After suffering major blows, North Korea will reluctantly lean on China in 2021
The COVID-19 pandemic appears to have accelerated North Korea’s crackdown on market activities
When it comes to the economy, North Korea just suffered a devastating and historic year. Like much of the rest of the world, the country’s domestic market was crushed by lockdowns and quarantine measures, and external trade relations went cold.
These shocks to the economy are no doubt at least partially self-inflicted. In 2020, the North Korean government made the tough choice to prioritize the literal vitality of its people over their economic well being or quality of life — a choice that many other countries had to make.
However, North Korea was already facing a
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- 02North Korea’s economy is in a state of catastrophe, but the issue is decades-old
- 03Kim Jong Un’s right-hand man may be leading a new North Korean security council
- 04Japan’s back in the North Korea game, but it faces nearly impossible challenges
- 05Open for business? North Korea can learn a lot from Cuba’s economic reforms
- 06North Korea is fighting to take back control of its economy from the markets
- 07Kim Yo Jong found her own voice, but she’s far from taking North Korea’s throne
- 08North Korea’s tumbling economy hasn’t stopped Kim Jong Un from making more nukes