VoxDev 32d ago

How can you study North Korea's economy when the government treats even basic statistics like state secrets? The short answer: you make the most of what you've got. For decades, economists have devised a number of sneaky ways of estimating GDP when no realiable data exists, combining satellite imagery, information on the prices of local goods 'smuggled' out via cell phones, and even defector testimony – all to paint a picture of the world's most secretive economy. Want to know more? Read the full article "North Korea's economy: The study of economic black holes" on VoxDev #economics #northkorea #todayilearned