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Scenarios for a Transition to a Prosperous Market Economy in North Korea

Byung-Yeon Kim and Gérard Roland

International Economic Journal, 2012, vol. 26, issue 3, 511-539

Abstract: We examine in detail two possible scenarios for a transition to the market economy in North Korea. In the first scenario, we explore a transition path of North Korea to the market economy following a regime collapse. In the second scenario, we explore a transition path that would be chosen by the North Korean leaders, following the experience of China and Vietnam. While these scenarios have common features, they also involve important differences.

Date: 2012
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DOI: 10.1080/10168737.2012.707878

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