TITLE

The First Signs of Life

AUTHOR(S)
Wehrfritz, George; Lee, B. J.; Takayama, Hideko
PUB. DATE
February 2004
SOURCE
Newsweek (Pacific Edition);2/2/2004 (Pacific Edition), Vol. 143 Issue 5, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers a look at economic reforms in North Korea as of February 2004. The Japanese investor had once considered the incessant propaganda blaring on his factory floor a cost of doing business inside communist North Korea. Yet when he recently asked his joint-venture partner to pull the plug--a request indignantly rebuffed in the past--his counterpart's response was stunning. "Politics is now separate from economics," the North Korean foreman told him. North Korea has embraced economic reforms based on market principles, foreign trade and the rough-and-tumble of grass-roots capitalism. In the United States, where members of an unofficial U.S. delegation just back from North Korea spoke about their visit to a secretive nuclear complex at Yongbyon, what rocked the President George W. Bush administration were their accounts of the bustling markets, cell phones and traffic-clogged streets they encountered inside the Hermit Kingdom. North Korea's new engagement policy, targeting as it does South Korea and China, makes it tougher for the U.S. to unify a fragile coalition to contain Kim Jong Il's regime.
ACCESSION #
12180354

 

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