How the Chinese economy is becoming more and more like North Korea’s
As Beijing turns less capitalist and market-friendly, it grows more unlikely the DPRK will embrace true economic reforms
Believers in engagement with North Korea often point to China’s dramatic socioeconomic development over the past 40 years as a model that Pyongyang can follow.
By boosting incentives to farmers through de-collectivization, encouraging private firms and targeting foreign markets, the DPRK too could open and transform its economy through foreign investment and large-scale public investment in education and infrastructure.
But for various reasons, Kim Jong Un has not embraced a version of socialism with North Korean characteristics. Instead, the way his state works at both the local and national levels emulates the worst aspects of
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