About the Author
Phebe Kim
Phebe Kim is an NK News contributor based in Washington DC. She is a Fulbright Korea Grantee, 2010-2012 and is currently a M.A. Candidate at Georgetown University.
Get behind the headlines
Interviews Babson: N. Korean leadership needs developed financial systemPyongyang’s leadership has displayed commitment to economic development, expert says The North Korean leadership's recent integration of financial committees and microeconomic agricultural and enterprise reform may indicate a willingness to pursue economic development. Bradley O. Babson, Chair of the DPRK Economic Forum at the U.S.-Korea Institute, John Hopkins School of Advanced International Studies (SAIS), told NK News that North Korea has the potential to grow like other Asian "miracle" economies like Japan, South Korea or Taiwan. However, Babson, who is also a member of the Advisory Council of the Korea Economic Institute of America, believes that the question is whether North Koreans have "the will to develop policies that will integrate with the regional and international economy much more effectively than they have been able to" and "to build institutions for managing what's becoming a larger market economy." © Korea Risk Group. All rights reserved. |