An Ice Cream Economy?
The Chosun Ilbo has printed a summary of a Financial Times story that may change your model of the North Korean economy, but not much. The story suggests that changes in economic policy in 2002 have in fact launched a limited number of small private businesses, and that those businesses are substantially enriching the people who run them. The World Food Program’s North Korea director Richard Ragan told the paper the wealthy are concentrated in five cities, including Pyongyang. They...