Thursday, February 11, 2010


According to this article:
North Korean craftsmen have completed a giant bronze monument named "African Renaissance" on a hill near Dakar International Airport in Senegal.
At 50 m in height, the monstrosity is taller than the Statue of Liberty in New York and represents a heroic couple apparently about to launch their child into the sky.

I suppose one can't really blame P'y├┤ngyang for exploiting a North Korean comparative advantage in monument building. Nor can one really be surprised at how the DPRK was remunerated for its pains:
The cost of construction was reported at US$25 million, but experts estimate it would have been nearer $70 million. The Senegalese president told the WSJ that he had "no budget for the African Renaissance, so instead offered a prime chunk of state-owned land in exchange, which North Korea has since resold at a large profit."

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