Choe, Sang T.; Kim, Suk‐Hi; Jeong Cho, Hyun - In: Multinational Business Review 11 (2003) 1, pp. 103-114
In the first years following the Korean War (1950‐1953), the centrally‐directed economy of North Korea had been larger in per capita income and had grown more rapidly than the more loosely‐controlled economy of South Korea. However, in the absence of rational and strategic economic...