This study focuses on an analysis of North Korea's external economic policy changes, and the present status and distinctive features of inter-Korean economic cooperation. North Korea is in a dilemma situation between the necessity of renewing its economic development strategy and the risk of weakening the basic principles of its system by an economic opening policy. In any case, North Korea is least expected to launch into an all-out external economic opening, but it will rather adopt, if at all, a policy of a “system-defending opening” than a “reform-oriented opening.” As a result, inter-Korean economic exchanges and cooperation also will be developed within the category of such a limited opening.
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