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The North Korean economy has been a statistical black hole for decades but is undergoing substantial transformations. Rapid post-war industrialisation was not sustained beyond the mid-1960s and South Korea’s economy far outpaced North Korea’s during the next three decades, during which trend...
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This paper argues that Kim Jong-un, the leader of North Korea, faces a dilemma between maintaining his dictatorship and enabling economic growth amid pervasive marketization. Although he puts more emphasis on economic development than his father did, he is unlikely to launch Chinese-style reform...
Persistent link: https://www.econbiz.de/10013431471
The parliamentary elections of October 2007, the first free Togolese elections since decades, were meant to correct at least partially the rigged presidential elections of 2005. Western donors considered it as a litmus test of despotic African regimes' propensity to change towards...
Persistent link: https://www.econbiz.de/10011334797
If North Korea's economic transformation has been largely informal and contested at the level of the state, to what extent is North Korea's economic transformation reflected in North Korean economic research? In this article, we analyze a dataset of North Korean domestic journal articles on...
Persistent link: https://www.econbiz.de/10014413927
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A small expectations-expanded "Mundell-Fleming" model is built for the European Union Accession Countries and estimated to assess the optimality of different exchange rate regimes (a peg and a float) through a simple welfare function. Floating appears as the best option for most of the countries...
Persistent link: https://www.econbiz.de/10011475894
This study views inflation targeting as a viable monetary regime for more advanced transition economies. A dynamic …
Persistent link: https://www.econbiz.de/10010515688