NK News – North Korea News
21st May 2013
 

The credible commitment problem of economic reforms, by NK Econ Watch

The credible commitment problem of economic reforms, by NK Econ Watch

We have all been watching whether the DPRK will implement economic policy adjustments that strengthen material incentives to farmers, workers and enterprise managers to increase production. I have cataloged many of these stories/articles/observations here.
Today the Daily NK offers a scenario as to why the DPRK has not implemented more generous agricultural production incentives:
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