The North Korean Economy: Collapse, Stasis or Reform?
AbstractIn this first paper, I focus on the question which has been subject to considerable recent debate, namely whether collapse of North Korea is imminent. In accessing this question the paper discusses the three structural bottlenecks now thought to be severely constraining the North Korean economy following a series of external shocks in the late 1980s, food shortages, energy constraints and a limited capacity to earn foreign exchange. Much speculation has focused on the deterioration in the food economy and that a prolongation of current food shortages will see North Korea collapse.
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Bibliographic InfoPaper provided by Brookings Institution - Working Papers in its series Papers with number 133.
Length: 64 pages
Date of creation: 1997
Date of revision:
ECONOMIC POLICY ; ECONOMIC REFORM;
Find related papers by JEL classification:
- O21 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
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