What North Korea can learn from Southeast Asia – Ep. 260

While officially communist, North Korea’s economy has been a strange hybrid of socialist and capitalist elements for decades now. Millions in the country rely on markets outside the state-planned economy for necessities and to make a living, and this has raised questions about how the DPRK could make the transition to a more capitalist economy — if it ever wanted to. This week, economist Halin Han joins the NK News podcast to discuss how the economic transitions of several Southeast Asian nations — Cambodia, Myanmar, Laos, and Vietnam — could serve as a model for North Korea and what lessons Pyongyang could draw from their success and failures.  She also talks about why it was essential for Vietnam to establish relations with the U.S., the importance of overhauling the legal system to support capital growth and whether opening up the economy would be politically risky for the regime. Halin Han is a senior researcher at the Korea Institute for International Economic Policy (KIEP) and has conducted research on topics including the Greater Tumen Initiative, inter-Korean economic partnerships, DPRK fiscal policies and what can be learned from machine analysis of North Korean documents. About the podcast: The North Korea News Podcast is a weekly podcast hosted by Jacco Zwetsloot (@JaccoZed) exclusively for NK News, covering all things DPRK — from news to extended interviews with leading experts and analysts in the field, along with insight from our very own journalists.