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North Korea: Sanctions, Engagement and Strategic Reorientation

Author

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  • Marcus Noland

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.

Suggested Citation

  • Marcus Noland, 2019. "North Korea: Sanctions, Engagement and Strategic Reorientation," Asian Economic Policy Review, Japan Center for Economic Research, vol. 14(2), pages 189-209, July.
    • Handle: RePEc:bla:asiapr:v:14:y:2019:i:2:p:189-209
    DOI: 10.1111/aepr.12255
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    Cited by:

    1. Evgeny V. Balatsky, 2024. "The multilevel management system for Russian economy amid sanctions," Journal of New Economy, Ural State University of Economics, vol. 25(2), pages 6-26, July.
    2. Noland, Marcus & Haggard, Stephan, 2023. "Economic Sanctions during Humanitarian Emergencies: The Case of North Korea," MPRA Paper 115920, University Library of Munich, Germany.
    3. Eungi Kim & Eun Sil Kim, 2020. "A critical examination of international research conducted by North Korean authors: Increasing trends of collaborative research between China and North Korea," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(1), pages 429-450, July.

    More about this item

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • J47 - Labor and Demographic Economics - - Particular Labor Markets - - - Coercive Labor Markets
    • J8 - Labor and Demographic Economics - - Labor Standards
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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