Prospects for the U.S.-DPRK Normalization and Economic Transition Effects
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This article examines various legal restrictions imposed upon the DPRK by the United States, which precludes the DPRK from actively participating in the international community. The article also examines the potential outcomes of an improved U.S.-North Korea relationship following the denuclearization of the North, such as the country’s removal from the U.S. State Department’s list of state sponsors of terrorism and this action’s subsequent contribution to the marketization of the DPRK. At the same time, the article envisions the approach the United States will take toward the DPRK —as it will no doubt be different from the approach taken with Vietnam. Based on these assessments, the article seeks to understand the interactive relationship between the normalization of the U.S.-North Korea relationship and North Korea’s structural transformation toward a market economy. In terms of legal aspects, the DPRK’s relationship with the United States is expected to make procedural progress. Therefore, a rapid, pragmatic economic change is unlikely to occur in the near future. The DPRK’s normalization with the United States signifies that the United States recognizes the DPRK as a legitimate member of the international community. The international community will perceive the DPRK as a legitimate trade and investment partner in the long term if normalization with the United States can be achieved.
Abstract
This article examines various legal restrictions imposed upon the DPRK by the United States, which precludes the DPRK from actively participating in the international community. The article also examines the potential outcomes of an improved U.S.-North Korea relationship following the denuclearization of the North, such as the country’s removal from the U.S. State Department’s list of state sponsors of terrorism and this action’s subsequent contribution to the marketization of the DPRK. At the same time, the article envisions the approach the United States will take toward the DPRK —as it will no doubt be different from the approach taken with Vietnam. Based on these assessments, the article seeks to understand the interactive relationship between the normalization of the U.S.-North Korea relationship and North Korea’s structural transformation toward a market economy. In terms of legal aspects, the DPRK’s relationship with the United States is expected to make procedural progress. Therefore, a rapid, pragmatic economic change is unlikely to occur in the near future. The DPRK’s normalization with the United States signifies that the United States recognizes the DPRK as a legitimate member of the international community. The international community will perceive the DPRK as a legitimate trade and investment partner in the long term if normalization with the United States can be achieved.
참고문헌 (39)
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