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Trump says North Korea can be a ‘great’ economic power, but experts say it’s uninvestable

  • "Despite President Trump's claims that North Korea will become an 'economic powerhouse,' Kim Jong-un's authoritarian regime has been classified as the world's most perilous investment destination for business," Verisk Maplecroft said in its report.
  • "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," said Miha Hribernik, head of Asia at Verisk Maplecroft.
  • Other experts also stressed that even if sanctions were to be removed, risks for investors remain high, as it's extremely unlikely that North Korea will overhaul itself politically and economically.

OTHER NEWS

The legendary investor who predicted the past 2 bubbles breaks down how the 9-year bull market will end

17/08/2018, 6:17 AM

Jeremy Grantham, the cofounder and chief investment strategist at the $71 billion Grantham, Mayo, & van Otterloo, has become a world-renowned market voice by calling the past two major financial bubbles. He was growing ever-convinced of a severe bubble burst earlier this year, until President Donald Trump’s global trade-war escalation injected skepticism into the market, […]

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Why Trump Is Right to Target China With Tariffs

24/09/2018, 4:42 PM

President Donald Trump has demonstrated beyond reasonable doubt that he’s willing and able to disrupt and overhaul a decades-old U.S. trade policy status quo, including with global trade behemoth China. If you’re still skeptical, ask anyone involved in American agriculture (which had until recently enjoyed privileged status in U.S. trade policy ). Moreover, there’s impressive evidence that […]

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