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 of efficiency that exist in ...