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  • Cited by 27
Publisher:
Cambridge University Press
Online publication date:
June 2017
Print publication year:
2017
Online ISBN:
9781316874882

Book description

North Korea is one of the most closed and secretive societies in the world. Despite a high level of interest from the outside world, we have very little detailed information about how the country functions economically. In this valuable book for both the academic and policy-making circles, Byung-Yeon Kim offers the most comprehensive and systematic analysis of the present day North Korean economy in the context of economic systems and transition economics. It addresses what is really happening in the North Korean economy, why it has previously failed, and how the country can make the transition to a market economy. It takes advantage not only of carefully reconstructed macro data but also rich, new data at the micro level, such as quantitative surveys of North Korean refugees settled in South Korea, and the surveys of Chinese companies that interact heavily with North Korea.

Reviews

‘Byung-Yeon Kim’s book on the North Korean economy is one-of-a-kind. It not only synthesises the surprisingly large amount of information we have on the fast-changing North Korean economy, but also provides a coherent framework for understanding what is happening there now. Not simply a work of economics, this is political economy in the best sense, particularly in its discussion of marketisation from below, possible transition paths for North Korea and the ever-present possibility of breakdown.’

Stephan Haggard - Krause Distinguished Professor, University of California, San Diego

‘This is the most important book in the last half century, which comprehensively removes veils of the North Korean economy. Byung-Yeon Kim takes the reader on a joyful tour of solving major mysteries of the economy, based on a rigorous treatment of both macro- and micro-evidence.’

Masaaki Kuboniwa - Founding Research Director of the Russian Research Center, Institute of Economic Research, Hitotsubashi University, Tokyo

‘This brilliant book is a must-read for anyone interested in this mysterious regime.’

Lanxin Xiang Source: Survival

'Totaling just over three hundred pages in length, the scope of this investigation is impressive. Readers with only a passing familiarity with the history of the North Korean economy, or entirely unfamiliar with it, will find much of value in this account. It provides a succinct overview of the basic elements of North Korea’s socialist economy and its collapse in the 1990s (and the accompanying famine), as well as a readable overview of the transition, de-centralization, and marketization of the economy and the political implications these changes have for regime stability and the country’s political future.'

Steven Denney Source: Journal of American-East Asian Relations

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Contents

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Kim, Byung-Yeon (2011), The Determinants of North Korean Economic Growth (북한 경제성장의 결정 요인). POSRI Management and Economic Research 11(1): 6381.
Kim, Byung-Yeon (2012), Monetary Integration of the Two Koreas (남북한 화폐통합). In The Government of the Unified Korea, Kim, Byong Seob and Im, Tobin, eds. Seoul: Nanam.
Kim, Byung-Yeon (2014a), North Korea’s Economy in the Era of Kim Jong-un (김정은 시대 북한의 경제). In Today’s North Korea, Yoon, Young-kwan ed. Seoul: Neulpoom.
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Kim, Byung-Yeon (2015), Transition and Integration: Scenarios, Strategies and Policies (체제전환과 경제통합: 시나리오, 전략 및 정책) in Economic Integration of the Two Koreas: Strategies and Policies, Lee, Jangro, Kim, Byung-Yeon and Yang, Un-Chul, eds. Seoul: Hanul.
Kim, Byung-Yeon, and Jung, Seung-Ho (2015), China’s Trade and Investment with North Korea: Firm Surveys in Dandong, (중국의 대북무역과 투자: 단둥시 현지기업 조사), Seoul: Institute for Peace and Unification studies, Seoul National University.
Kim, Byung-Yeon, and Kang, Youngho (2014), Social Capital and Entrepreneurial Activity: A Pseudo-Panel Approach. Journal of Economic Behavior and Organisation 97(Jan.): 4760.
Kim, Byung-Yeon, Kim, Suk-Jin, and Lee, Keun (2007), Assessing the Economic Performance of North Korea, 1954–1989: Estimates and Growth Accounting Analysis. Journal of Comparative Economics 35(3): 564582.
Kim, Byung-Yeon, and Koh, Yu Mi (2011), The Informal Economy and Bribery in North Korea. Asian Economic Papers 10(3): 104117.
Kim, Byung-Yeon, and Park, Jieun (2016), Financial Systems and Enterprise Restructuring in Eastern Europe, Eastern European Economics 54(6): 503520.
Kim, Byung-Yeon, and Pirtilla, Jukka (2006), Political Constraints and Economic Reform: Empirical Evidence from Post-Communist Transition in the 1990s. Journal of Comparative Economics 34(3): 446466.
Kim, Byung-Yeon, and Roland, Gerard (2012), Scenarios for a Transition to a Prosperous Market Economy in North Korea. International Economic Journal 26(3): 511539.
Kim, Byung-Yeon, and Song, Dongho (2008), The Participation of North Korean Households in the Informal Economy: Size, Determinants and Effect. Seoul Journal of Economics 21(2): 361385.
Kim, Byung-Yeon, Wang, Jin, and Xu, Chenggang (2014), Understanding Firms in Transition Economies: China and Central-Eastern Europe Compared, Paper presented at the Pacific Rim Economics Conference, Hawaii.
Kim, Byung-Yeon, and Yang, Moon Soo (2012), Markets and the State in the North Korean Economy (북한 경제에서의 시장과 정부), Seoul: Seoul National University Press.
Kim, Il-sung (1982, 1983, 1985), Collected Works of Kim Il-sung (김일성 저작집), Pyongyang: Korea Workers’ Party Press.
Kim, Jong-Wook (2006), A Study on the Transformation of the Bureaucracy and Ruling Structure in North Korea (북한의 관료체제와 지배구조의 변동에 관한 연구), PhD Dissertation submitted to Dongguk University, South Korea.
Kim, Keun-Sik, and Lee, Mu-Cheol (2007), Military-First Politics and Building a Strong and Prosperous Country of North Korea, (북한의 선군 정치와 강성대국론). Research on Unification Issues 48(2): 6994.
Kim, Suk-Jin (2007), The Reconstruction of North Korean Industries Using Trade Data (무역통계로 본 북한의 산업재건 실태), KIET Issue Paper Series 2007–223.
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