North Korean woman selling ginseng in a shop, Sept. 2011 | Image: NK News
Despite its officially socialist orientation, North Korea is a country defined by thriving markets, and the private economy now predominantly satisfies the population's consumption needs.
Of course, this was not always the case. It’s relatively well-known that the DPRK’s market revolution triumphed in the mid-1990s, as North Koreans facing the collapse of the state distribution system and widespread famine turned to markets for food and other necessities.
Despite its officially socialist orientation, North Korea is a country defined by thriving markets, and the private economy now predominantly satisfies the population's consumption needs.
Of course, this was not always the case. It’s relatively well-known that the DPRK’s market revolution triumphed in the mid-1990s, as North Koreans facing the collapse of the state distribution system and widespread famine turned to markets for food and other necessities.
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Andrei Lankov is a Director at NK News and writes exclusively for the site as one of the world's leading authorities on North Korea. A graduate of Leningrad State University, he attended Pyongyang's Kim Il Sung University from 1984-5 - an experience you can read about here. In addition to his writing, he is also a Professor at Kookmin University.