Tag Archives: dollar

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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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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