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Industrial Policy for North Korea: Lessons from Transition

Author

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  • Paul G. Hare

Abstract

Possible directions of industrial policy for North Korea are developed in this paper, drawing on the experience of the European transition economies and focusing on privatisation and restructuring, new business formation, and export promotion. North Korea at present is largely closed, and its agriculture is over-developed. Through export promotion and other measures of industrial policy the country will be able to raise living standards and greatly improve food security.

Suggested Citation

  • Paul G. Hare, 2007. "Industrial Policy for North Korea: Lessons from Transition," CERT Discussion Papers 0710, Centre for Economic Reform and Transformation, Heriot Watt University.
  • Handle: RePEc:hwe:certdp:0710
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    File URL: http://www2.hw.ac.uk/sml/downloads/cert/wpa/2007/dp0710.pdf
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    More about this item

    Keywords

    North Korea; economic reform; export promotion; industrial policy;

    JEL classification:

    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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