Chinese Firms' Troubled Relationship with Market Transformation in North Korea

The coping strategies that small Chinese firms operating in North Korea have chosen involve insinuating themselves into North Korean political and social networks, and structuring their investments so as to minimize their exposure to North Korean infrastructure, workers, and institutions. As a resul...

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Bibliographic Details
Published in:Asian survey 2017-08, Vol.57 (4), p.618-640
Main Authors: HASTINGS, JUSTIN V., WANG, YAOHUI
Format: Article
Language:English
Subjects:
Companies
Coping
Coping strategies
Foreign investment
Infrastructure
Market structure
Social networks
Trade relations
Transformation
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Summary:The coping strategies that small Chinese firms operating in North Korea have chosen involve insinuating themselves into North Korean political and social networks, and structuring their investments so as to minimize their exposure to North Korean infrastructure, workers, and institutions. As a result, it is unlikely that Chinese firms will be the main drivers of market transformation in North Korea.
ISSN:0004-4687
1533-838X
DOI:10.1525/AS.2017.57.4.618