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The Study of North Korean Economy

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Journal of Golobal Politics 5(1): 95-121

2012


Accession: 066146288

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This article discussesthe socialisticsystemof North Korea, using the modelof Kornai's 'Classical System' Pyeong-Yang has tried to balance economicdevelopmentaswellasrunsocialisticsystemsmoothly. Pyeong-Yang wantstorun properly the systemto complete the controlof society and economy underthe crush, and it wants to partially accept the controlling mechanism formarket. So North Korea has expected the economic development throughmorphologic use of the law of value, the introduction of incentive, foreigntransaction, and increasing investment in agriculture and light industry.Therefore, this article describe the concept of 'making policy of eclecticism'and this is unique under the North Korean socialistic system.

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