North Korean Economic Reform: New Changes or Old, Empty Promises?

Published By: Institute for Security and Development Policy | Published Date: October, 30 , 2012

In June, North Korean authorities announced agricultural reforms called the “6.28 policy,” which promises to recalculate the ratio of distributed planned products (70 percent to the country, 30 percent to farm workers) and downsize basic farm units from 10-25 people to 4-6 people. The regime’s declared purpose is to ease the current economic crisis and improve the people’s standard of living. Details about reforms, however, remain unclear as well as the underlying motivations and, of course, their possible outcomes.

Author(s): Stefano Facchinetti, Sangsoo Lee | Posted on: Mar 14, 2016 | Views()

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