How much has North Korea's economy really changed? | NK News
July 25, 2024

How much has North Korea’s economy really changed?

A new book challenges the narrative that marketization in the DPRK is a "bottom-up" phenomena

This is a book review of Philip H. Park's Rebuilding North Korea’s Economy: Politics and Policy. 2016. Seoul: Institute for Far Eastern Studies at Kyungnam University.

North Korea’s economic system has changed under Kim Jong Un. Under the young leader's tenure, North Korean officials have openly touted systemic changes such as the “Our-style economic management method” (우리 식의 경제관리방법), under which enterprises (including agricultural ones) take independent responsibility for production planning, and, accordingly, receive a greater share of enterprise profits. Some have hoped that such changes spell out the beginning of liberalization by another name.

Become a member for less
than $5.75 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.