Restraining Factors and Future Advantages of the Development in North Korea Special Economic Zones.docVIP

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2017-01-23 发布于北京
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Restraining Factors and Future Advantages of the Development in North Korea Special Economic Zones.doc

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Restraining Factors and Future Advantages of the Development in North Korea Special Economic Zones 　　（School of Foreign Languages, Jilin University of Finance and Economics, Changchun, Jilin 130117）　　Abstract. Since 2011, two special economic zones have been commonly developed and managed by China and North Korea, promoting the development in North Korea Special Economic Zones to step into a new phase, and simultaneously bringing about new overseas investment opportunities for Chinese investors. Since the first free trade zone was established by North Korea in 1991, five special economic zones have been set up one after another. However, these special economic zones are highly different in the development degrees, and are with obvious limitations at the same time. In this paper, the restraining factors and future advantages of the development in North Korea special economic zones are analyzed by the author, thus providing a judgment reference for Chinese enterprises to place investments in North Korea. 　　Key words: North Korea, Special Economic Zones, Investment, Future Advantages 　　1 Introduction 　　North Korea is a planned economy country, which is alienated from economic globalization and integration and still keeps the single public ownership structure. After 1980s, North Korea began to attach higher importance to the foreign trades. Hence, it announced the Law of Joint Venture in 1984. Then, it announced to set up the RAJIN-SONBONG Free Economic and Trade Zone in December 1991, and also began to seek a model of improving its economy with caution. This zone was established based on the imitation of the free trade zones in Chinas special economic areas, and subsequently give five special economic zones were set up one after another in North Korea. 　　2 North Koreas Special Economic Zones and Their Development Situations 　　2.1 RASON Economic Trade Zone 　　The predecessor of RASON Economic Trade Zone was the RAJIN-SONBONG Free Economic and Trade Zone, whi