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Research Note Details:
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Patterns of Economic Development: A Comparative Study of China and North Korea  
Product Ref: 12/521RN Company: N/A

Product Type: Research Note Industry: Others

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Authors: Ali Farhoomand   Alan Yang
Although Pyongyang is promising its people that North Korea will soon emerge as a ¡§strong and prosperous nation¡¨, many observers remain skeptical. The few attempts at economic adjustments in the isolated and socialist half of the Korean peninsula have proven insufficient. The Chinese Communist Party however, developed "Socialism with Chinese characteristics" and is today exchanging poverty for prosperity. This research note analyses the economic situations of pre-reform China and present day North Korea, and determines to what extent North Korean policy makers can learn from the Chinese reform process.
Functional Area : Government Economic Policy

Learning Objective: The case educates students in how to: Provide a foundation of knowledge in recent Korea and Chinese economic history, understand the policy decisions made in the Chinese reforms, understand the issues North Korean economic policy makers are facing at present.
Length: 20 pages Country: China (People's Rep. of)
Korea (Dem. People's Rep. of)

Pub. Year: 2013 Level of Difficulty: 2
This product type is available in the following language(s):      English
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