North Korea’s five-year strategy set outlandish targets for economic growth
Officials aimed for 79% growth in some sectors, but the country’s own data shows it fell far short of this goal
The following article is the second in a two-part series examining North Korea’s Five-year Economic Strategy — what it reveals about the country’s economy, why the strategy failed and how the government needs to learn from its mistakes. Part I is available here.
North Korea is now facing one of the worst economic crises in recent memory due in large part to the country’s self-imposed COVID-19 border closure and international sanctions targeting its nuclear and missile programs.
The current situation spotlights just how far the DRPK has fallen short of eye-popping goals for
- 01After military parade, Kim Jong Un takes another two-week break from public view
- 02The contentious field of North Korean studies: Schools of thought and divisions
- 03NK Pro briefing: Why satellite imagery plays a critical role in DPRK research
- 04North Korean disinfection zone still not operating despite activity: imagery
- 05North Korea’s new train-launched missiles are impressive, but not a game-changer
- 06With foreign minister’s visit, China seeks to coax Seoul away from US
- 07South Korea’s new SLBMs are a signal to North Korea and the United States
- 08North Korean company may have acquired superalloy used in nukes, missiles: PoE