South (North) Korea fact of the day

Even if South Korea grows at only 3 percent per year, it is expanding annually by an amount equivalent to the size of North Korea’s economy.

That is from the new and noteworthy The Korean Economy: From a Miraculous Past to a Sustainable Future, by Barry Eichengreen, Wonhyuk Lim, Yung Chul Park, and Dwight H. Perkins.

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