North Korean Capitalism
The purge of Jang Sung-taek has provided the world with a fresh layer of Korean peninsula intrigue, and yet more questions about the nature of Kimist dominance in the era of Jong-un. As the Twittersphere flutters, Nick Miller weighs in. Additional content from Christopher Green.
In the modern era of North Korean marketization, the scope and substance of the North Korean economy are hard to establish. Nevertheless, in this new interview with Peter Ward, Professor Andrei Lankov of Kookmin University does his best to describe the current state of affairs.
The Chinese Communist Party finds itself vexed by North Korea. Two Sino-NK analysts delve into Beijing’s policy choices in presentations at premiere London think tanks.
Peter Ward proposes that the North Korean regime can reconcile the seemingly contradictory concepts of “state rule” and “market economy” by reining in rent-seeking from low- and mid-level bureaucrats and harnessing the power of the markets.
Andrei Lankov takes issue with the idea that North Korea has a command economy, and explains the myriad ways private capital reproduces itself in the dog-eat-dog world of modern business north of the 38th parallel.
If the DPRK’s new Premier is indeed seeking economic reform and outside investment, all roads surely lead north, as Adam Cathcart argues.
Are dozens of Chinese capitalists really camping out in Pyongyang, trying to get their money back? Adam Cathcart translates and goes back to the future to find out.