Analysis How the Chinese economy is becoming more and more like North Korea’sAs Beijing turns less capitalist and market-friendly, it grows more unlikely the DPRK will embrace true economic reforms Believers in engagement with North Korea often point to China’s dramatic socioeconomic development over the past 40 years as a model that Pyongyang can follow. By boosting incentives to farmers through de-collectivization, encouraging private firms and targeting foreign markets, the DPRK too could open and transform its economy through foreign investment and large-scale public investment in education and infrastructure. But for various reasons, Kim Jong Un has not embraced a version of socialism with North Korean characteristics. Instead, the way his state works at both the local and national levels emulates the worst aspects of © Korea Risk Group. All rights reserved. |