IDEAS home Printed from https://ideas.repec.org/a/sng/ejae01/119.html

An Analysis of North Korean Trade Amid Warming Global Relations Utilizing RCA, RSCA, and TBI

Author

Listed:
  • Aaron Rae Stephens

  • Ramin Kasamanli

Abstract

Based on high profile meetings with South Korean and US leaders, North Korean denuclearization and global economic cooperation is within sight. This paper seeks to outline trade policy opportunities for North Korea given such breakthroughs. This research summarizes international trade in North Korea and identifies sectors of the economy that are poised to further develop the North Korean economy. Employing three measures of trade specialization – RCA, RSCA, and TBI, this paper analyzes time series trade data from 2011 to 2018 in order to reveal specialized export sectors in North Korea. Chinese and UN bans on exports have been particularly damaging to exports from North Korea based on 2018 data. North Korea has comparative advantages in several sectors: coal, fisheries, and apparel among other areas. Trade in North Korea would lead to rapid industrialization and development if the country opens its economy; a well-managed approach would serve to direct development in specific sectors without sacrificing others; moreover, this research advises which sectors can be used to develop North Korea in an early stage of openness.

Suggested Citation

Handle: RePEc:sng:ejae01:119
DOI: 10.5937/EJAE17-24702
as

Download full text from publisher

File URL: https://journal.singidunum.ac.rs/files/2020-17-1/an-analysis-of-north-korean-trade-amid-warming-global-relations-utilizing-rca-rsca-and-tbi.pdf
Download Restriction: no
File URL: https://journal.singidunum.ac.rs/paper/an-analysis-of-north-korean-trade-amid-warming-global-relations-utilizing-rca-rsca-and-tbi
Download Restriction: no
File URL: https://libkey.io/10.5937/EJAE17-24702?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

More about this item

Keywords

;
;
;
;
;

Statistics

Access and download statistics

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sng:ejae01:119. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: EJAE Editorial Office (email available below). General contact details of provider: https://journal.singidunum.ac.rs/ .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.