North Korea’s changing economy: the view from the markets
Amid a wider crackdown on private activity, it appears there is ongoing discussion on the role of markets in the country
This is part two of a multi-part series by Peter Ward on North Korea’s changing economic policy and a potential shift away from market reforms. Read part one here.
The North Korean economy is at a crossroads. As we saw in part one, there are signs that external economic relations are in a period of mild retrenchment, with social trends identified by NK Pro late last year (so-called hyper-securitization) combining with a partial re-centralization of foreign trade and bleak immediate prospects for foreign investment.
In the domestic urban economy, there is a notable trend
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- 02Timeline: from Kim Jong Un’s reappearance to an exchange of gunfire at the DMZ
- 03North Korea in May 2020: a month in review and what’s ahead
- 04Schrödinger’s sanctions: South Korea plays down the May 24th Measures
- 05Is North Korea privatizing its housing supply? In Rason, partially, yes
- 06At North Korean military meeting, nuclear and personnel issues take precedence
- 07North Korea’s military meets: a renewed focus on nuclear command and control
- 08Fail to prepare, prepare to fail: getting ready for instability in North Korea