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June 8, 2006

North Korea's Capitalist Experiment

Author:	Esther Pan

The government of North Korean President Kim Jung-Il retains a virtual death grip on the nation's economy, directing all official economic activity through an authoritarian command system. But recent moves to liberalize some aspects of the economy pose a dilemma for Kim: the country needs to modernize to survive, but opening up the economy will threaten his hold on power.

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