Christopher Green and Steven Denney – ‘An Institutional Approach to Economic Reform and Development- Towards a Developmental Understanding of North Korea’ – Pages 88-111
North Korea is not an average low-income state with a moribund national economy. The outcome of the state’s Suryŏngist-Sŏn’gun ideological and economic structure is a well-run, sector-specific economy within a neglected national economy, all ordered around the maintenance of the ruling system, which is led and tightly controlled by the Kim family. However, the pockets…