North Korean Economic Reform: New Changes or Old, Empty Promises?
Sangsoo Lee and Stefano Facchinetti
In June, North Korean authorities announced agricultural reforms called the “6.28 policy,” which promises to recalculate the ratio of distributed planned products (70 percent to the country, 30 percent to farm workers) and downsize basic farm units from 10-25 people to 4-6 people. The regime’s declared purpose is to ease the current economic crisis and improve the people’s standard of living. Details about reforms, however, remain unclear as well as the underlying motivations and, of course, their possible outcomes.
Related Publications
-
Understanding North Korea’s Resilience through Economy, Laws and Governance: a review of introductory sources and essential monographs
This article reviews contributions that may help researchers re-evaluate the question of the North Korea’s remarkable resilience in spite of its undeniable economic failure, a seemingly obscure legal system, and […]
-
China in Eurasia: Revisiting BRI amidst the Russia-Ukraine Crisis
This paper discusses China’s trade and connectivity plans under the Belt and Road Initiative (BRI) in the Eurasian region and the impact of the Russian invasion of Ukraine on Chinese […]
-
EU-Japan-Taiwan Cooperation: Building a Blue Supply Chain
The COVID-19 pandemic, the escalating trade war between the United States and China, and Russia’s invasion of Ukraine have exposed vulnerabilities and weaknesses in the global China-centric economic supply chain […]
-
European Economic Self-defense in the Face of Authoritarianism
Economic coercion by states has always been present in one form or the other, but the challenges have escalated to an unprecedented level in today’s globalized economy. Most notably, as […]
-
Kenya and the Indo-Pacific: The Rationale for an “Outlook” and Why Kenya (and East Africa) Matters
This issue brief argues that Kenya should carefully consider promulgating an Indo-Pacific outlook given the seismic shifts in global distributions of power and the resulting great power rivalry. The future […]
-
Renewable Energy and Climate Action: The Future of Japan and Sweden Cooperation
This joint publication of the Institute for Security and Development Policy (ISDP) and Kajima Institute of International Peace (KIIP) in Tokyo covers a solution-oriented approach to Climate Challenges that both […]