Back to the future: Kim puts North Korea’s economy on a backwards path
The DPRK leader's speech at the recent plenum indicates the country may become even more insular to withstand sanctions
In an amazingly frank assessment during a landmark policy speech, North Korean leader Kim Jong Un acknowledged shortcomings in the country’s economic structure and urged the need for change.
Indeed, one of the first major sections of Kim’s remarks during 5th Plenary Meeting of the 7th Central Committee of the Workers’ Party is devoted to economics, consuming about 2.5 pages out of 11. The first decision of the draft resolution articulates the need to “rearrange the economic foundation of the country.” Does this mean that economic reform and liberalization will be coming to Pyongyang?
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