We study economic reforms of Eastern European countries in the 1960s and 1970s in order to understand the fundamental nature of new economic measures North Korea has introduced since July 2002 and to draw implications for future direction of North Korean economic policies.
Although they show differences in backgrounds, specific policies, and processes of reform, we can also find several similarities. First, economic difficulties played a major role for enforcing economic reform. Second, all the Eastern European countries tries to enhance efficiencies in price, wage and incentive, and economic management systems. Third, the purpose of reform was to improve efficiencies within the planned economic system, but not to reform the economic system itself.
The implications of economic reforms of Eastern European countries for North Korea can be summarized as follows. First, economic growth does not necessarily accelerate economic reform. (The rest omitted)
북한 경제정책의 변화 전망과 남북경협의 역할(The changes of the North Korean economic policies and the role of inter-Korean economic cooperation)
|Series Title; No||연구보고서|
|Subject Country||North Korea(Asia and Pacific)
South Korea(Asia and Pacific)
|Subject||Economy < Economic Administration|
|Holding||KDI; KDI School|