By Catherine Cavanaugh

ISBN-10: 0765803607

ISBN-13: 9780765803603

ISBN-10: 1412810523

ISBN-13: 9781412810524

seen from afar, North Korea might sound weird and wonderful, or definitely irrational. yet as Nicholas Eberstadt demonstrates during this meticulously researched quantity, there's a grim coherence to North Korea's political financial system, and a ruthless good judgment undergirding it--one that unreservedly subordinates financial welfare to augmentation of political energy. hence, ironically, while reputable regulations and practices consign the DPRK financial system to a dangerous realm among main issue and disaster, the country's management continues unchallenged household regulate and has truly controlled to extend its foreign influence.Through painstaking choice of hard-to-uncover facts and cautious research, Eberstadt presents a quantitative tableau of North Korea's poor failure in its financial race opposed to South Korea; its obdurate adherence to regulations all yet sure to stifle progress and undermine fiscal functionality; and the longstanding reputable attempt to disregard, or mitigate, pressures for monetary reform.Eberstadt is skeptical of positive bills from South Korea and somewhere else suggesting that the North Korean management is drawn to resolving the present nuclear deadlock, and getting on with the enterprise of reform and improvement. as long as Pyongyang's rulers entertain the ambition of reunifying the Korean peninsula by itself phrases, Eberstadt argues, monetary reforms useful of the identify might be subversive of kingdom authority--and vigilantly resisted via Pyongyang's rulers. This authoritative quantity has acquired common recognition from Asian experts, good as these excited by nuclear proliferation and international peace, and diplomacy execs in general.

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The North Korean Economy: Between Crisis and Catastrophe by Catherine Cavanaugh


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