Modern DPRK Economy and Prospects for Its Transformation

The article analyzes the key trends in the development of the North Korean economy and the main principles of its operation. The prospects of further transformation of the country’s economic structure are revealed. Applying the system approach and modeling methods the author constructs a model of the modern DPRK economy which consists of different sectors depending on key management principles and coordination mechanism. Prospects of the system’s transformation are considered within four suggested scenarios based on the combination of the main internal and external factors.

Keywords

DPRK, economy, model, economy structure, sanctions, socialism, market economy

Acknowledgment

The research was carried out with the support of the Russian Science Foundation (project No. 17–78–10126)

Received

16.05.2019

Publication date

17.05.2019

Number of characters

43569

Cite

GOST	Zakharova L. Modern DPRK Economy and Prospects for Its Transformation // Problemy Dalnego Vostoka – 2019. – Issue 2 C. 91-103 [Electronic resource]. URL: https://pdv.jes.su/S013216250004643-0-1 (circulation date: 20.04.2024). DOI: 10.31857/S013128120004643-0
MLA	Zakharova, Liudmila "Modern DPRK Economy and Prospects for Its Transformation." Problemy Dalnego Vostoka 2 (2019):91-103. DOI: 10.31857/S013128120004643-0
APA	Zakharova L. (2019). Modern DPRK Economy and Prospects for Its Transformation. Problemy Dalnego Vostoka (2), pp.91-103 DOI: 10.31857/S013128120004643-0

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