KEI Senior Director Troy Stangarone and KEI Board Member William Brown contributed chapters to the new book “The Political Economy of North Korea: Domestic, Regional, and Global Dynamics,” published by…
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KEI Contributor – William Brown
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July 27, 2022
This chapter takes the perspective of North Korea’s leadership as it confronts difficult economic problems in the remaining months of 2018. The major current and potential issues are listed and…
August 3, 2018
Much is made in Western circles of North Korea’s economic dependence on China amid questions of whether and how much leverage this gives Beijing. In an end game, however, Pyongyang…
October 6, 2016
North Korea badly needs change but whether that change can and should be induced or forced from the outside is open to question. This paper proceeds from the perspective that…
February 15, 2012
The United States and South Korea scored nearly identical GDP results in the first quarter of 2025 according to newly updated but still preliminary data. Both showed slightly negative change from the fourth quarter of 2024; the United States declining at a negative 0.2 percent rate and South Korea at a negative 0.8 percent rate,…
June 10, 2025
The South Korean won has reached record lows against the U.S. dollar in recent days, just as heavy U.S. tariffs against what President Donald Trump says is an unsustainable South Korean trade surplus threaten the country’s exports. The issue, however, is not new. The won—now close to 1,500 to the dollar—was hit hard by the…
April 10, 2025
Western media and foreign policy specialists point to a self-confident Kim Jong Un, willing to take large risks as he again contemplates dealing face-to-face with US President Donald Trump and as he works closely with Russian President Vladimir Putin to send weapons and soldiers into the war in Ukraine. Meanwhile, Kim continues to fire UN-prohibited…
January 27, 2025
Financial issues plagued North Korea in 2024 with Kim Jong Un’s singular success, halting the hyperinflation and currency debasement, suddenly coming unraveled in mid-year. After a decade of price and currency stability, the value of the North Korean won suddenly fell by about two-thirds between July and December. By year’s end, 27,000 won was needed…