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🎯 Prof. William Brown joins The Defector to discuss North Korea's Economy & Currency Crisis. In this episode, we explore dollarization in North Korea and market (Jangmadang) to understand the future of the North Korean stability. Subscribe for weekly expert analysis on North Korean security. ❤️ Support North Korean Young Leaders: Help empower the next generation of North Korean leaders. Your donations to NKYLA directly support [To cultivate principled North Korean young leaders who can bridge understanding, inspire change, and advance a free and unified Korea.] 🔗 Donate to NKYLA here: https://globalpeace.org/one-korea-global-c... ⏱️ In this Episode: 00:00 Intro & Guest Introduction 02:57 Personal background and historical context 06:03 Structure of North Korea’s economy and issues with data reliability 09:02 Economic relations between China and North Korea 12:00 Political projects and economic instability 15:02 Inflation and North Korea’s currency policy 17:34 Economic changes and inflation in North Korea 20:39 Social inequality and the North Korean elite 24:55 North Korea’s currency and foreign exchange system 28:58 Political economy and the government’s role in North Korea 35:11 The Kim Jong Un regime and South Korea’s political relations 35:44 Conversations between Kim Jong Il and Kim Jong Un 36:36 Park Chung Hee’s economic policy shifts 39:45 Modern architecture and technological progress in Pyongyang 42:34 Housing issues and living conditions in North Korea 45:52 Nuclear weapons and international politics 49:19 North Korea’s relations with China and Russia 52:06 South Korea’s independence and diplomatic strategy 55:41 The cost of unification between North and South Korea 57:24 North Korea’s natural resources and economic potential 01:00:19 South Korea’s economic development and social policies 01:01:37 Hydrogen and energy resources in North Korea 01:03:52 The need for robotics and technology 01:06:56 South Korea’s economic challenges and opportunities 01:09:38 Investment and economic relations between Japan and the United States 01:12:48 Tourism and the economic future of North Korea 🎓 William B. Brown is the principal of his small consulting firm, Northeast Asia Economics and Intelligence, Advisory LLC (NAEIA.com), and is a professor at the University of Maryland’s Global Campus, teaching a course on Contemporary China. He continues to do contracting work for the federal government from which he is retired and participates in professional panels on North Korea in the Washington area. He writes and speaks often on North Korean economic issues for Voice of America and Radio Free Asia. His most recent government service was as Senior Advisor to the National Intelligence Manager for East Asia in the Office of the Director of National Intelligence and for the North Korea Mission Manager. His career as an economist and East Asia specialist has included positions in the analytical arm of CIA, Commerce Department’s Chief Economist’s Office, and the National Intelligence Council where he served as Senior Research Fellow for East Asia and as Deputy National Intelligence Officer for Economics. Much of his research has been focused on the North Korean and Chinese economies. His career has included management work for Virginia’s Department of World Trade in Norfolk and he served as Senior Research Officer and North Korea Referent in the U.S. Embassy in Seoul. He also teaches as an adjunct professor at Georgetown University, George Washington University and for nearly twenty years taught in George Mason University’s Graduate School of Public Policy. Mr. Brown is a recipient of the Republic of Korea’s Samil National Security medal for his work on North Korea. He received an M.A. in Economics and Chinese studies, and most coursework for the Ph.D., from Washington University in St. Louis and his B.A. in International Studies from Rhodes College in Memphis. He was raised in Kwangju, Korea by Presbyterian missionary parents who themselves were born and raised in China and Korea, respectively. He and his wife live in Herndon, Virginia and have four grown children. 🌐 Community & Social Media 📝 Substack: https://pyongyangexaminer.substack.com 🐦 X / Twitter: https://x.com/LeeHyunSeung85 📸 Instagram: Mr.NorthKorea ✉️ Business Inquiries: #Koreaneconomy, #Chineseeconomy, #WilliamBrown, #NorthKorea, #economicanalysis, #internationalrelations, #historicalcontext, #datachallenges, #personalnarratives #thedefector