RAS History & PhilologyAsia and Africa Today

  • ISSN (Print) 0321-5075
  • ISSN (Online)2782-2389

THE DPRK ECONOMY: AN INSIDE LOOK

PII
S0321-50750000616-3-1
DOI
10.31857/S50000616-3-1
Publication type
Article
Status
Published
Authors
Volume/ Edition
Volume / Issue №12
Pages
38-45
Abstract
With tightening international economic sanctions, North Korea has to take measures to prepare conditions for sustainable economy relying mostly on internal resources. The study is based on the analysis of official North Korean documents, as well as empirical data collected by the author during an academic trip to Pyongyang in 2017. The article examines the main directions of the DPRK's economic development after the Seventh Congress of the Korean Workers' Party, held in May 2016. The author comes to the conclusion that, given the limited possibilities for using external resources, the DPRK leadership is trying to stake on scientific and technological progress and mobilization of citizens' private initiative limited by the scope of the socialist property system.
Keywords
DPRK, economy, economic policy, economic development strategy, import substitution, sanctions
Date of publication
01.12.2017
Number of purchasers
4
Views
1428

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