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The AP reports:

Impoverished North Korea can liberalize its economy while maintaining its political system if it follows the path taken by China and Vietnam, prominent economist Nouriel Roubini said Wednesday.

"I think the lesson is that progressive economic opening and liberalization even in a formerly centrally-controlled economy can lead to beneficial changes," Roubini told reporters on the sidelines of a technology forum.

The headline reads "Roubini recommends Chinese model for North Korea" when I think he means that it's one possibility. The AP makes it sound like Roubini supports the Chinese model.

To Kim Jong Il, I think the words "Chinese model" mean something very different.

Posted by edelfenbein at May 27, 2009 9:09 AM