The economy of North Korea never grew with Western sanctions. North Korea has the support of China.
The economy of Iran still hasn't recovered to 2012 levels, they lost 2 decades of growth at least. They have support from China.
Russia still hasn't reached past it's 2013 peak, they have the support of China, they will likely lost the least number of years from western sanctions, 15 years.
Out of these three nation states Russia appears to be doing the best even after mass western sanctions.
Theories for Russian resilience:
1. USSR remaining resources keeping Russia afloat. While Russia is no where close to as great an empire as the USSR, they do retain all the knowledge from that era which is still good enough to build a middle income economy on.
2. Russian oil reserves. They are far closer to China so its far harder to blockade their sales of oil like in the case of Iran.
3. Russians just being more competent than Iranians and North Koreans. The failed slav is still more competent than the average arab. Making Russia capable of getting 33% further under the same harsh conditions.
Russia's median age has already hit 39.2. Based upon historical trends with other nation states, we can expect to see economic decline by 2035 based on this metric alone.
In addition, Russia only gets to trade with two major world economies, while all the other major world economies get to trade with every other major world economy. This puts Russia in a position where it is unable to grow its per capita income to levels similar to Mexico or China. Which puts them in a position where they cannot expect their GDP per capita to even cross 20k per capita before it falls into stagnation or decline.
In conclusion:
Russia's GDP growth is less sustainable than Mexico's but more sustainable than Iran's. This guarantees Russian economic decline within the next ten years fast forwarded by their war with Ukraine. GDP growth will decline year on year from now onward. Russia GDP per capita will never cross 18,000 USD nominal.
Fun fact:
Poland has a higher GDP per capita than Russia
Bulgaria has a higher GDP per capita than Russia
Kazakhstan has a higher GDP per capita than Russia
Russia is ahead of Turkey barely.
The peak upper limit for median age while a nation state can still keep growing appears to be 41-46 years for a developed economy in 2023.
China's median age by 2035 will be more than 45, which again sets 2035 as the deadline for when China will stop growing above 2% GDP growth rate.
US median age remains at 38.5 years old. Growing 1.5 years every single decade. This is younger than China's current median age of 39 in current year.
China will be too old to grow economically long before the US. Russia is dependent on China for its economy to grow.
Russia will be primarily dependent on Indian economic growth after Chinese growth stagnates, which would make things worse for Russia as India would not be able to provide as many resources or as much trade as China for quite some time.
Russia is cooked at some point between 2028 and 2035.
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Because Russians have enough money/goods to buy and sell to the Stans, Jeets and Chinks on the downlow.
North Koreans don't have enough money/goods to buy and sell to the Stans, Jeets and Chinks on the downlow.
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Good point but this wouldn't explain Iran's situation.
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False premise. The sanctions against russia are to wall-in the consoooomers in the west, prior to asserting digital-only currencies.
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@gigachad_brony don't get it but @gigachad_brony believe you.
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North Korea's economy is doing okay as far as the party is concerned. They've got nuclear weapons, missiles, and an army that's strong enough to put up a good fight if they're invaded. That shit is expensive, especially the missiles. And it's not a matter of quality, they're using the more advanced kind of liquid fuel so it's comparable to what the Soviets could achieve in the late 1960s.
The party is just not very interested in trying to improve the standard of living of its population. As long as they're making their weapons and nobody is starving, that's good enough for them.
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Most people aren't getting as much nutrition as they should, but I don't think there's been much starvation since the 1990s. We would know because there would be people flooding into China desperate for food.
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true good point
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Big shithole with less sanctions better than small shithole with more sanctions.
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russia is more sanctioned than north korea
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https://www.bloomberg.com/news/articles/2022-03-07/russia-surges-past-iran-to-become-world-s-most-sanctioned-nation
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Regardless nobody trades with Korea while everyone, including the West, still trades with Russia. Probably counting individual regulations as sanctions.
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Russia would have been an economic blackhole if it wasn't for China in that first year.
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Yes because the secondary sanctions are much more punishing for business with Russian than NK.
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@gigachad_brony knew it.
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russia is self-sufficient though ?
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20% of its economy is oil sales too other countries.
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*6% and they are selling more to Europe now than ever LOL
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North Korea is far from destroyed
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Out of all Trump moments this was unironically THE trump moment.
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you suck. you suck balls. but not good balls. you suck tumor ridden, hairy, smegma coated sweaty balls that hang from the demon of ego. the sweaty, smelly, flabby, toxic demon of ego. you constantly masturbate your bent, small peepee constantly, in order to feel any joy. this peepee of yours is filled with old crusty cm, that you shove back in everytime someone insults you on the internet. fondling your flabby, saggy man boobs, you pleasure yourself to the thought of trolling millions on the internet, something that is so insignificant that you had to convince yourself that it was more important than your well being. youre the kinda guy to rub your pupils with your own semen, to use your saliva as hand sanitizer, to use your snot as your morning coffee. you seemingly forgot what reddits TOS meant, and can get away with it because of your awesome, amazing, well earned power, that totally bears significance over the lives of millions, but unbeknownst to you, no one actually cares. no one cares if youre a reddit mod, because no one wants to be around you in the first place. youre the kinda guy to unironically dip your sweaty cm ridden testicles into sulfiric acid for your my little pony waifu. you probably take shits in your adult diaper and leave the shit to get crusty so you can have a snack for later. you probably abuse your mother, in fact, youve probably abused her into suicide. because not even your mother wants to LIVE in the presence of her own son. you should be ashamed of who you are. youre lucky youre anonymous, because you still have a slight chance at becoming a better person, but i dont see that myself. youve dedicated your life to reddit and are wasting it away. when you look back when you grow old, what will you see? not much, because being on reddit 24/7 is the most boring and repetitive and sad task that anyone can accomplish. you think youre one of the greatest people on reddit, yet you still dont get paid for what is apparently "what youre meant to do." if you were meant to do it, then you would actually be respected, probably get paid, and also actually maybe have a decent life. but youve thrown that all out the window. youd rather be a bigot online, towards people youll never see, because you think its funny. its not. its just really fricking annoying. youre a sad sack, a joke, and an outcast. you actually fricking suck.
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