August 26, 2018

Andrew Yeo, associate professor, politics, was quoted in The Wall Street Journal on North Korea’s economy and rising markets.

... As the markets gain in importance, the question is how much laborers in North Korea’s “formal economy”—steel factories, coal mines and the like—flock to trade in hopes of improving their standard of living, said Andrew Yeo, a specialist in North Korean studies at Catholic University of America in Washington.

“If the formal economy begins to hollow out, if they learn to survive based on markets, you wonder if they begin to question the legitimacy of the regime,” Mr. Yeo said. ...

Continue reading in The Wall Street Journal. 

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