The North Korean Economy: Collapse, Stasis or Reform?

H. Smith

Working Papers from Brookings Institution - Working Papers

Abstract: In this first paper, I focus on the question which has been subject to considerable recent debate, namely whether collapse of North Korea is imminent. In accessing this question the paper discusses the three structural bottlenecks now thought to be severely constraining the North Korean economy following a series of external shocks in the late 1980s, food shortages, energy constraints and a limited capacity to earn foreign exchange. Much speculation has focused on the deterioration in the food economy and that a prolongation of current food shortages will see North Korea collapse.

Keywords: ECONOMIC POLICY; ECONOMIC REFORM (search for similar items in EconPapers)
JEL-codes: E60 O21 (search for similar items in EconPapers)
Pages: 64 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:brooki:133

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