Peterson Institute blog highlights “fascinating” paper on North Korea’s economic policy
A blog of the Peterson Institute for International Economics highlights an article in the current issue of Governance by Changyong Choi and Jesse D. Lecy on patterns of economic policy change in North Korea. PIIE’s Marcus Noland says that Choi and Lecy provide a “fascinating” analysis, using an innovative method of textual analysis to trace the evolution of thinking by North Korean policymakers. Choi and Lecy conclude that changes to the economic system “follow a pattern of punctuated equilibrium catalyzed by political crisis — but changes are foreshadowed in the policy discourse.” Read the article.
