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North Korea's Planned Economy and Marketization

2015-11-10
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Release : 2015-11-10
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Book Synopsis North Korea's Planned Economy and Marketization by : Yang Mun-su

Download or read book North Korea's Planned Economy and Marketization written by Yang Mun-su . This book was released on 2015-11-10. Available in PDF, EPUB and Kindle. Book excerpt: CHAPTER 1: Conventional Planned Economy 1. Framework of a Planned Economy 2. Taean Work System & Unified and Detailed Planning 3. System for Distribution of Food Rations and Other Necessities CHAPTER 2: Planned Economy after the Economic Crisis 1. Contraction and Weakening of the Planned Economy 2. Generalization of Direct Control by the Supreme Leader 3. Collapse of the Ration Distribution System CHAPTER 3: Development of North Korea’s Market ization 1. Conceptual Framework 2. Economic Crisis of the 1990s and the Arduous March 3. After the July 1 Economic Management Improvement Measures 4. Since the Latter Half of the 2000s: Between Restriction and Tolerance of Markets CHAPTER 4: Development, Status, and Structure of North Korea’s Marketization 1. Foreign Dependency of Marketization 2. Rise of Monopolies and Oligopolies & Wealth Disparity due to Collusion Between Government and Businesses 3. Prolonged Marketization and Its Establishment 4. Evaluation of Marketization CHAPTER 5: Characteristics of North Korea’s Dual Economic Structure 1. Dual Economic Structure with Ambiguous Boundaries 2. Coexistence of the Planned and Market Economies 3. Supplementary and Conflicting Relations Between the Planned and Market Economies 4. The North Korean Government’s Dilemma CHAPTER 6: Future of North Korea’s Dual Economic Structure 1. Elements that Spread and Restrain Marketization in North Korea 2. Future Prospects for Marketization in North Korea

North Korea's Planned Economy and Marketization

2015 Korea (North)
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Release : 2015
Genre : Korea (North)
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Book Synopsis North Korea's Planned Economy and Marketization by : Mun-su Yang

Download or read book North Korea's Planned Economy and Marketization written by Mun-su Yang. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt:

The Current Situation of Marketization in North Korea and Prospects for Change of Its Economic System

2013
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Release : 2013
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Book Synopsis The Current Situation of Marketization in North Korea and Prospects for Change of Its Economic System by : Hyung-Gon Jeong

Download or read book The Current Situation of Marketization in North Korea and Prospects for Change of Its Economic System written by Hyung-Gon Jeong. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: The changes taking place in North Korea's political, military, and economic aspects since Kim Jong-un inherited power, are drawing the world's attention. In particular, as the Kim Jong-un regime places greater importance on the economy, there is a growing international interest as to whether the new economic measures will bring about positive changes in North Korea. Current policies of the North bear many startling resemblances to the reform policies of former socialist countries. At present, the time might not yet be ripe for predicting North Korea's full transition to a market economy. However, the Stalinist state has been placed in an abnormal situation where a planned economy and markets coexist in the country. As it is not likely that the socialist-planned economy would prosper in such a situation, for North Korea, the transition to a market economy is almost inevitable.This report studies the marketization of North Korea and seeks to forecast the possibility of change in its economic system in commemoration of the advent of the new Kim Jong-un regime as well as the tenth anniversary of the “July 1st Economic Reform Measures” in 2012. The advances in marketization are likely to result in the weakening of the state control of North Korean authorities. In addition, the spread of markets suggests the high possibility of transition to a market economy, which occurred previously in socialist states in Eastern Europe and China.

Unveiling the North Korean Economy

2017-06-08 Business & Economics
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Release : 2017-06-08
Genre : Business & Economics
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Book Rating : 790/5 ( reviews)

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Book Synopsis Unveiling the North Korean Economy by : Byung-Yeon Kim

Download or read book Unveiling the North Korean Economy written by Byung-Yeon Kim. This book was released on 2017-06-08. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, systematic analysis of the North Korean economy, exposing its hidden workings through quantitative data analysis and surveys.

Fiscal Segmentation and Economic Changes in North Korea

2014-10-29 Economic development
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Release : 2014-10-29
Genre : Economic development
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Book Rating : 650/5 ( reviews)

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Book Synopsis Fiscal Segmentation and Economic Changes in North Korea by : Park Hyeong Jung, Choi Sahyun

Download or read book Fiscal Segmentation and Economic Changes in North Korea written by Park Hyeong Jung, Choi Sahyun. This book was released on 2014-10-29. Available in PDF, EPUB and Kindle. Book excerpt: The history of North Korea's fiscal segmentation can be categorized largely into four periods headed by different entities. First, between 1953 and 1972, Kim Il-sung created special budget to maintain political power. Second, from 1972 to 1984, Kim Jong-il gave birth to suryong economy to consolidate hereditary power succession. Third, from 1985 to 1994, party-state agencies began foreign currency earning activites. Finally, from 1995 to the present, in addition to the suryong economyand major party-state bodies, the foreign currency earning activities of party-state bodies for off-budget revenue have been gereralized and become the backbone of North Korean party-state bodies' budget system. This paper addresses the process of fiscal segmentation from the second period onwards. 1.Fiscal Segmentation in North Korea 2.1972－1984: Advent of Suryong Economy and the Expansion of the Market A. The Rise of Suryong Economy B. Economic Hardship and the Expansion of the Market C.The Monopoly of Foreign Currency Earnings by the Party Center D. The Decay of the Planned-Economy 3.1985－1995: Surge in Foreign Currency Earning Activities of Major Party-state Agencies A. Expansion of Foreign Currency Earning Agencies B. The Generalization of Foreign Currency Earning Activities of the Party-State Agencies in the Early 1990s 4.Post 1995: ‘Songun (Military First)’ Policy and the Expansion of the Market A. The Generalization of Public Agencies’ Foreign Currency Earning B. Kim Jong-il’s Style of Economic Management C. Agents of the Private Economy Strengthened 5. Summary and Conclusion

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