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



Features 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 Natalia Matveeva May 27, 2019 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Flickr user yeowatzup 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. 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. Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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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

Natalia Matveeva May 27, 2019

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

Flickr user yeowatzup

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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