Industrial Policy for North Korea: Lessons from Transition
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Possible directions of industrial policy for North Korea are developed in this paper, drawing on the experience of the European transition economies and focusing on privatization and restructuring, new business formation, and export promotion. North Korea at present is largely closed, and its agriculture is relatively over- developed. Through export promotion and other measures of industrial policy the country will be able to raise living standards and greatly improve food security.
Abstract
Possible directions of industrial policy for North Korea are developed in this paper, drawing on the experience of the European transition economies and focusing on privatization and restructuring, new business formation, and export promotion. North Korea at present is largely closed, and its agriculture is relatively over- developed. Through export promotion and other measures of industrial policy the country will be able to raise living standards and greatly improve food security.