Peter Ward is a writer and researcher focusing on the North Korean economy, as well as a PhD candidate at the University of Vienna.
The DPRK has experienced a supply shock in its food and fuel markets, with greater impact likely further down the line
Data suggests remarkable improvement since the late 1990s, despite stagnant levels of food supply per capita
Market data indicates food prices remain low and stable, could support DPRK leadership's claims
Concrete details were thin on the ground, though the state's new "Prospective Goals" are worth watching
Since 2013, 'three-and-a-half' rates, including a previously illegal market exchange rate, have entered into use
Relatively unimportant before marketization, the Central Bank's rise reflects the increasing power of money in the DPRK
Recent revisions to Foreign Trade Act point to a rollback of key planks in the Kim Jong Un-era reform agenda
Data reveals the wider impact of an effective oil embargo in late 2017
Trends indicate fuel prices remain relatively stable and only loosely linked to global prices
DPRK policymakers have a range of ways to expand opportunities for the entrepreneurial class
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