North Korea: From Hyperinflation to Dollarization?

By Steve Hanke - June 18, 2013

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For years, North Korea has been crushed by a communist command economy, producing little besides mass starvation. More recently, the plight of North Korea’s economy has been exacerbated by harsh, foreign economic sanctions — which only seem to have driven the regime to double down on its nuclear ambitions. Following North Korean supreme leader Kim Jong-il’s death in December...

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