Please find the video for this event below.
International Sanctions and Economic Relations
with North Korea
Adjunct Professor, Georgetown University
Assistant Professor, Peking University
Senior Director of Congressional Affairs and Trade, Korea Economic Institute
Senior Researcher, Center for Korean Studies, Russian Academy of Science, Institute of Far Eastern Studies
Director, Korea-Pacific Program
and Distinguished Professor of Political Science at the School of Global Policy and Strategy at UC San Diego
New sanctions on North Korea in response to the recent nuclear test and long range missile launch promise to be the most punitive measures yet, though will not completely sever external economic ties. Russia and China have taken a more stern approach to follow the U.S. and South Korea lead in the U.N., but will still continue to engage economically with the rogue state. Seoul’s decision to close the Kaesong Industrial Complex marked the end of the largest Inter-Korean economic project, raising a number of questions as to whether ties can ever be reestablished and under what conditions. Although Japan has had minimal economic interaction with North Korea, normalization of relations with South Korea in 1960s presents a blueprint that could be attractive to both Tokyo and Pyongyang, but require a number of contingencies to be addressed first.
Understanding the magnitude of North Korea’s economic relationships in the region as well as the impact of new constraints are vital to gauge the direction of ongoing trends with a country increasingly cut off from the global economy. This panel explores these economic ties with North Korea from the perspective of partners and potential partners in Northeast Asia.