(Analysis on North Korea's Trade and Industrial Policy)

Choi, Jangho; Lim, Sooho; Lee, SeogKi; Choi, Yoojeong; Im, So Jeong

doi:10.2139/ssrn.3087788

Cited by 1 publication

(1 citation statement)

References 15 publications

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“…Lee [8], Lim [9], and Na [10] also conducted in-depth text analyses of the primary literature, and publications and reports by the state media. In addition, Choi et al [11] compared the industrial policies presented under the Kim Il-sung and Kim Jong-il administrations with the industrial policies emphasized by Kim Jong-un by conducting economic research on the Rodong Sinmun. Admittedly, these studies expanded upon the academic approaches and methodologies on North Korean studies, but they had limitations, such as the lack of objectivity and accuracy of the classification of topics, as well as the small number of documents that researchers could directly access and categorize.…”

Section: North Korean Studies On Economic Policymentioning

confidence: 99%

The North Korean Economy: Sustainable or Muddling-Through?

Kim

Sohn²,

Choi³

2020

Sustainability

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Confronting the continuing economic sanctions, the flood disaster, and the COVID 19, North Korea is now in a critical phase whether the North Korean economy will shift to a sustainable economy or, as it has done in the past three decades, barely manage to maintain at a survival level. To explore the question, this study investigates North Korea’s economic policy changes by extracting the keywords from the North Korean economic journal Economic Research, which is a representative state published document. We use a text mining approach to overcome limitations, such as the lack of objectivity and accuracy of the classification of topics in manual text analysis for North Korean studies. Contrary to the conventional assumption that the North Korean economic policies are driven by dogmatic Juche (self-reliance) ideology, we find that the strategy of economic policies differs depending on the leader and political and economic circumstances at the time. In particular, since Kim Jong-un assumed office in 2011, the topics have diversified, and now cover a wide range of subjects on capitalism. Nevertheless, without North Korea’s decisive reform measures and international cooperation, it will be hard to observe that the North Korean economy can go beyond ‘muddling-through’ for sustainable development.

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Section: North Korean Studies On Economic Policymentioning

confidence: 99%