“North Korean farmers who have long been required to turn most of their crops over to the state may now be allowed to keep their surplus food to sell or barter in what could be the most significant economic change enacted by young leader Kim Jong Un since he came to power nine months ago. The proposed directive appears aimed at boosting productivity at collective farms that have struggled for decades to provide for the country’s 24 million people. By giving farmers such an incentive to grow more food, North Korea could be starting down the same path as China when it first began experimenting with a market-based economy.”
Related posts:
Federal Reserve confirms its computers were hacked
US Officials: Al-Qaida Gaining Foothold in Syria
Queens residents arm themselves in the post-storm blackout from looters
Organic growers lose decision in suit versus Monsanto over seeds
Secret Court Ruling Put Tech Companies in Data Bind
Swiss central bank fights to block public vote on gold backing
Dollars Vanish as Tourists Grab Argentine Bondholder Cash
Bangladesh police fire rubber bullets at workers seeking $100 month wage
Swiss police smash Chinese trafficking ring
Alfred McCoy: The Future of the American Empire
German University to identify those killed by Communist regime fleeing to the West
This one fire hydrant costs Toronto drivers $289,620 in parking tickets
Industry sues over NYC crackdown on sugary drinks
U.S. calls on UN to ban drunken diplomats from budget negotiations
Israel facing ‘increasing number of cyber attacks’