Question

What are the pros and cons of providing food directly to north korea versus changing agricultural policies?

Answer 1

                        The agricultural policy of a nation would depend on many factors like the diversified crops production in the nation, the agrarian economy of the nation, provision of budgetary support to the agricultural sector of the nation and various other factors that contributes to the agricultural phenomenon of the nation. Thus, changing an agricultural policy of a nation is a huge task which would have to consider various factors that are mentioned above. The other option given is to provide food directly to North korea. It is a $28.5 billion economy with a GDP per capita of $1300. The GDP ranking of North korea is one among the bottom and thus the economy of North Korea is not considered to be one among the top economies of the world.

                        The provision of food directly to North Korea would mean that the nation has to depend on external factors to sustain the economy which would have serious effects on the domestic economy as a whole. This would also mean that the economy has to give back the debt which is being generated in this manner and thus makes the future economy and the future population more debt dependent which would hamper the future development of the economy. It would also mean that the current economic condition is too worse to conduct an international trade and transaction in the international economics which would result in the degradation of the Korean medium of exchange that would make the economy more worse.

                        Thus, considering the above two conditions, we can say that a mix of both has to be looked in to so that the economy is maintained in a sustainable position in the international scale. The agrarian policy has to be changed only step by step so that the production within the nation would not get affected and the share of the nation in the international market is maintained as such. Thus, a mix of both the effects could be implemented as a solution to the above issue.