Monthly Archives: July 2014

Price instability in Hyesan

Rice & Iron team has been interested in the city of Hyesan for a long time. While rice prices in this border city are often higher than those in Pyongyang and Sinuiju, Hyesan has traditionally enjoyed lower price volatility relative … Continue reading

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Northern Border Crossings

As a detail to add to the logistical maps we put up a little while ago, we put together all major border crossings from the PRC and Russia into the DPRK. When assessing the trafficability of the DPRK and how … Continue reading

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July to July assessment, 2014

Last July, we provided an assessment of the yearly changes in rice prices and speculated on what the movements revealed about the market conditions in North Korea. In that article, we noted then that the nominal price of rice had … Continue reading

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Greater Tumen Region Rough Logistical Nets

This post is based on an informal talk I gave about a year or so ago for a professor at Georgetown, as well as some backseat research Yong and myself always are adding to. The notion of an economically and … Continue reading

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A quick look at economic conditions in the post-Kim Il Sung era

It has been 20 years since the death of Kim Il-sung and North Korea is still reeling from the consequences of his economic mishandling. However, many North Koreans appear to have fond memories of the Kim Il-sung era, perhaps because … Continue reading

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Purchasing power of foreign exchange and Pyongyang’s dilemma

Channeling the works of Amartya Sen, we at Rice & Iron have often argued that the price of food and the people’s command over income matter far more than the country’s aggregate grain output. Therefore, indices such as wages and … Continue reading

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June 29th Hwasong-6 Imagery

A few folks online kindly pointed out that I overlooked the fact that two missiles were launched, which does significantly affect my analysis and judgment relating to photomanipulation. Edits have been added in italics, the original text has been left … Continue reading

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