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The Second Economy in North Korea

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This paper shows that the second economy plays a significant role in North Korea and complete picture of total economy cannot be obtained if one looks at only the planned sector of the economy. It also shows that presence of the second economy puts pressure on the first economy for change and the expansion of the second economy results in rising tensions between the first (planned) and the second (private) economy and undermining the socialist values.

Abstract

Ⅰ. Introduction

Ⅱ. Definitions of the Second Economy

Ⅲ. The Second Economy and Black Markets

Ⅳ. The Development and Composition of the Second Economy

Ⅴ. The Economic and Social Effects of the Second Economy

Ⅵ. Second Economy and Economic Reform

Ⅶ. Conclusions

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