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The Rise of Markets within a Planned Economy - A Forecast for North Korea's Economic Reform and System Change

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The Rise of Markets within a Planned Economy - A Forecast for North Korea's Economic Reform and System Change

4.85 64,805 ratings · 8,105 reviews
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Overview: Why has North Korea not yet collapsed? This is a question that has often been posed by North Korea experts around the world since the collapse of the socialist bloc. Thus far, their answers have focused on the fact there has been no force powerful enough among the ruling elites or military circles to successfully challenge Kim Jong Il, that strict totalitarian surveillance and control has impeded the rise of civil forces and that the regime has been supported by South Korea and China, both of which fear its sudden collapse. Adding to those hypotheses, the author argues that, ironically enough, the marketization of the North Korean economy has played a pivotal role in propping up the North Korean regime.Now, after more than 10 years of marketization, the North Korean economic system may well be described as a ‘dual economic system’ in which the market mechanism and the planning mechanism coexist and influence each other. This book explores in detail how the dual economic system operates in various North Korean economic sectors and activities. Based on this analysis, this book also attempts to forecast the future change of the North Korean economic system: Will it go back to the classical socialist system or transit into a market economy? If the later is the case, will it happen gradually or radically? This book concludes that the North Korean economic system will be transformed gradually to a market socialist system regardless of the intentions of political authorities.

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Pages 296
Publisher Samsung Economic Research Institute
Published March 16, 2009
ISBN 13610844
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Soo-Ho Lim
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After spending years working in the corporate world, Soo-Ho Lim finally decided to pursue a lifelong passion for writing. They currently reside in a quiet suburb where they spend most of their time outlining new stories, reading extensively, and occasionally attempting to bake.

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Carol Phillips
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Exceeded all my expectations. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I will undoubtedly revisit this masterpiece.
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I was completely blown away. The prose is exquisite. It’s accessible yet undeniably sophisticated. An absolute must-read for connoisseurs of the genre.
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Honestly one of the most premium reading experiences lately. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I will undoubtedly revisit this masterpiece.
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I was completely blown away. The author orchestrated a breathtaking finale. Truly a work of art. An absolute must-read for connoisseurs of the genre.
Ryan Jones
Ryan Jones December 30, 2025
I was completely blown away. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I am now a lifelong fan of this author.
Joshua Anderson
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Honestly one of the most premium reading experiences lately. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. Worth every moment spent reading.
Steven Carter
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Honestly one of the most premium reading experiences lately. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem.
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Masterpiece from start to finish. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. An effortless 5 stars.
Steven Diaz
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Took a moment to build, but the payoff was spectacular. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. I would highly recommend this to discerning readers.
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A profoundly satisfying read. The author orchestrated a breathtaking finale. Truly a work of art. An absolute must-read for connoisseurs of the genre.
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Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem.
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Such a rich narrative. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author.
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Such a rich narrative. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I am now a lifelong fan of this author.
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I thoroughly enjoyed the elegance of it. The middle had a deliberate pace, but the climax was phenomenal. I would highly recommend this to discerning readers.
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Took a moment to build, but the payoff was spectacular. A brilliant concept executed with flair. Just a few pacing choices I would change. A very distinguished novel.
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Masterpiece from start to finish. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. An absolute must-read for connoisseurs of the genre.
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Such a rich narrative. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I will undoubtedly revisit this masterpiece.
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Margaret Hall
Margaret Hall July 20, 2025
A profoundly satisfying read. I adored how the story unfolded. It kept me captivated without sacrificing elegance. An effortless 5 stars.
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A highly sophisticated read. It held my rapt attention, even when certain twists were telegraphed. Quite impressive overall.
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