North Korea’s Economy Is Growing at Its Fastest Pace Since 1999
July 21st, 2017
Via Bloomberg, a report on North Korea’s economic growth: North Korea’s economy grew in 2016 at the fastest pace since 1999, helped by a recovery from a drought in 2015. Military spending, including on testing nuclear weapons and missiles, also boosted growth, and raised tensions in the region. Gross domestic product expanded 3.9 percent from […]
Read more »Entrepreneurs in North Korea? Not As Rare As One Might Think
July 6th, 2017
Via the Asia Times, a report that more business projects are starting in North Korea: While the eyes of the world are on North Korea’s development of an intercontinental ballistic missile, observers say innovation of another kind is occurring in the secretive socialist country. North Koreans are increasingly starting business projects and “essentially managing their own economic destiny,” […]
Read more »North Korea’s Journey From Feudalism To Crony Capitalism
June 21st, 2017
Courtesy of The Financial Times, a report on how changes in North Korea have led to higher wages and private enterprise — making it harder to pressure the state with sanctions: Woken before dawn, the group of foreign journalists were stripped of their mobile phones and piled on to a bus. They were in Pyongyang […]
Read more »Fish-Trading Pioneers of North Korea’s Market Economy
May 21st, 2017
Via NK News (subscription required), an interesting look at how “running traders” during the 1990s laid the groundwork for the DPRK’s fledging private markets: I want to introduce you, readers, to Ms. Pak (not her real name, of course), a North Korean small trader. She left her country about a decade ago, but back in […]
Read more »Turns Out North Korea’s Economy Is Actually Doing Pretty Well
May 2nd, 2017
Via Vox, a look at North Korea’s economy and how its quiet embrace of free markets has helped the country survive sanctions: Resolute in its commitment to communism and plagued by sanctions, North Korea has one of the most isolated economies in the world. And yet its economy is showing signs of expanding — potentially […]
Read more »How Fast Is The North Korean Economy Growing?
February 2nd, 2017
Via the Peterson Institute for International Economics, a look at North Korea’s economic growth: Every so often we get reports that attempt to estimate how fast (or if) the North Korean economy is growing. Such exercises require a bit of ingenuity, creatively, guesstimates, and, regrettably often, the suspension of disbelief. A study(link is external) released by Hyundai […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.