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Unveiling the North Korean Economy

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  • Kim,Byung-Yeon

Abstract

North Korea is one of the most closed and secretive societies in the world. Despite a high level of interest from the outside world, we have very little detailed information about how the country functions economically. In this valuable book for both the academic and policy-making circles, Byung-Yeon Kim offers the most comprehensive and systematic analysis of the present day North Korean economy in the context of economic systems and transition economics. It addresses what is really happening in the North Korean economy, why it has previously failed, and how the country can make the transition to a market economy. It takes advantage not only of carefully reconstructed macro data but also rich, new data at the micro level, such as quantitative surveys of North Korean refugees settled in South Korea, and the surveys of Chinese companies that interact heavily with North Korea.

Suggested Citation

  • Kim,Byung-Yeon, 2017. "Unveiling the North Korean Economy," Cambridge Books, Cambridge University Press, number 9781107183797.
    • Handle: RePEc:cup:cbooks:9781107183797
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    Cited by:

    1. Choi, Syngjoo & Kim, Byung-Yeon & Lee, Jungmin & Lee, Sokbae, 2020. "A tale of two Koreas: Property rights and fairness," Journal of Economic Behavior & Organization, Elsevier, vol. 170(C), pages 112-130.
    2. Sungmin Cho, 2020. "Why North Korea Could Not Implement the Chinese Style Reform and Opening? The Internal Contradiction Between Economic Reform and Political Stability," Journal of Asian Security and International Affairs, , vol. 7(3), pages 305-324, December.
    3. Duol Kim, 2021. "The great divergence on the Korean peninsula (1910–2020)," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 61(3), pages 318-341, November.
    4. Syngjoo Choi & Byung-Yeon Kim & Jungmin Lee & Sokbae Lee, 2021. "Why North Korean Refugees are Reluctant to Compete: The Roles of Cognitive Ability," Papers 2108.08097, arXiv.org, revised Aug 2023.
    5. Jai S. Mah, 2021. "The Sino‐North Korea international economic relationship and the economic development of North Korea," The World Economy, Wiley Blackwell, vol. 44(2), pages 586-600, February.
    6. Syngjoo Choi & Byung-Yeon Kim & Jungmin Lee & Sokbae Lee, 2020. "Institutions, Competitiveness and Cognitive Ability," Working Paper Series no134, Institute of Economic Research, Seoul National University.
    7. Soohyon Kim & Wook Sohn & Changyong Choi, 2020. "The North Korean Economy: Sustainable or Muddling-Through?," Sustainability, MDPI, vol. 12(20), pages 1-23, October.
    8. Kim, Kyoochul, 2022. "The North Korean economy seen by satellite: Estimates of national performance, regional gaps based on nighttime light," Journal of Asian Economics, Elsevier, vol. 78(C).
    9. Kim, Byung-Yeon & Lee, Suk, 2021. "North Korea's GDP: Features and issues," Dialogue on the North Korea Economy May 2021, Korea Development Institute (KDI).

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