April 14, 2024

Why a North Korean Deng Xiaoping should not be expected

North Korean economy developing slowly, sweeping reforms unlikely needed for continuation of trend

Over the last few years after Kim Jong Un came to power, especially in the initial period, the expectations had been high that North Korean authorities, while keeping and even enhancing a rigid political system, may embark on the course of “economic experiments”.

That would have meant finally admitting the increasingly non-command character of the economic order, which had emerged since the 1990s. 70 percent of household income after all, is said to be derived from market activities.

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