The Markets: Private Economy and Capitalism in North Korea?

Analysis, Economics
, by and The growth of markets and gradual changes in the economy are some the most significant developments to occur in North Korea over the last 20 years. An understanding of these fundamental changes is critical for the formulation of North Korea policy. In an effort to further investigate these evolving economic changes in North Korea, Beyond Parallel launched a pioneering and original data collection project in 2017 and 2018 on markets.

Pyongyang Gas Stations and Fluctuating Fuel Prices

Economics, Foreign Affairs, Infrastructure & Energy
, by and In July and September 2017, unconfirmed reports circulated about dramatically fluctuating gasoline and diesel prices in North Korea. There were also reports that China was planning to suspend or limit fuel exports to North Korea. Analysis of satellite imagery from around this period indicates that a fuel suspension of any significant length does not appear to have affected Pyongyang.

Geopolitics and President Moon’s Economic Policy Development

Economics, Governance
, by South Korea’s New President, in Trying to Develop Economic Policy, is Caught up in Geopolitics. South Korea’s new president, Moon Jae-in, in his first two months in office is trying to ease the country’s relations with North Korea just as liberal predecessors, Kim Dae-jung and Roh Moo-hyun, sought to do. Moon opened the door to negotiations and even a summit with the North’s Kim Jong Un, but he has also spoken critically of the North’s missile tests and, with a missile firing and flyovers conducted with the U.S., flexed the South’s military muscles. Moon’s economic strategy is unfolding in a similar manner, with ideas that are like those of the progressive leaders past and some tactics that show he recognizes when difficult choices are needed.