| ID | 086463 |
| Title Proper | Political economy of economic reform in North Korea |
| Language | ENG |
| Author | Park, Yong Soo |
| Publication | 2008. |
| Summary / Abstract (Note) | Over the past decade, North Korea has been undergoing a severe economic crisis, resulting in extreme food shortages, and this has inflicted great suffering upon the North Korean people. Given such dire realities in the country, it is beyond all doubt that the North Korean government must carry out comprehensive economic reforms as quickly as possible, in order to transform North Korea's present inefficient socialist planned economic system into a market economy. Many, including myself, are of the view that economic reform would certainly lead to successful economic growth in North Korea, and this would in turn enhance the legitimacy of the North Korean regime itself. Nonetheless, the regime has consistently avoided carrying out economic reform, despite being presented with many good opportunities to succeed in doing so. The July First reforms of 2002 have been half-heartedly and inconsistently applied. This then raises a simple, but very important, question: Why has the North Korean government consistently avoided adopting comprehensive economic reforms? The present study pinpoints North Korea's unique monolithic system of political control and policymaking, which has the highest level of power concentration in one individual of all political systems, as the biggest barrier to economic reform. Despite the dire need for reform, the current North Korean regime has avoided it for fear of undermining this monolithic system. |
| `In' analytical Note | Issues and Studies Vol. 44, No. 4; Dec 2008: p.201-226 |
| Journal Source | Issues and Studies Vol. 44, No. 4; Dec 2008: p.201-226 |
| Key Words | North Korea ; Economic Reform ; The July First Economic Management Improvement Measures ; Monolithic System ; Juche (independent stand) ; Suryong (leader) ; Kim Jong Il ; Market Economy ; Policymaking |