Dizzy with success: North Korea's ambitious, and troubled, first five year plan



Features Dizzy with success: North Korea’s ambitious, and troubled, first five year plan The DPRK's first experience with long-term economic planning produced mixed results Natalia Matveeva May 27, 2019 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Flickr user yeowatzup This article is the second in a series by Natalia Matveeva on North Korea’s early economic history. Read part one here. In 1956, North Korea’s three-year plan (1954-1956) for the reconstruction and development of the national economy was declared successfully fulfilled. Since the DPRK already had experience in carrying out one-and three-year plans, it was decided to try planning for a longer period and, like in the USSR, draw up a plan for five years. The five-year plan (1957-1961), which was to deal with actual development rather than post-war reconstruction, was the first of its kind in DPRK history and © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by Trending

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Dizzy with success: North Korea’s ambitious, and troubled, first five year plan

The DPRK's first experience with long-term economic planning produced mixed results

Natalia Matveeva May 27, 2019

Dizzy with success: North Korea’s ambitious, and troubled, first five year plan

Flickr user yeowatzup

This article is the second in a series by Natalia Matveeva on North Korea’s early economic history. Read part one here.

In 1956, North Korea’s three-year plan (1954-1956) for the reconstruction and development of the national economy was declared successfully fulfilled. Since the DPRK already had experience in carrying out one-and three-year plans, it was decided to try planning for a longer period and, like in the USSR, draw up a plan for five years.

The five-year plan (1957-1961), which was to deal with actual development rather than post-war reconstruction, was the first of its kind in DPRK history and

Dizzy with success: North Korea’s ambitious, and troubled, first five year plan

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