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Books > Business & Economics > Economics > Economic systems
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North Korea in Transition - Prospects for Economic and Social Reform (Hardcover, Uk Ed.)
Loot Price: R4,036
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North Korea in Transition - Prospects for Economic and Social Reform (Hardcover, Uk Ed.)
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Recent political developments on the Korean peninsula suggest both
the possibility and desirability for the neighboring powers to
establish a new framework for regional peace. The US and North
Korea have managed to reach an agreement to reduce mutually hostile
threats on a reciprocal basis, and to normalize diplomatic
relations by removing economic sanctions. They have thus created
conditions potentially favorable for the expansion of trade and the
inflow of economic assistance and foreign direct investment to
North Korea. A crucial question, however, is will North Korea
choose to transform its internal system and adopt an open-door
policy in an effort to revive its stagnant economy? The
distinguished contributors to this volume address the central issue
of the development potential of the North Korean economy and the
potential compatibility of economic reform with the maintenance of
internal political stability. They examine what will be needed in
the way of reform for North Korea to build its social
infrastructure and manage its industrial transition to become part
of the global market economy. Lessons are drawn from the
experiences of China's economic reform since 1979 and German
reunification and some sharp insights are provided into the
economic forces that will play a major role in shaping the future
course of North Korea. This timely book will be of great interest
to policymakers, scholars, and students of Asian and transition
economies.
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