North Korean economic reform
Nowadays, North Korean economic reform is a topic that is on everyone's lips and that does not go unnoticed in today's society. Its importance and relevance become increasingly evident as its analysis deepens. North Korean economic reform has generated a wide range of opinions and positions, both for and against, which has provoked constant debate in various areas. In this article, we will fully explore the impact North Korean economic reform has had on our daily lives, as well as its implications for the present and future. In addition, we will analyze the different perspectives that exist around North Korean economic reform, with the aim of providing a comprehensive and contrasted vision of this enigmatic topic.
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The North Korean economic reform refers to the program of reform and restructuring of the North Korean economy. Economic reforms have been increasing in the last years, particularly after Kim Jong Un came to power in 2012.
History
Economic reforms in North Korea has its roots to the 1970s, when North Korean government agencies, provincial governments and military units were unofficially granted permission to establish their own companies. Number of such companies have increased dramatically since the 2000s.
Economic impact
North Korea's economic growth under Kim Jong Un is estimated to be ranging from 1 percent to 5 percent. North Korea expert Andrei Lankov has said that North Korea's real growth rate is 3–4%.
Foreign encouragement
Economic reforms in North Korea has been encouraged by China. While visiting Pyongyang in June 2019, Chinese paramount leader Xi Jinping said that Kim Jong Un had “initiated a new strategic line of economic development and improving people’s livelihoods, raising socialist construction in the country to a new high tide.”
See also
References
- ^ a b Lankov, Andrei (2014-04-29). "Capitalism in North Korea: Meet Mr X, one of the new business elite". The Guardian. ISSN 0261-3077. Retrieved 2019-12-27.
- ^ Lankov, Andrei. "N Korea and the myth of starvation". www.aljazeera.com. Retrieved 2019-12-27.
- ^ Sang-Hun, Choe (2017-04-30). "As Economy Grows, North Korea's Grip on Society Is Tested". The New York Times. ISSN 0362-4331. Retrieved 2019-12-27.
- ^ "The limits of North Korea's meager economic growth | NK News". NK News. 2017-02-06. Retrieved 2019-12-27.
- ^ "China's Xi pushes economic reform at North Korea summit". AP NEWS. 2019-06-21. Retrieved 2019-12-27.
