Backgrounder.
My view is that NK likely will move toward the Chinese system of market socialism with Chinese characteristics, but in NK it will be with NK characteristics. Kim Jong Un had already liberalized quite a bit, so this would not constitute an about-face but rather a speed-up of development. Kim Jong Un seems finally to want to join the world economy, which is why he is negotiating with Trump at all, in the face of resistance from the US deep state and military trying to scuttle progress. Bolton is the point man but he is not alone in this thinking.
Will Kim Jong Un As Head Of State Move More Towards Markets?
J. Barkley Rosser | Professor of Economics and Business Administration James Madison University
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