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• The sectors that need early attention to kick-start North Korea's economic development are agricultural production, mining, light manufacturing, electricity, and transportation and logistics.
• Attracting foreign investment is critical for structuring economic reforms in North Korea.
• Improving special economic zone (SEZ) operability and developing a dispute settlement framework will attract investment from neighboring countries.
• Understanding reforms that worked well in comparison countries, such as Vietnam, China, South Korea, Poland, Russia, and India, would allow better application of existing investment frameworks to North Korea, setting the stage for an examination of reforms needed for investment to flow into the country.
• If North Korea takes the necessary steps to join the International Monetary Fund (IMF), the World Bank, the World Trade Organization (WTO), and other international financial institutions (IFIs), it will be able to access development capital and obtain technical assistance.

It is difficult to guess when the situation in North Korea will become conducive to foreign investment and development. When it does, however, the country will need to find a path for economic development. The authors describe such a blueprint using foreign investment as an organizational framework, basing their roadmap of recommended reforms on an assessment of North Korea's current socioeconomic conditions; identification of priority sectors based on need and where the country might have a comparative advantage; lessons from the development trajectories of Vietnam, China, South Korea, Poland, Russia, and India; and existing investment frameworks adapted to North Korea.

• Chapter One

  Introduction

• Chapter Two

  An Assessment of North Korea's Economic Landscape

• Chapter Three

  Eye in the Sky: Tracking SEZ Activity Using Satellite Data

• Chapter Four

  Priority Sectors to Target

• Chapter Five

  Lessons for North Korea's Development from Other Countries

• Chapter Six

  Frameworks to Attract Foreign Investment

• Chapter Seven

  Reform Roadmap: A Synthesis

• Chapter Eight

  A North Korea Open for Business: Benefits for All

• Appendix

  Constructing Similarity Indexes