North Korea’s External Economic Relations
AbstractNorth Korea’s international transactions have grown since the 1990s famine period. Illicit transactions appear to account for a declining share of trade. Direct investment is rising, but the county remains significantly dependent on aid to finance imports. Interdependence with South Korea and China is rising, but the nature of integration with these two partners is very different: China’s interaction with North Korea appears to be increasingly on market-oriented terms, while South Korea’s involvement has a growing noncommercial or aid component. These patterns have implications for North Korea’s development, the effectiveness of UN sanctions, and its bargaining behavior in nuclear negotiations.
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Bibliographic InfoPaper provided by Peterson Institute for International Economics in its series Working Paper Series with number WP07-7.
Date of creation: Aug 2007
Date of revision:
North Korea; sanctions; political economy; aid; transitional economies;
Find related papers by JEL classification:
- F5 - International Economics - - International Relations and International Political Economy
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-08-27 (All new papers)
- NEP-INT-2007-08-27 (International Trade)
- NEP-TRA-2007-08-27 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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