The study of the Koreas problematizes and refines our understanding of "neoliberalism" as it draws the stark differences between capitalism and communism.
Neoliberalism encompasses market-oriented reform policies through privatization and austerity measures, including:
While North Korea epitomizes communism with its citizens' deprivations and lack of economic prosperity, the South showcases the benefits arising from capitalism, including:
Thus, the study of the Koreas problematizes and refines our understanding of "neoliberalism" as it draws the stark differences between capitalism and communism.
Learn more about capitalism and communism at https://brainly.com/question/12179941
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