Posts Tagged ‘North Korean marketization’

After the Collapse: The Formalization of Market Structures in North Korea, 1994-2010

By | June 09, 2014

With the collapse of the state-run distribution service in North Korea, market trading, selling, and buying became a means of survival. What started then is now an integral and formalized part of economic and social life. Peter Ward’s second review concerns Joung Eun-lee’s article on market development in North Korea from the early 1990s to the present.

Before the Collapse: The Micro-foundations of Marketization in North Korea

By | May 27, 2014

Much Korean-language research about North Korea goes unread in the English-speaking world. In an effort to bridge the divide and make us all whole, Peter Ward embarks on a series of review essays dealing with key Korean research into marketization. The first piece looks at the surprising role of markets in the Kim Il-sung period.