{"id":11746,"date":"2014-11-23T09:00:41","date_gmt":"2014-11-23T14:00:41","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=11746"},"modified":"2014-11-22T18:04:49","modified_gmt":"2014-11-22T23:04:49","slug":"the-economics-of-north-koreas-special-economic-zone","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2014\/the-economics-of-north-koreas-special-economic-zone\/","title":{"rendered":"The Economics Of North Korea\u2019s Special Economic Zone"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/11\/112214_2257_TheEconomic1.jpg\" alt=\"\" width=\"641\" height=\"427\" \/><\/p>\n<p>Rason is a Special Economic Zone in North Korea that is experimenting with free market reforms. Rudiger Frank had a chance to visit it:<\/p>\n<ul>\n<li>Clothes made in Rason will have &#8220;made in China&#8221; stamped on them so that they can be sold in South Korea.<\/li>\n<li>While in North Korea&#8217;s capital, Pyongyang, the quoted exchange rate for each Euro is 132 won, in Rason it is the more realistic 10,476 won.<\/li>\n<li>Not that it matters; transactions take place in Chinese Renminbi rather than North Korean won due to the greater stability of China&#8217;s currency.<\/li>\n<\/ul>\n<p>Read about other ways that life is different, what North Koreans really think, and what this says about what an open North Korea would be like over <a href=\"http:\/\/www.foreignpolicy.com\/articles\/2014\/11\/19\/rason_north_korea_free_trade_zone_kim_jong_un?utm_source=Sailthru&amp;utm_medium=email&amp;utm_term=%2AEditors%20Picks&amp;utm_campaign=2014_EditorsPicks19%2F11%20RS\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.foreignpolicy.com\/articles\/2014\/11\/19\/rason_north_korea_free_trade_zone_kim_jong_un?utm_source=Sailthru&amp;utm_medium=email&amp;utm_term=%2AEditors%20Picks&amp;utm_campaign=2014_EditorsPicks19%2F11%20RS\">Foreign Policy<\/a><span style=\"color: #231f20; font-family: Arial; font-size: 12pt;\"><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rason is a Special Economic Zone in North Korea that is experimenting with free market reforms. Rudiger Frank had a chance to visit it: Clothes made in Rason will have &#8220;made in China&#8221; stamped on them so that they can be sold in South Korea. While in North Korea&#8217;s capital, Pyongyang, the quoted exchange rate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/11\/112214_2257_TheEconomic1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=11746"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11746\/revisions"}],"predecessor-version":[{"id":11749,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/11746\/revisions\/11749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/11745"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=11746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=11746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=11746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}