Korea: July 17, 2005

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 North Korea is planning to radically restructure its economy. Apparently convinced that the Chinese approach (a market economy, but with a communist dictatorship still running the country) will work for them. North Korea has been taking small steps in this direction for nearly ten years. But now there are plans to open up more of the economy. To do that, North Korea will need lots of food and monetary aid. The major obstacle is the communist bureaucracy, who are used to a Stalinist, "total control" approach to government. Getting these guys to loosen up will not be easy. Meanwhile, North Korea continues to face famine, and the North Korean military becomes increasingly weak and unable to carry out the long feared invasion of the south. 

 

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