Term Paper Flashcards
First, disconnecting from other countries would halt essential activities for a country’s growth, such as trade.
Nearly all countries worldwide require trade to sustain their economy and improve their citizens’ quality of life.
Nearly all countries worldwide require trade to sustain their economy and improve their citizens’ quality of life.
Trade allows countries to specialize in what they are efficient at producing and importing what is not, contributing to lower costs and more diverse products.
Trade allows countries to specialize in what they are efficient at producing and importing what is not, contributing to lower costs and more diverse products.
Without exchanging goods and resources, products would have to be manufactured domestically, considerably raising prices and lowering citizen’s quality of life.
Without exchanging goods and resources, products would have to be manufactured domestically, considerably raising prices and lowering citizen’s quality of life.
Since a nation’s capacity to generate a resource may be impacted by variables such as climate, the range of available products would likewise be restricted.
Since a nation’s capacity to generate a resource may be impacted by variables such as climate, the range of available products would likewise be restricted.
Trade also has the advantage of being practical in times of emergency or natural disaster, as it enables a nation to rely on imports while it recovers. This is especially useful if a necessary resource has been depleted due to the disaster.
Trade also has the advantage of being practical in times of emergency or natural disaster, as it enables a nation to rely on imports while it recovers. This is especially useful if a necessary resource has been depleted due to the disaster.
North Korea’s strict isolationism and self-reliance since the 1950s illustrates the dangers of limited trade.
North Korea’s strict isolationism and self-reliance since the 1950s illustrates the dangers of limited trade.
Due to the country’s lack of access to international markets, North Korea struggles to acquire vital resources such as fuel and advanced technology.
Due to the country’s lack of access to international markets, North Korea struggles to acquire vital resources such as fuel and advanced technology.
The inability to import food was one of the main causes of the devastating famine starting in 1990 leading to the death of thousands of millions of people.
The inability to import food was one of the main causes of the devastating famine starting in 1990 leading to the death of thousands of millions of people.
Moreover, a lack of diverse trade partners has made North Korea overly dependent on China, allowing it to hold an immense amount of leverage over any deal taking place.
Moreover, a lack of diverse trade partners has made North Korea overly dependent on China, allowing it to hold an immense amount of leverage over any deal taking place.
Ultimately, the lack of resources and overpowering foreign influence made North Korean citizens defenseless and exposed, showcasing that disconnecting from the world is not a wise tactic when focusing on people’s well-being.
