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The present and future prospects of the North Korean economy

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Title The present and future prospects of the North Korean economy
Similar Titles
Material Type Reports
Author(English)

Cho, Myung Chul; Zang, Hyoungsoo

Publisher

[Seoul]:Korea Institute for International Economic Policy

Date 1999
Series Title; No KIEP Working Paper / 99-07
ISBN 89-322-4050-7
Pages 66
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Holding KIEP; KDI School

Abstract

Confronted with economic difficulties and no alternative options for rehabilitating the economy without international help, North Korea seems to be inclining toward greater openness to South Korea and the U.S. There are increasing signs that North Korea's relationship with the US and Japan, both political and economic, is likely to improve rather than to deteriorate as long as the political regime of North Korea remains stable. On the other hand, South Korea and the U.S. seem to be moving toward broader ranged assistance to North Korea. In the short term, there seems to be little chance for North Korea to undertake wide-ranging reforms, but it is also unlikely that the North Korean regime will collapse. (The rest omitted)