Long regarded as the economic basket case of Northeast Asia, since Kim Jong Un's accession to power there have been increasing signs that Pyongyang may now be serious about much needed economic reforms.
From announcing the creation of 20 new special economic zones, reforming foreign investment rules, and improving rules and salaries for farmers and workers, numerous developments since early 2012 have indicated that North Korean policy-makers are increasingly eager to experiment with capitalist approaches.
Long regarded as the economic basket case of Northeast Asia, since Kim Jong Un's accession to power there have been increasing signs that Pyongyang may now be serious about much needed economic reforms.
From announcing the creation of 20 new special economic zones, reforming foreign investment rules, and improving rules and salaries for farmers and workers, numerous developments since early 2012 have indicated that North Korean policy-makers are increasingly eager to experiment with capitalist approaches.
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