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On Korea: Academic Paper Series 2011

Publication: December 2011
Abraham M. Denmark

Proactive Deterrence: The Challenge of Escalation Control on the Korean Peninsula

Since the signing of the Mutual Defense Treaty in 1953, the U.S.-ROK alliance has been tremendously successful in deterring a large-scale attack by the DPRK. Even during national famines and persistent mass poverty, North Korea has invested significant percentages of its national wealth into developing a large military force; in…

Developing an International Financial Center to Modernize the Korean Service Sector

Along with the revolution in the information technology (IT) industry, the world economy has also witnessed a spectacular rise of the financial industry in recent decades. The GDP share of value-added by the U.S. financial sector more than tripled from 3 percent in 1950 to over 9 percent in 2007.…

2012 Nuclear Security Summit: The Korean Twist

The March 2012 Nuclear Security Summit (NSS) in Seoul, Korea comes at a critical juncture when the world continues to experience a growing number of terrorist attacks leading to mounting concerns about the threat of nuclear terrorism. Nightmare scenarios include vulnerable nuclear materials falling into the wrong hands and nuclear…

Reviving the Korean Armistice: Building Future Peace on Historical Precedents

Despite the critical function of the armistice, very little political attention has been paid to the agreement, with few bureaucrats, policymakers, and Korea experts sufficiently knowledgeable about its details. Surprisingly, the political leaderships and their supporting bureaucracies in all the relevant countries with vested interest in a permanent peace arrangement—the…

KORUS FTA vs. Korea-EU FTA: Why the Differences?

The Korea-U.S. Free Trade Agreement (KORUS FTA) and the Korea-European Union Free Trade Agreement (Korea-EU FTA) are the major FTAs for the Korean economy. Although both FTAs share many similarities, there exist various differences between these FTAs. The objective of this paper is to identify the differences in the KORUS…

Preparing for Change in North Korea: Shifting Out of Neutral

This study was undertaken to assess possible futures for the North Korean regime and the Korean peninsula that could affect U.S. and regional interests, and to consider which U.S. and regional strategies and policy actions could both prepare for possible outcomes and shape those outcomes to better serve U.S. interests.…