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Towards a political analysis of markets in North Korea

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  • Towards a political analysis of markets in North Korea
  • Park, Hyeong Jung
  • Seoul National University(Center for Social Sciences)


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Title Towards a political analysis of markets in North Korea
Similar Titles
Material Type Articles
Author(English)

Park, Hyeong Jung

Publisher

[Seoul]:Seoul National University(Center for Social Sciences)

Date 2013
Journal Title; Vol./Issue Seoul National University(Center for Social Sciences):vol. 3(no. 2)
Subject Country North Korea(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Holding Seoul National University

Abstract

There are two ways to analyze the market in North Korea. Economic analyses comprise the study of marketization from below, the dual economy (formal and informal), and market expansion as threat to the planned system and the regime. In contrast, political analyses are concerned with the economic structure as a reflection of the distribution of political power. These two approaches to analysis of market in North Korea are compared. In contrast to the economic analysis, the political analysis asserts the following: Market expansion has been boosted by trading companies run by powerful military and party organizations and the cabinet, and has contributed to regime maintenance and the regime’s grip on the economy; The state intervened regularly in the process of market expansion and shaped the latter in favor of rent extraction; With market expansion, the North Korean economy can be characterized as a hybrid of state and market.

User Note

Translated from the article published in Korean Political Science Review, Vol. 46, No.5 (2012), with permission from the Korean Political Science Association.