 North Korea: Sanctions, Engagement and Strategic ReorientationAsian Economic Policy Review, 2019, vol. 14, issue 2, 189-209 Abstract: This paper examines the roles that sanctions, and inducements might play in resolving the North Korea problem. It finds that while the “maximum pressure” narrative is plausible, the evidence to substantiate it is thin. Likewise, the North Korean regime is aware of the potentially constraining (or even destabilizing) political implications of cross‐border economic integration and has acted to structure engagement in ways to blunt its transformative impact. Maximizing the transformative possibilities of engagement will require conscious planning by North Korea's partners. Multilateral guidelines and voluntary codes on corporate conduct could be used to anchor this process, but they will only be effective if there is greater political commitment to such norms than has been witnessed to date. Without such commitments, engagement risks enabling North Korea's doctrine of the parallel development of the economy and weapons of mass destruction. Date: 2019 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:asiapr:v:14:y:2019:i:2:p:189-209 Ordering information: This journal article can be ordered from Access Statistics for this article Asian Economic Policy Review is currently edited by Takatoshi Ito, Akira Kojima, Colin McKenzie and Shujiro Urata More articles in Asian Economic Policy Review from Japan Center for Economic Research Contact information at EDIRC. |
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