Tag Archives: inflation

Is Pyongyang’s investment in steel prudent?

In April we made the claim that allocating a greater share of Pyongyang’s budget to achieve a 108.3% increase in the country’s annual steel output is unproductive. Instead of steel, we argued that increasing consumer goods production to ensure market … Continue reading

Posted in Iron | Tagged , , , , , , | Leave a comment

Eating boots, dreaming of pork: food security and the budget deficit in 2014

The lean months are coming to the DPRK. From May through August, North Korean farms will be sowing and growing key crops like rice, maize, and soybean while consuming what remains of the harvest from last fall. Although winter and … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

After Jang Sung-taek: Can North Korea brave the economic tempest?

We may not find out why Jang Sung-taek was so dramatically purged from the upper echelons of power last December until both the regime and the DPRK are safely contained within the pages of history books (or tablets, who knows … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 7 Comments

Rationality behind the veil: the communist world looks at inflation in South Korea – evidence from the Wilson Center archives

Looking at North Korea’s foreign policy, it is often tempting to discard Pyongyang’s behavior as irrational. However, it is important to keep in mind that our inability to decipher the North Korean state’s decision-making process does not equate to there … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , , , , , , , , , , , | 3 Comments

The Specter of Inflation: Soviet case study and a modern solution

Permit me to start this post with a disclaimer. One faces several problems when using historical analogies to analyze current phenomenons. Not least of all, there is the difficulty of extricating oneself from variables and trends derived from historical models … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , , , , , , , , , | 4 Comments

Is there or Is there not reform in the DPRK? And some recommendations

Andrei Lankov is upbeat. He believes reforms are really underway in North Korea with agricultural yields to prove it. But don’t pop the champagne yet because Dr. Lankov is also wary of how the reforms will not go far enough … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , , , , , , , , , | 4 Comments

Assessing Cause and Effect: Food price stability and the Korean People’s Won

Despite turbulence in the upper echelons of political power in Pyongyang, rice prices in North Korea proved remarkably stable at the end of 2013. This may be due to favorable farming conditions and the resulting increase in grain output that … Continue reading

Posted in Rice | Tagged , , , , , , , , , , , , , , , , | 8 Comments