Economic Reform

Vanadium and Socialism: Rare Earth Prospecting, Politics, and History in North Korea

By | April 28, 2014

Behind every cloud there is a silver lining and behind every developmental story in North Korea there is a narrative from Kim Il-sung. Robert Winstanley-Chesters investigates the pre-history of SRE Minerals’ contemporary Rare-Earth gambit.

A Primer on North Korea’s Economy: An Interview with Andrei Lankov

By | October 11, 2013

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.

Reining in Rent-Seeking: How North Korea Can Survive

By | July 02, 2013

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.

Growth Prospects and the Potential for Progress in the DPRK’s Agricultural Sector: Infrastructure and Incentives

By | June 23, 2013

Matthew Bates completes his discussion with agronomist Tom Morrison on the prospects of food self-sufficiency in North Korea. In the final installment of a three part series, Morrison finishes his discussion of agricultural reforms and delves into a dialogue about the geography of rice and potato production.

Growth Prospects: Tom Morrison on the Potential for Progress in the DPRK’s Agricultural Sector

By | June 16, 2013

Matthew Bates continues his discussion with agronomist Tom Morrison on the prospects of food self-sufficiency in North Korea. In part two of a three part series, Morrison discusses the effectiveness of previous aid and reform efforts and the prospects of further agricultural reform.

6.28 Back on the Docket?: Economic “Improvement” Hints Return

By | May 13, 2013

Is economic change on the way, or was it already here, or is the DPRK government spinning yet another yarn? Christopher Green reports on new rhetorical evidence of “improvement” (개선).

Premier Pak Pong-ju: The Helmsman Looks North

By | May 12, 2013

If the DPRK’s new Premier is indeed seeking economic reform and outside investment, all roads surely lead north, as Adam Cathcart argues.

Yuanization Writ Large: Daily NK Confirms the Rush to RMB

By | April 19, 2013

Christopher Green talks through data points indicating North Korea continues its inexorable slide toward Chinese currency usage.