Tag Archives: jangmadang

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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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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The poverty of central planning and food insecurity

Last December, the DPRK Food Policy Blog noted that adverse shifts in Sino-DPRK relations resulting from the purge of Jang Sung-taek could potentially spiral into another food crisis. Drawing on comparisons to the winter of 1954-55 when sudden restrictions on … Continue reading

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Assessing the risk of another food crisis, 1954 and 2014

Things have definitely taken a slight turn away from the worst in North Korea. Despite the political drama that unfolded with the purge of Jang Sung-taek and his associates, the economy appears to be stable, with rice price volatility at … Continue reading

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Sino-DPRK relations on the rocks? And other troubles on the Jangmadang

News is ablaze with speculation on the possible deterioration of relations between China and the DPRK after Pyongyang conducted its long-prophesized third nuclear weapons test on February 12, 2013. It is no secret that Beijing disproves of its ally’s pursuit … Continue reading

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