Sam Jacobs, Business Insider Australia July 13, 2018, 5:42A
- Research from Credit Suisse suggests North Korea could become a $100 billion economy within 10 years.
- This would be possible only if it were to denuclearise, reform its policies, and open its borders to foreign investment.
- Industry experts have speculated the country may also be sitting on $6 trillion in resources - 190 times its 2016 GDP.
Recent negotiations between North Korea's Kim Jong Un and US President Donald Trump have provided a glimmer of hope for the hermit kingdom's economic outlook.
Markets are now watching to see whether the North Korean leader follows through with his pledge to denuclearise. The next step will be policy reforms, which will open North Korea's economy to foreign investors.
Credit Suisse analyst Trang Thuy Le estimates North Korea could become a $100 billion economy within 10 years if it takes a path towards modernisation.
Even it happens, a $100 billion economy still comprises just 0.1% of today's global GDP.