All posts tagged economy

Inflation in North Korea by Marcus Noland

It has been two years since the November 30, 2009 currency reform set off a bout of inflation and contributed to the further devaluing of the North Korean won.   In the aftermath, according to Bank of Korea statistics, the North Korean economy shrank and the FAO-WFP recently put out a …

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Is the North Korean Economy shrinking? by Marcus Noland

According to the South Korean government, the North Korean economy shrank in 2010, marking the second consecutive year of negative growth.  On South Korean reckoning, per capita income

Fishing With Dynamite by Marcus Noland

Victor Cha has argued that North Korea does not commit provocations when engaged; a short paper “Has South Korea’s Engagement Policy Reduced North Korea’s Provocations?,” in the current

Labor market experiences of female North Korean refugees in South Korea by Marcus Noland

Today at the semi-annual Asian Economic Policy Review conference, Kim Byung-yeon presented the preliminary draft of a paper co-authored with Jeon Woo-taek, Jung Seung-ho, and Yu Shi-eun on

Stormtroopers

My former teacher, the late Bela Balassa, once observed that the maintenance of a radically distorted price structure, as existed in his native Hungary during the communist period,

Trust and Engagement by Marcus Noland

Last month we released “Integration in the Absence of Institutions,” a paper based on a survey of 300 Chinese enterprises operating in North Korea.  This week at the

Kim arrives in Russian city to meet Medvedev

North Korean leader Kim Jong-il reportedly arrived in Ulan-Ude early yesterday, an eastern Siberian city in the Buryatiya region where he is expected to meet with Russian President

NKorea opens int’l trade fair at economic zone

North Korea has begun a four-day international trade fair in the country's northeast, where it is building an economic development zone in cooperation with China. North Korea and China

Russians visit North Korea as Kim’s train treks over Siberia

RUSSIAN military officers flew to North Korea yesterday for talks about renewing military ties as North Korean leader Kim Jong Il's armored train rolled through the resource-rich far

In Mongolia, Lee strengthens ties

ULAN BATOR, Mongolia - Leaders of Korea and Mongolia agreed Monday to significantly boost cooperation on energy and other resources and to elevate their relations to a “comprehensive