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Unveiling the North Korean Economy: Collapse and Transition

by Byung-Yeon Kim (Author)
4.5 4.5 out of 5 stars 11 ratings
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North Korea is one of the most closed and secretive societies in the world. Despite a high level of interest from the outside world, we have very little detailed information about how the country functions economically. In this valuable book for both the academic and policy-making circles, Byung-Yeon Kim offers the most comprehensive and systematic analysis of the present day North Korean economy in the context of economic systems and transition economics. It addresses what is really happening in the North Korean economy, why it has previously failed, and how the country can make the transition to a market economy. It takes advantage not only of carefully reconstructed macro data but also rich, new data at the micro level, such as quantitative surveys of North Korean refugees settled in South Korea, and the surveys of Chinese companies that interact heavily with North Korea.
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  1. ISBN-10
    1316635163
  2. ISBN-13
    978-1316635162
  3. Publication date
    May 27, 2017
  4. Language
    English
  5. Dimensions
    6 x 0.78 x 9 inches
  6. Print length
    340 pages
  7. See all details
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Editorial Reviews

Review

‘Byung-Yeon Kim’s book on the North Korean economy is one-of-a-kind. It not only synthesises the surprisingly large amount of information we have on the fast-changing North Korean economy, but also provides a coherent framework for understanding what is happening there now. Not simply a work of economics, this is political economy in the best sense, particularly in its discussion of marketisation from below, possible transition paths for North Korea and the ever-present possibility of breakdown.’ Stephan Haggard, Krause Distinguished Professor, University of California San Diego

‘This is the most important book in the last half century, which comprehensively removes veils of the North Korean economy. Byung-Yeon Kim takes the reader on a joyful tour of solving major mysteries of the economy, based on a rigorous treatment of both macro- and micro-evidence.’ Masaaki Kuboniwa, Founding Research Director of the Russian Research Center, Institute of Economic Research, Hitotsubashi University, Tokyo

‘This brilliant book is a must-read for anyone interested in this mysterious regime.’ Lanxin Xiang, Survival

'Totaling just over three hundred pages in length, the scope of this investigation is impressive. Readers with only a passing familiarity with the history of the North Korean economy, or entirely unfamiliar with it, will find much of value in this account. It provides a succinct overview of the basic elements of North Korea’s socialist economy and its collapse in the 1990s (and the accompanying famine), as well as a readable overview of the transition, de-centralization, and marketization of the economy and the political implications these changes have for regime stability and the country’s political future.' Steven Denney, Journal of American-East Asian Relations

Book Description

A comprehensive, systematic analysis of the North Korean economy, exposing its hidden workings through quantitative data analysis and surveys.

Product details

  • Publisher ‏ : ‎ Cambridge University Press (May 27, 2017)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 340 pages
  • ISBN-10 ‏ : ‎ 1316635163
  • ISBN-13 ‏ : ‎ 978-1316635162
  • Item Weight ‏ : ‎ 1.23 pounds
  • Dimensions ‏ : ‎ 6 x 0.78 x 9 inches
  • Customer Reviews:
    4.5 4.5 out of 5 stars 11 ratings

Customer reviews

4.5 out of 5 stars
4.5 out of 5
11 global ratings
Great book, just damaged
4 Stars
Great book, just damaged
The book is great I used it for my class. But, the book was delivered damaged. The front cover page was torn and there were dents all over the bottom of the cover.
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Top reviews from the United States

Invisible Hand
4.0 out of 5 stars Thorough overview, but argument could be better integrated (and therefore shorter)
Reviewed in the United States on May 13, 2018
Verified Purchase
The book offers an overview of North Korea's economy and the open source data available to characterize it.

That said, the author devotes a decent amount of space to reviewing the literature on transition economics, contrasting the experiences of countries like China and the former Soviet bloc to setup how she then applies that framework to a possible "transition" in North Korea. So you have to get through some writing that could be condensed while consuming the portions on North Korea, which can be frustrating at times: the author could have condensed her prose such that her argument about the DPRK economy was better integrated with the literature on transition economics that she discusses. But I have yet to see a a book that contains a more thorough overview of the DPRK economy than this one.

In addition, some of the tables render poorly on the Kindle edition.
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Kayla Claiborne
4.0 out of 5 stars Great book, just damaged
Reviewed in the United States on November 14, 2018
Verified Purchase
The book is great I used it for my class. But, the book was delivered damaged. The front cover page was torn and there were dents all over the bottom of the cover.
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Kayla Claiborne
4.0 out of 5 stars Great book, just damaged
Reviewed in the United States on November 14, 2018
The book is great I used it for my class. But, the book was delivered damaged. The front cover page was torn and there were dents all over the bottom of the cover.
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Ryan
4.0 out of 5 stars Good book very useful
Reviewed in the United States on October 2, 2018
Verified Purchase
Good book
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Top reviews from other countries

Robin Gregory
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on October 17, 2017
Verified Purchase
very good
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