North Korea: The Last Transition Economy?
The North Korean economy is reportedly smaller today than it was at the end of the Cold War and per capita income is only a small fraction of that in South Korea. While much of the population works in agriculture, a significant portion of the population is food insecure. Despite North Korea’s economic struggles market activity has expanded over the last two decades and continues to grow even under sanctions.
Please join KEI for a discussion of the current state of the North Korean economy and whether it will be the world’s last transition economy based on a new report by the Organization for Economic Cooperation and Development.
Featuring:
Vincent Koen
Head of Division, Country Studies
Organization for Economic Cooperation and Development
Jinwoan Beom
Economist
Organization for Economic Cooperation and Development
Welcoming Remarks:
Ambassador (ret.) Kathleen Stephens
President and CEO
Korea Economic Institute of America
Moderated by:
Randall S. Jones
Non-Resident Fellow
Korea Economic Institute of America
[Source: Korea Economic Institute of America]
