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The North Korean Economy: Collapse, Stasis or Reform?

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  • Smith, H.

Abstract

In 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.

Suggested Citation

  • Smith, H., 1997. "The North Korean Economy: Collapse, Stasis or Reform?," Papers 133, Brookings Institution - Working Papers.
  • Handle: RePEc:fth:brooki:133
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    More about this item

    Keywords

    ECONOMIC POLICY ; ECONOMIC REFORM;

    JEL classification:

    • O21 - Economic Development, Innovation, 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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