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New Carnegie Moscow Center study analyses a private sector`s role in the North Korean economy

New Carnegie Moscow Center study analyses a private sector`s role in the North Korean economy. The author assumes that currently from 30% to 50% country`s GDP is generated in the private sector. The government`s attitude to the private economy is controversial and it is not ready to legalize the private sector. Private enterprises prevail in services sector, transport and fishing. The author points out that in recent years a distinction between public and private enterprises is disappearing. According to the author, Kim Jong-un`s government will continue to support the private sector which contributes to economic stabilization, but its legalization is unlikely.
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