The North Korean Economy: Growing Resource Scarcity May Accelerate State Control Over Markets
North Korea’s marketization process has deepened significantly since Kim Jong Un came to power in late 2011.[1] The effects are…
Articles
NK Economy Column
The North Korean Economy in 2019: Treading but Not Underwater in the New Year
Introduction Although 2019 was not a good year for the North Korean economy, it was also not disastrous. Kim Jong…
The North Korean Economy, November 2019: Kim Jong Un’s Kumgang Statement Signals a Shift in Economic Gears
Introduction On Wednesday, October 23, Kim Jong Un visited the Mt. Kumgang Tourist Region in the southern part of the…
The North Korean Economy, October 2019: Are Sanctions Causing a More Volatile Exchange Rate?
Introduction The stability of North Korean exchange rates has been a longstanding puzzle for economic experts on the DPRK. Even…