Timo Schmitz: “The economic situation of North Korea – 2017” (PDF)

In the beginning of 2015, I published an article in which I covered the modern economic history and presented major issues that appeared till the end of 2014. This paper tries to cover up the further development in between 2015 and 2017, as well as re-checking the facts of 2014. It especially tries to point out the severe failures and narrowness of North Korean reforms that just privileged a few, while the majority of the North Korean population seems to resign from any hope, and despite malnutrition which is already documented, new starvings are feared. Thus, although Kim Jong-un could benefit from the push-forwards of his father who strengthened the country and made a quite strong nation out of North Korea, his son quickly torn down everything to pieces, and the first time since 10 years, massive waves of homeless people and temporary workers are wandering around begging for food and searching for work.

DOWNLOAD HERE: The economic situation of North Korea – 2017

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