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IAED: The Future of North Korea’s Economy: Sustain, Collapse, or Transition
Tuesday 17 January 2023
Command economies by nature are vulnerable to forces that may undermine the system and governing regimes. In theory, a partial reform toward marketization can lead to disruption of the central planning function to coordinate the economy. For the DPRK, this is especially true of the monetary system. Informalization of a command economy may also lead to a destabilizing level of corruption and resource inefficiencies. Are these and other forces sufficient to pry open the door for North Korea to undergo a transition experience?