Key Aspects of the Independent National Economy
The key aspects of the independent national economy are the establishment of a multi-faceted and comprehensive structure of economic sectors; equipping of the national economy with modern technology; building up of domestic bases for raw materials, fuels and power; and management and operation of the economy by native technical personnel.
Independent National Economy
An independent national economy is one that can stand on its own feet without being subordinated to others.
During the anti-Japanese armed struggle Kim Il Sung advanced an idea of building an independent national economy in the Ten-Point Programme of the Association for the Restoration of the Fatherland (May 1936).
Immediately after the country’s liberation (August 1945) he stressed that, in order to remove the after-effects of Japanese colonial rule and build a new Korea, it was vital to build an independent national economy on the principle of self-reliance, instead of seeking help from other countries, and wisely led the efforts to this end.
In the whole period of socialist construction the DPRK has adhered to the line of building an independent national economy.
Differences between Independent Economy and Closed Economy
An independent national economy is by no means a closed economy. In other words, it does not close the doors to other economies, nor does it rule out foreign trade. It is opposed to economic domination and subjugation of other countries, not to international economic cooperation.
It strives to promote a wide spectrum of relations and cooperation with other economies, producing by itself what is vital and in large demand and obtaining what is lacking or in little demand or cannot be made domestically, through trading with other countries on the principle of filling each other’s needs.
Independent National Economy
An independent national economy is one that can stand on its own feet without being subordinated to others.
During the anti-Japanese armed struggle Kim Il Sung advanced an idea of building an independent national economy in the Ten-Point Programme of the Association for the Restoration of the Fatherland (May 1936).
Immediately after the country’s liberation (August 1945) he stressed that, in order to remove the after-effects of Japanese colonial rule and build a new Korea, it was vital to build an independent national economy on the principle of self-reliance, instead of seeking help from other countries, and wisely led the efforts to this end.
In the whole period of socialist construction the DPRK has adhered to the line of building an independent national economy.
Differences between Independent Economy and Closed Economy
An independent national economy is by no means a closed economy. In other words, it does not close the doors to other economies, nor does it rule out foreign trade. It is opposed to economic domination and subjugation of other countries, not to international economic cooperation.
It strives to promote a wide spectrum of relations and cooperation with other economies, producing by itself what is vital and in large demand and obtaining what is lacking or in little demand or cannot be made domestically, through trading with other countries on the principle of filling each other’s needs.
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