Tuesday, November 23, 2010

Private Markets in North Korea, 23rd Nov., 2010.

In light of today's bombings, I thought I would post this article from the Washington Post:

As of May 26, the government no longer forces markets to close at 6 or 7 p.m., has dropped the rule restricting customers to women older than 40 and has lifted a ban on certain goods being sold. An official in the city of Pyungsung informed the Good Friends humanitarian group that the living standard had "drastically decreased since the currency exchange, and the government cannot provide distribution so they have to bring the market back up."

The Good Friends newsletter quoted the official as saying: "There are increasing deaths from starvation so opening [the] market is a reasonable resolution. Death due to starvation has gone out of control."

In the mid-1990s, amid a total collapse of the central planned economy, somewhere between 3 and 5 percent of the population -- perhaps 1 million people -- died of starvation. Meanwhile, North Koreans increasingly turned to small markets for trading and buying supplies.

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