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Monday, August 15, 2011

All the wrong exports

The consistently excellent Planet Money reports on how North Korea raises cash for itself. A good read overall (illegal drug smuggling!), but I found this particular aside interesting:

And North Korea has one more legal export: monuments. It turns out that giant, ugly statues are one of the few exports of North Korea.

There's a whole division of the North Korean government that specializes in building those statues for dictators around the world, according to Curtis Melvin, an econ grad student who runs the blog North Korea Economy Watch.

"You can go as far back as the 1970s to find monuments the North Koreans have built in Africa and that's sort of continued to this day," he says.

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