Read the case study at the end of the assignment (page 5) and answer the following questions:
QUESTION 1 [20 MARKS]
From the case study, it would appear Park Jeehee seemed skeptical about setting up his shop in the
Kaesong Industrial Complex (KIC).
Identify and critically discuss the key economic factors from the case study that Park Jeehee may
have considered when setting up his shop in KIC. Substantiate your answer with arguments from
credible academic sources.
QUESTION 2 [25 MARKS]
“Two days before her visit, Park had gotten a call from an old college friend who now worked for a
human rights group in London. The picture he painted of Kaesong was grim. The wages earned by
North Korean KIC workers were paid to the government, which supposedly distributed some of the
money to them—but it was impossible to know how much.”
With reference to the statement above, critically discuss the main attributes of the labour market
exhibited by the small manufacturing community at KIC, highlighting its key developmental
QUESTION 3 [30 MARKS]
Most governments around the world use various economic tools to come up with the relevant public
policies on projects such as the one Park Jeehee was intending to undertake in KIC for financial,
socio-economic and environmental reasons.
Critically evaluate and discuss any SIX analysis tools the government of North Korea can use to
analyse and determine the benefits of setting up Park Jeehee’s shop in KIC. Support your
arguments with information provided in the case study as well as from other credible academic