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

2013

Author : Hyung-Gon Jeong
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.

North Korea's Planned Economy and Marketization

2015-11-10

Author : Yang Mun-su
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

The North Korean Economy

2017-09-04 Business & Economics

Author : Nicholas Eberstadt
Release : 2017-09-04
Genre : Business & Economics
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Book Rating : 265/5 ( reviews)

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Book Synopsis The North Korean Economy by : Nicholas Eberstadt

Download or read book The North Korean Economy written by Nicholas Eberstadt. This book was released on 2017-09-04. Available in PDF, EPUB and Kindle. Book excerpt: Viewed from afar, North Korea may appear bizarre, or positively irrational. But as Nicholas Eberstadt demonstrates in this meticulously researched volume, there is a grim coherence to North Korea's political economy, and a ruthless logic undergirding it--one that unreservedly subordinates economic welfare to augmentation of political power. Thus, paradoxically, even as official policies and practices consign the DPRK economy to a perilous realm between crisis and catastrophe, the country's leadership maintains unchallenged domestic control and has actually managed to increase its international influence.Through painstaking collection of hard-to-uncover data and careful analysis, Eberstadt provides a quantitative tableau of North Korea's terrible failure in its economic race against South Korea; its stubborn adherence to policies all but guaranteed to stifle growth and undermine economic performance; and the longstanding official effort to ignore, or mitigate, pressures for economic reform.Eberstadt is skeptical of optimistic accounts from South Korea and elsewhere suggesting that the North Korean leadership is interested in resolving the current nuclear impasse, and getting on with the business of reform and development. So long as Pyongyang's rulers entertain the ambition of reunifying the Korean peninsula on its own terms, Eberstadt argues, economic reforms worthy of the name will be subversive of state authority--and vigilantly resisted by Pyongyang's rulers. This authoritative volume has received widespread attention from Asian specialists, well as those concerned with nuclear proliferation and world peace, and international relations professionals in general.

State, Society and Markets in North Korea

2021-11-04 Political Science

Author : Andrew Yeo
Release : 2021-11-04
Genre : Political Science
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Book Rating : 428/5 ( reviews)

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Book Synopsis State, Society and Markets in North Korea by : Andrew Yeo

Download or read book State, Society and Markets in North Korea written by Andrew Yeo. This book was released on 2021-11-04. Available in PDF, EPUB and Kindle. Book excerpt: Under Kim Jong-un, North Korea has experienced growing economic markets, an emerging 'nouveau riche,' and modest levels of urban development. To what extent is North Korean politics and society changing? How has the growth of markets transformed state-society relations? This Element evaluates the shifting relationship between state, society, and markets in a deeply authoritarian context. If the regime implements controlled economic measures, extracts rent, and subsumes the market economy into its ideology, the state will likely retain strong authoritarian control. Conversely, if it fails to incorporate markets into its legitimating message, as private actors build informal trust networks, share information, and collude with state bureaucrats, more fundamental changes in state-society relations are in order. By opening the 'black box' of North Korea, this Element reveals how the country manages to teeter forward, and where its domestic future may lie.

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