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Scenarios for a Transition to a Prosperous Market Economy in North Korea

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  • Byung-Yeon Kim
  • Gerard Roland

Abstract

We examine in detail two possible scenarios for a transition to the market economy in North Korea. In the first scenario, we explore a transition path of North Korea to the market economy following a regime collapse. In the second scenario, we explore a transition path that would be chosen by the North Korean leaders, following the experience of China and Vietnam. While these scenarios have common features, they also involve important differences.

Suggested Citation

  • Byung-Yeon Kim & Gerard Roland, 2012. "Scenarios for a Transition to a Prosperous Market Economy in North Korea," International Economic Journal, Taylor & Francis Journals, vol. 26(3), pages 511-539, September.
    • Handle: RePEc:taf:intecj:v:26:y:2012:i:3:p:511-539
    DOI: 10.1080/10168737.2012.707878
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    References listed on IDEAS

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    1. Lawrence J. Lau & Yingyi Qian & Gerard Roland, 2000. "Reform without Losers: An Interpretation of China's Dual-Track Approach to Transition," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 120-143, February.
    2. Burda, Michael C., 1993. "The determinants of East-West German migration: Some first results," European Economic Review, Elsevier, vol. 37(2-3), pages 452-461, April.
    3. Jonathan Morduch, 1999. "The Microfinance Promise," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1569-1614, December.
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