DPRK Moving Towards Capitalism? They Say No

by Richardson ~ September 28th, 2005. Filed under: Economics, North Korea.

From a travel FAQ on the Official DPRK website:

19. Is North Korea ‘reforming’ its economy and moving towards capitalism?
While the comparison between the DPRK and ‘China in the 1980s’ is frequently evoked by many so-called ‘experts’ these days, it is completely incorrect and misleading. The DPRK remains a planned socialist economy and has no intention of embracing the capitalist developmental model.

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