Dizzy with success: North Korea's ambitious, and troubled, first five year plan | NK News
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December 23, 2024

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Dizzy with success: North Korea’s ambitious, and troubled, first five year plan

The DPRK's first experience with long-term economic planning produced mixed results

This article is the second in a series by Natalia Matveeva on North Korea’s early economic history. Read part one here.

In 1956, North Korea's three-year plan (1954-1956) for the reconstruction and development of the national economy was declared successfully fulfilled. Since the DPRK already had experience in carrying out one-and three-year plans, it was decided to try planning for a longer period and, like in the USSR, draw up a plan for five years.

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