| ID | 092928 |
| Title Proper | Likely impact of the U.S. recession on negotiations with North Korea |
| Language | ENG |
| Author | Chang, Semoon |
| Publication | 2009. |
| Summary / Abstract (Note) | The last six-party talks ended in December 2008. The inactive period coincided with a serious recession in the United States that led to annual budget deficits for fiscal years 2008-2009 and 2009-2010 that easily exceeded $1 trillion. The United States will not be in a position to offer meaningful economic concessions to North Korea. Further, the removal of North Korea by the United States from the list of state sponsors of terrorism in 2008 is symbolic because there are numerous other sanctions still in effect against North Korea. The road map toward successful negotiations will have to be composed of comprehensive plans in which both North Korea and the United States can see what the ultimate outcome of their concessions is likely to be. |
| `In' analytical Note | North Korean Review Vol. 5, No. 2; Fall 2009: p.43 - 56 |
| Journal Source | North Korean Review Vol. 5, No. 2; Fall 2009: p.43 - 56 |
| Key Words | North Korea ; Sanctions ; Recession ; Deficit Financing ; Uncharted Territory |