February 25, 2024
Expert Surveys

Will Kim Jong Un ever deliver economic success in North Korea?

Will North Korea's economy ever make significant improvements?

Long regarded as the economic basket case of Northeast Asia, since Kim Jong Un's accession to power there have been increasing signs that Pyongyang may now be serious about much needed economic reforms.

From announcing the creation of 20 new special economic zones, reforming foreign investment rules, and improving rules and salaries for farmers and workers, numerous developments since early 2012 have indicated that North Korean policy-makers are increasingly eager to experiment with capitalist approaches.