What future investors in the DPRK can learn from China’s reform and opening
Potential opportunities exist, but historical precedent shows risks of expropriation and corruption
China’s reform and opening paid dividends for many of those involved—the nation’s economy benefited, as did China’s investors and trading partners. The GDP growth and investment boom which accompanied reform and opening also led to higher wages and living standards for hundreds of millions of Chinese individuals.
Many investments were not without problems, however, and while a dynamic North Korean economy would be enticing to multinationals, China’s experience demonstrates that there are several potential pitfalls.
Key sectors for investment
If North Korea were to pursue a similar mode
- 01Expanding Japan-linked mall, online shop in Pyongyang targets “modern tastes”
- 02Why mum? Explaining North Korea’s continued silence on foreign policy
- 03North Korean official claims about child nutrition: what the data shows
- 04North Korea moves to prevent the spread of coronavirus: what we know so far
- 05Timeline: from the “head-on breakthrough battle” policy to the novel coronavirus
- 06North Korea in January 2020: a month in review and what’s ahead
- 07How foreign media is changing the ways North Koreans view the outside world
- 08What to expect at a potential North Korean military parade next month