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The Current Status and Prospects of the Economic Relationship between North Korea and China

Author

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  • Cho, Myoungchul

    (Korea Institute for International Economic Policy)

Abstract

After the socialist market collapse after 1990s, the economic relationship of North Korea and China is becoming closer. It can be proven by the fact that economic relationship between this two countries are transferring from the national trade model to various models such as border trade, agency trade, the illicit trade and investment aid. In this progress, North Korea rely China more than in 1990. But after 1992, the economic relationship is falling from the political priority as before, blind support and assistance based on the nature of the economic benefits to the rapid changes in relationship. This thesis reviewed economic relations in the world environment which has changed. First it analyzed the national economy and trade policies adopted in the current situation of two countries, and on this basis, it looked forward to the economic relationship between the two countries, and point out the measures regarding the relationship between two countries.

Suggested Citation

  • Cho, Myoungchul, 1998. "The Current Status and Prospects of the Economic Relationship between North Korea and China," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 2(2), pages 145-181, June.
    • Handle: RePEc:ris:eaerev:0304
    DOI: 10.11644/KIEP.JEAI.1998.2.2.18
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    Keywords

    Economic Relationship North Korea And China; Socialist Countries;

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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