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 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…
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…
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…
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…
By William Brown New data shows North Korea’s imports of agricultural consumer goods from China, generally sold in markets, are holding up well in contrast to plummeting imports of investment goods procured by and for the state. This may be helping Kim control inflation and supports the won but carries ominous implications for the future…
By William Brown Some in Washington and elsewhere continue to think sanctions pressures are easing on North Korea, and that Marshal Kim heads into his second summit with President Trump in a strong position. We face a lot of uncertainties when it comes to North Korea, but Kim is probably not going to Vietnam with the…
By William B. Brown North Korea’s won has slipped ever so slightly against the dollar in recent weeks. This is not surprising given the dollar’s worldwide strength but presents an interesting conundrum for the Chosun central bank. It no doubt knows that pegged currencies could break suddenly when a small divergence, a wiggle, catches the…
By William B. Brown First, the things that I liked Overall the tone is good. The business suit and Kim’s bearing suggest an earnest man wanting to get important problems resolved and see progress on major developments that are underway. And his warnings to the United States - the possibility of negative actions if the…