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Dollarization of the North Korean Economy: Causes and Effects
(Korea Development Institute, 2020-03-30)
A generalization and the widespread use of foreign currency in North Korea is called dollarization. Opinions are mixed over the backgrounds and the causes of the phenomenon, whether it is peculiar to the North, what it implies about the reality, and ...
Macroeconomic Trends in the Kim Jong-un Era: Continuation or Break?
(Korea Development Institute, 2019-12-30)
Many agree that the economy of North Korea has changed under the Kim Jong-un regime, but there are often different interpretations as to whether these changes are in line with the continued transformation from the 1990s or they should be seen as a ...