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| 1 |
ID:
074791
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| Publication |
2006.
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| Summary/Abstract |
For North Korea eventually to become a more stable and normal country, it needs to complete the transition from a command economy to a market economy. The international community can improve North Korea's chances of success by first taking advantage of the new opportunities to train North Koreans in financial, technical, and market economic skills. Additionally, the international community can address infrastructural constraints and undertake comprehensive needs assessments. North Korea will not receive significant international development assistance until it gives up its nuclear weapons. Increasing knowledge about the economy will improve the prospect that any deal reached on the nuclear issue will lead to transformation of the economy.
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| 2 |
ID:
074790
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| Publication |
2006.
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| Summary/Abstract |
The joint determination of the distribution of income, wealth, and political power is a phenomenon that can be observed across countries and economic systems; however, it is far from being the same in every economic system. North Korea is a prime example of this strong connection. Almost nowhere else in the world have economic processes been so thoroughly politicized and dominated by political aims. This paper explores not only the relations between wealth, income, and political power in North Korea, but it also draws some conclusions for foreign aid policies for the impoverished country.
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| 3 |
ID:
074794
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| Publication |
2006.
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| Summary/Abstract |
Both North Korea and South Korea are at a historical crossroad of inter-Korean economic cooperation toward integration. The most auspicious aspect of North Korean reform was firm commitment to launch joint ventures with South Korea to aid in the construction of Gaeseong Industrial Park, located 44 miles from the Seoul metropolitan area. The Gaeseong Special Economic Zone is an administrative zone with special legal status; it is legally separated from the rest of North Korea, and under the guidance of market-oriented principles it is provided with economic autonomy. This paper assesses various perspectives regarding the Gaeseong Industrial Park.
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| 4 |
ID:
074792
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| Publication |
2006.
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| Summary/Abstract |
North Korea is either in violation of, or the target of, more than 13 U.S. laws. Three of these laws have a direct bearing on U.S. economic sanctions against North Korea, which began on June 28, 1950, when the United States invoked a total embargo on exports to North Korea on the basis of the U.S. Export Control Act of 1949. The most favored nation tariffs were banned on North Korea's exports to the United States based on the Trade Agreement Extension Act of 1951, while the Export Administration Act of 1979 allowed North Korea to be branded as a terrorist state when its agents blew up KAL 858 on November 29, 1987. The complexity of existing U.S. economic sanctions against North Korea appears to make it difficult for the United States to unilaterally lift economic sanctions against North Korea without any security concessions from North Korea.
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| 5 |
ID:
074793
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| Publication |
2006.
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| Summary/Abstract |
This paper focuses on the challenge of developing North Korean Special Economic Zones (SEZs) successfully in terms of their ability to utilize and exploit both the competitive capabilities and the market forces of the adjacent South Korean economy. Figure 1 present the developmental path in linking the four SEZs, i.e., "the Westward Expansion Line," starting from the Gaeseong SEZ (via Pyongyang) to the Sinuiju SEZ, and "the Eastward Expansion Line," from Mt. Kumgang (via Won-san) to Rajin-Sunbong. This paper concludes that the route to success for North Korean SEZs lies potentially in not only utilizing South Korea's market competitiveness more effectively, but also in attracting greater levels of investment from South Korean private companies.
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