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Prospects of the inter-Korean economic cooperation and North Korean external trade

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  • Prospects of the inter-Korean economic cooperation and North Korean external trade
  • Hwang, Eui-Gak
  • International Council on Korean Studies


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Title Prospects of the inter-Korean economic cooperation and North Korean external trade
Similar Titles
Material Type Reports
Author(English)

Hwang, Eui-Gak

Publisher

[Washington, DC]:International Council on Korean Studies

Date 2013
Journal Title; Vol./Issue International Journal of Korean Studies:vol. 17(no. 2)
Pages 27
Subject Country North Korea(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding International Council on Korean Studies

Abstract

This article will describe the recent status of the North Korean economy and its external trade as well as the derailed North-South economic interaction. Despite several attempts by North Korea to introduce change involving the term ‘economic reform’, North Korea has not yet advanced during the last thirty years. Its economic deadlocks are owed, first, to its very principles in which economic reform must be permissible only within the set of basic values held by the monoparty about “juche (self-reliant)” socialism. In other words, even partial decentralization is itself being centrally directed and eyed with military-first targets. Second, the North Korean leadership and its supporting elites, the final arbiters deciding how far it is permissible to open its system, are apprehensive that a change in its system would actually lead to the collapse of their established power structure. The fear of reform arbiters regarding a revolutionary bottom-up movement has played a role in inhibiting action.