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Unveiling the North Korean Economy: Collapse and Transition, written by Byung-Yeon Kim

Unveiling the North Korean Economy: Collapse and Transition, written by Byung-Yeon Kim (Cambridge, ma: Cambridge University Press, 2017). 334 pp. $35.00 (cloth).The lack of reliable data and information on economic and social life from inside North Korea is one of the biggest obstacles to properly understanding the country. In Unveiling the North Korean Economy: Collapse and Transition, Byung-yeon Kim seeks to establish an evidentiary-basis for the claims of economic changes using data from resettled North Korean refugees in South Korea and Chinese firms doing business with North Korea. A professor of economics at Seoul National University and a leading researcher on the North Korean economy, Kim focuses primarily on describing the rules of North Korea’s economy and its institutions, but gives some consideration to the role of politics and the political implications of economic change. A central assumption of the book is that centrally planned economies fail by design and eventually will give way to pressures for market-based reforms. What sets this study apart from much of the extant literature on socialist and transitional economies is the author’s concentration on the interactions between top-down and bottom-up processes. Kim is specifically interested in the interaction between the behavior of governments and the household and firm. As such, he gives the reader a http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of American-East Asian Relations Brill

Unveiling the North Korean Economy: Collapse and Transition, written by Byung-Yeon Kim

Denney, Steven
Journal of American-East Asian Relations , Volume 25 (1): 4 – Mar 15, 2018
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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1058-3947
eISSN
1876-5610
DOI
10.1163/18765610-02501005
Publisher site
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Abstract

(Cambridge, ma: Cambridge University Press, 2017). 334 pp. $35.00 (cloth).The lack of reliable data and information on economic and social life from inside North Korea is one of the biggest obstacles to properly understanding the country. In Unveiling the North Korean Economy: Collapse and Transition, Byung-yeon Kim seeks to establish an evidentiary-basis for the claims of economic changes using data from resettled North Korean refugees in South Korea and Chinese firms doing business with North Korea. A professor of economics at Seoul National University and a leading researcher on the North Korean economy, Kim focuses primarily on describing the rules of North Korea’s economy and its institutions, but gives some consideration to the role of politics and the political implications of economic change. A central assumption of the book is that centrally planned economies fail by design and eventually will give way to pressures for market-based reforms. What sets this study apart from much of the extant literature on socialist and transitional economies is the author’s concentration on the interactions between top-down and bottom-up processes. Kim is specifically interested in the interaction between the behavior of governments and the household and firm. As such, he gives the reader a

Journal

Journal of American-East Asian Relations – Brill

Published: Mar 15, 2018

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