Economy+and+Government

__** ​ Economy and Government of North and South Korea **__

**__North Korea-__**

__Economy__ North Korea has faced many economic problems throughout the years. Because of the large-scale spending on military weapons and resources North Korea has gone into great debt. Also, many people have suffered because of poor living enviroments in North Korea. Their GDP per capita is 1,900 which is ranked 188 compared to the world. Major agricultural products are corn, rice, potatoes, soybeans, cattle, etc. Major industries are military products, machine buildings, electric power, chemicals, mining, etc.

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__ Government __ North Koreas government is a one man communist dictatorship. It is based on Prussian civil law system with Japenese influences and Communist legal theory. They have different branches and political parties. North Korea earned their independence on August 15, 1945 from Japan and adopted a constitution in 1948 which has been revised several times.

​ **​ __South Korea-__

__ Economy __

Since the 1960s South Korea's economy money wise has sky rocketed. Four decades ago South Korea's GDP was ranked as a poorer country. Because of the import and export of raw materials South Korea has been able too reach the trillion GDP per capita. South Korea relies heavily on their services to get the job done in the country. Since the past years South Korea's population has slowed, no markets and manufacturing help the economic growth.

__ Government __ **

South Korea's government type is Republic. Combines the elements of continental European civil law systems, Anglo- American Law, and Chinese classical thought.  They have a judical, legislative and executive branches and the leader is the cheif of state. They recieved their freedom from Japan on August 15, 1945 and a constitution was made on 1948.