North Korea: Building the Institutions to Raise Living Standards
AbstractThis paper examines the nature of the economic failure that has brought North Korea such low living standards, and considers how the economic system might be reformed to facilitate a return to overall growth in both aggregate income (GDP) and general living standards. The focus is on institutional aspects of the needed reforms, emphasising the importance of building on existing institutions and practices wherever possible, rather than starting from scratch from a tabula rasa . Food supplies, the large military establishment, and the astonishing failure to adapt to the trade shock resulting from the collapse of the USSR are reviewed in detail, and potential lessons are explored from EU enlargement, German reunification and the very messy Russian transition. In proposing reforms, the paper is pragmatic and flexible, prioritising measures to improve food supplies while also emphasising a wide range of local, experimental and decentralised reforms that surely have greater chance of success than a top-down approach.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal International Economic Journal.
Volume (Year): 26 (2012)
Issue (Month): 3 (September)
Contact details of provider:
Web page: http://www.tandfonline.com/RIEJ20
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stephan Haggard & Marcus Noland, 2010. "The Winter of Their Discontent: Pyongyang Attacks the Market," Policy Briefs PB10-1, Peterson Institute for International Economics.
- Stephan Haggard & Marcus Noland, 2008.
"Famine in North Korea Redux?,"
Economics Study Area Working Papers
97, East-West Center, Economics Study Area.
- Marcus Noland & Sherman Robinson & Li-Gang Liu, 1997.
"The Economics of Korean Unification,"
Working Paper Series
WP97-5, Peterson Institute for International Economics.
- Sinn, Hans-Werner, 2002.
"Germany's Economic Unification: An Assessment after Ten Years,"
Review of International Economics,
Wiley Blackwell, vol. 10(1), pages 113-28, February.
- Sinn, Hans-Werner, 2002. "Germany’s Economic Unification: An Assessment after Ten Years," Munich Reprints in Economics 19643, University of Munich, Department of Economics.
- Hans-Werner Sinn, 2000. "Germany's Economic Unification: An Assessment after Ten Years," NBER Working Papers 7586, National Bureau of Economic Research, Inc.
- Hans-Werner Sinn, 2000. "Germany's Economic Unification. An Assessment after Ten Years," CESifo Working Paper Series 247, CESifo Group Munich.
- Michael Funke & Holger Strulik, 2005.
"Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification,"
Quantitative Macroeconomics Working Papers
20505, Hamburg University, Department of Economics.
- Funke, Michael & Strulik, Holger, 2005. "Growth and convergence in a two-region model: The hypothetical case of Korean unification," Journal of Asian Economics, Elsevier, vol. 16(2), pages 255-279, April.
- Michael Funke & Holger Strulik, 2003. "Growth and Convergence in a Two-region Moddel: The Hypothetical Case of Korean Unification," Working Papers 212003, Hong Kong Institute for Monetary Research.
- Andrei Shleifer & Daniel Treisman, 2005. "A Normal Country: Russia After Communism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 151-174, Winter.
- Marcus Noland, 2000. "Avoiding the Apocalypse: The Future of the Two Koreas," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 94.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.