In the Democratic People's Republic of Korea, the entire people are dynamically campaigning to open up a new phase in building a powerful socialist country upholding the banner of self-reliance under the wise leadership of the respected Comrade
As the world has already witnessed, the DPRK has proudly emerged a politico-ideological power and a military power, and ever since the strategic line of building an economic power by concentrating all efforts on economic construction was set forth, the Korean people's struggle for building an economic power has drawn a great deal of interest from many countries.
The DPRK set a high goal for economic power and is struggling to achieve it under the constant threat of war and vicious and persistent economic sanctions and blockade of the hostile forces.
The respected Comrade
"Leading economic officials should be proactive in organizing and launching the work of establishing on a full scale our own style of economic management embodying the Juche idea, thus giving full play to its advantages and vitality."
The economic power we are building is the country which has strong self-reliance and Juche character and develops with science and technology as the main productive force and a self-supporting and knowledge-based economic power that produces and supplies on its own the material means necessary for national defense construction, economic construction and people's living, integrates science and technology and production and where high-tech industries play the leading role in economic growth.
In order to open up a turning phase in the building of an economic power, we must strengthen the state's function of organizing the economy and develop our style of economic management method that embodies the Juche idea in a comprehensive way.
Our own style of economic management method that embodies the Juche idea is an economic management method that ensures the producers to become the real masters of economic management and fulfill their responsibility and role as masters in production and management in conformity with the principles of the Juche idea and the nature of the socialist system.
Our own style of economic management method that embodies the Juche idea is the method of socialist economic management, which ensures that the centralized and unified guidance of the state is fully realized in economic work and that enterprises take real right of management and actively and creatively conduct production and management.
Establishing our own method of economic management is, in essence, implementing and carrying forward the principles and methods of economic management clarified by President
The Juche-oriented theory of socialist economic management serves as the fundamental guideline and starting point in establishing our style of economic management method embodying the Juche idea in a comprehensive way.
Our own style of economic management is the most scientific and realistic method of economic management.
The first reason for this is that it is the method of economic management that enables us to give full play to the advantages of the socialist planned economy by fully realizing the centralized and unified guidance of the state over economic work.
The socialist economy is a planned economy, and the advantages of the socialist economy are the advantages of the planned economy.
The superiority of the planned economy proved its might and validity in the course of our economic construction in the past.
It is the might and victory of the planned economy that we could complete industrialization in a short period of 14 years while it took a century in other countries and have been able to defend our economy and set a high goal of an economic power despite the persistent economic blockade and sanctions of the imperialists.
The establishment of the socialist system does not mean that the economy can be developed in a planned way naturally.
This can only be realized the most perfectly by thoroughly ensuring the centralized and unified guidance of the state over the overall economy under the wise leadership of the working-class party.
Our own method of economic management, which can ensure maximum profitability while firmly observing the socialist principle, makes it possible to realize the centralized and unified guidance of the state over economic work, thus demonstrating the might, which cannot be conceived under capitalism.
That is because our own style of economic management comprehensively embodies the requirements of the great Juche idea.
This shows that the comprehensive establishment of our style of economic management method with the full realization of the centralized and unified guidance of the state over economic work as its important content, is a scientific and realistic way to open up a turning phase in the building of an economic power by giving full play to the advantages of the socialist planned economy.
And the second reason is that it is the method of economic management that enables enterprises to actively and creatively carry out production and management with the real right of management and thus enhance the responsibility and role of the working masses as the masters of economic management and thus arouse them to the building of an economic power.
Our own style of economic management ensures the enterprises to fulfill their responsibility and role to the full as the basic units of management activities as it enables them to give full play to the revolutionary enthusiasm and creative activity of the working masses as the masters of production and construction.
The responsible management system of socialist enterprises is the method of managing enterprises which makes the enterprises accomplish their missions assumed by the party and the state initiatively and creatively with actual management right on the basis of socialist ownership of the means of production, and which makes the working people fulfill their responsibility and role as masters in production and management.
To enhance the role of enterprises is to enhance the role of economic management officials, scientists, technicians and workers of the unit and to make them produce more products and achieve greater economic efficiency with greater responsibility for and consciousness of the revolutionary tasks assigned to them by making their production and management activities more rationally.
Only in a socialist society based on social ownership of the means of production can the producer masses become the real masters of the economy and the true masters of business management.
It is the scientific accuracy and actuality of the economic management method of our own style that it further enhances the responsibility and role of the producer masses, the masters of economic management by enhancing the role of enterprises, thus contributing to the building of an economic power.
Our own economic management method gives enterprises a lot of managerial power so that various economic problems arising in the production and management activities can be resolved according to the decision of the enterprise.
However, this is by no means a factor that weakens the centralized leadership of the state over economic work and obscures the socialist economic relations.
On the contrary, socialist economic relations will be further consolidated and developed through the period of enhancing the responsibility and role of enterprises.
Competition between socialist enterprises is not an exclusive competition for acquiring monopolistic high-rate profits, but a collectivist competition that is advanced by the united efforts while helping and leading each other, as the preceding units actively help the outdated units while continuing to advance, and the backward units are running forward to overtake them following the achievements and experiences of the preceding units and running forward to overtake them.
In conclusion, our economic management is the most scientific and realistic method of economic management, which enables the working masses, the masters of economic management, to enhance their responsibility and role in socialist economic construction, solve the economic assets for building an economic giant by their own efforts in the spirit of self-development in the earliest possible period and further strengthen the socialist economic system.
As long as we have the wise leadership of the respected Comrade
