North Korea/China – North Korea’s economy is recentralised and China-reliant (East Asia Forum)

April 12, 2021

Sangsoo Lee, ISDP

In North Korea, many enjoy making money for themselves by selling products in private markets. Under Kim Jong-un, expanding these markets became a source of tax revenue for the regime. But this changed in the past year with the outbreak of COVID-19. The closure of borders coupled with economic sanctions exacerbated an already dire economic situation in North Korea. Year-on-year trade with its biggest trade partner, China, plunged 80.7 per cent to US$539 million in 2020 and North Korea’s economy may have shrunk by 8.5 per cent.

North Korea’s economy is recentralised and China-reliant

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

North Korea/China – North Korea’s economy is recentralised and China-reliant (East Asia Forum)

Geostrategic magazine (27 Novembre 2024)

Geostrategic magazine (26 November 2024)

Geostrategic magazine (23 November 2024)

Geostrategic magazine (22 November 2024)

Geostrategic magazine (21 November 2024)

Geostrategic magazine (20 November 2024)

Geostrategic magazine (16 November 2024)

Geostrategic magazine (15 November 2024)

Geostrategic magazine (14 November 2024)