of Asia at Verisk Maplecroft said:"Investors are of course aware of the challenges associated with North Korea, but our latest index data reveals an array of risks without parallel anywhere in the world." "For the country to be able to attract foreign investors, its autocratic leaders need to show openness to deep structural reforms, which would mean loosening their grip on North Korean society as a whole," said Anwita Basu, country risk service manager for Asia at The Economist Intelligence Unit .
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