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Mass privatization and economic reform in North Korea : Towards a hard state approach

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  • Mass privatization and economic reform in North Korea
  • Kim, Junki
  • Seoul National University(Graduate School of Public Administration)


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Title Mass privatization and economic reform in North Korea
Similar Titles
Sub Title

Towards a hard state approach

Material Type Articles
Author(English)

Kim, Junki

Publisher

[Seoul]:Seoul National University(Graduate School of Public Administration)

Date 2001
Journal Title; Vol./Issue Korean Journal of Policy Studies:vol 16(no. 1)
Subject Country North Korea(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding Seoul National University

Abstract

As seen in Eastern European nations and former Soviet Union mass privatization is an intense political process that requires strong leadership from the top as well as bottom-up political support from workers, managers, and the population at large. Given that North Korea's productivity is likely to be in less than that of other former socialist nations, simultaneous restructuring and reform programs are essential. This makes mass privatization all the more critical. The primary goal of mass privatization plan should be to create well-functioning market economy, which is best achieved by selling off SOEs as quickly as possible. Other economic and social concerns should not detract the government. In sum, it is important to establish an economic reform agenda early; otherwise, the window of opportunity available in reforming transition economies might be lost, which will only make the reform process much harder to implement in future date.