Kim Jong Un sets ambitious economic goals but has no real plan to achieve them
In latest speech, North Korean leader doubles down on decades-old proposals that have failed to fix incentive problems
Kim Jong Un’s lengthy speech to the Supreme People’s Assembly (SPA), while grabbing headlines for his statement that North Korea will “never give up” nuclear weapons, also featured important announcements on the country’s economy.
Notably, the DPRK leader set out the country’s economic agenda for the coming two years as part of the five-year plan launched in 2021, providing updates on the economy and the direction of growth and investment in the coming years.
An NK Pro analysis of the speech indicates:North Korea has set ambitious-looking targets for economic growth
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