You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
China-Japan-Koreas
Barclays predicts: NK's economy will not collapse
2006-10-20
Analyst Dominique Dwor-Frocaut of Barclays Capital Research has written a very interesting analysis of North Korea's economic and financial policies. Download the full PDF document here: Download file (Please be patient.. it may take a little time to load.)

Her conclusions include:

- "The North Korean economy does not seem about to collapse" (contrary to what many out there might think).

- As time goes by we are likely to see "the development of an uneasy coexistence with the US".

- There are some signs of improvement in the North Korea's economy thanks to recent reforms. The growth will remain very slow, but the regime has built in "coping mechanisms" that will prevent collapse.

- "A slow income growth could be supportive of political stability because it would make it easier for the regime to control popular expectations."

- What the Chinese would call peaceful evolution is possible: "Political and economic stability would, over the longer term, see the completion of the transition from a planned to a market economy and greater integration of North Korea into the global economy. This in turn, could support a long-term normalisation of North Korea's diplomatic relations with the external world."
Posted by:gromky

#11  I knew somebody wasn't giving me my cut on the action.
Posted by: Anguper Hupomosing9418   2006-10-20 19:52  

#10  I would take $300,000 a year!
Posted by: DarthVader   2006-10-20 17:45  

#9  Well, she can always hope.
Isn't this the guy who blew up a bomb in Rangoon?
They guy who let over a million people starve needlessly.
The guy who runs real gulags, torture centers, forced abortion clinics, censors media?
You'd think it would be hard for a guy like that to find supporters, even among liberals.
Posted by: bigjim-ky   2006-10-20 15:20  

#8  Perhaps they can sell grass and bark recipes.
Posted by: rjschwarz   2006-10-20 14:17  

#7  I think it's income per year, or GPD per capita, otherwise, someone is not giving you your cut.
Posted by: anonymous5089   2006-10-20 10:43  

#6  meanwhile, US citizens > average $300,000.

Why did nobody tell me I'm poor?
Posted by: trailing wife   2006-10-20 09:33  

#5  1/ As long as you have people able to use THEIR time you have an economy.

2/ To create wealth they have to exchange their time based on comparitive advantage (i.e. perform their least worst task).

3/ People's productivity (i.e. their pay in a free market) is based on their ability to supply a demand, which is inversly relative to the number of other people able to supply that task.

Socialism harms all 3.
Socialism Starve's, Free market feed.
Posted by: Bright Pebbles in Blairistan   2006-10-20 08:26  

#4  What are the chances the further collapse of the Nork economy would turn the earth into a black hole, transporting it through a worm hole back say 1,500 years?
Posted by: Nimble Spemble   2006-10-20 07:08  

#3  Is there any economy to collapse? How close can you approach zero?
Posted by: BrerRabbit   2006-10-20 06:30  

#2  Realistically, the Commies won't admit to any problems-failures in state planning even iff it collapsed today. PRAVDA is criticizing Russians whom make over US$10,000 a month - meanwhile, US citizens > average $300,000.
Posted by: JosephMendiola   2006-10-20 01:48  

#1  So they're recommending a "buy", assuming NorK isn't wiped off the map, eh?

Hell, I'm sold.
Posted by: .com   2006-10-20 01:41  

00:00