February 22, 2020

N. Korea’s quiet market reforms
Pyongyang continues to carry out small-scale changes, but good luck finding official statements on them
Not everybody would agree, but it seems increasingly likely that Kim Jong Un and his administration (whatever that means) are executing a careful set of market-oriented reforms. These reforms bear some similarities to what the Chinese leadership did in the 1970s, though they are significantly less radical in many regards.Starting from 2012, the government began to switch North Korean