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Patterns of international trade and the industrial-led economic development of North Korea

Title
Patterns of international trade and the industrial-led economic development of North Korea
Authors
Mah, Jai S.
Ewha Authors
마재신
SCOPUS Author ID
마재신scopus
Issue Date
2018
Journal Title
POST-COMMUNIST ECONOMIES
ISSN
1463-1377JCR Link

1465-3958JCR Link
Citation
POST-COMMUNIST ECONOMIES vol. 30, no. 6, pp. 820 - 834
Keywords
International trade; economic development; North Korea
Publisher
ROUTLEDGE JOURNALS, TAYLOR &

FRANCIS LTD
Indexed
SSCI; SCOPUS WOS scopus
Document Type
Article
Abstract
This article analyses the evolution of patterns of international trade and their role in the industrial-led economic development of North Korea. North Korea adhered to a strategy of building a 'self-sufficient national economy' until the 1980s. Its international trade depends heavily on China and South Korea. The share of natural resources in North Korea's exports to China has recently increased. Inter-Korean trade has contributed to improvements in the trade balance and industrialisation of North Korea, which can be contrasted with the pattern of North Korea's exports to China, i.e. the dominance of primary products. The economic sanctions regime against North Korea implemented by the United Nations has significantly reduced the country's foreign exchange earnings. They are unlikely to be effective in affecting North Korea's rate of economic growth in the short term, but could constrain industrial-led economic development in the long term.
DOI
10.1080/14631377.2018.1461484
Appears in Collections:
스크랜튼대학 > 국제학부 > Journal papers
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