North Korea's 7.1 policy
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Authors
Olgunsoy, Birkan
Subjects
North Korea
7.1 Policy
July 2002 reforms
monetization
decentralization
Special Economic Zone
Sanction
North Koreas Political Economy
Juche
Seongun
2002 Nuclear Crisis
2006 Missile and Nuclear Crisis
2009 Currency Reform
Economic Interdependence
7.1 Policy
July 2002 reforms
monetization
decentralization
Special Economic Zone
Sanction
North Koreas Political Economy
Juche
Seongun
2002 Nuclear Crisis
2006 Missile and Nuclear Crisis
2009 Currency Reform
Economic Interdependence
Advisors
Looney, Robert E.
Date of Issue
2013-12
Date
Dec-13
Publisher
Monterey, California: Naval Postgraduate School
Language
Abstract
This thesis evaluates North Koreas July 2002 economic reforms. It does so by analyzing the content of the reforms, their economic impact on North Korean people, and the problem areas of the reforms. This thesis makes five arguments. First, the July 2002 economic reforms were not intended to reform North Koreas economic system but to provide temporary relief for the regimes survival. Second, unless the problems in monetization and decentralization in the industrial and agricultural sectors are eliminated, the economic development effort is doomed to fail. Furthermore, if Pyongyang solves international, administrative and infrastructural problems within Special Economic Zones, it can spur economic development in the country. Third, the growing economic interdependence may help to leverage upon North Korea. Fourth, North Koreas current political system forms the biggest obstacle for present and future reforms. Finally, for the U.S. and international sanctions to have more effective impact, there should be a consensus on them and the subsiding effect of other countries should be avoided. In conclusion, the thesis makes policy recommendations and extracts overall lessons for international policy makers, economic leaders, and diplomats that can be applied to this and other cases.
Type
Thesis
Description
Series/Report No
Department
National Security Affairs
Organization
Identifiers
NPS Report Number
Sponsors
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Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.