BEYOND BALANCING: ECONOMIC COOPERATION ON THE KOREAN PENINSULA
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This article attempts to answer the question of how we can best deal with the securit threat posed by North Korea. It argues that the most effective way to ease tensions on the Korean Peninsula and lower the security threat to the region is to engage North Korea economically in the context of a strong defense posture. In the first section, it makes the case for a broad-based and flexible approach to economic engagement. It then provides a comprehensive review and assessment of North Korea's external economic linkages and the steps undertaken to economically engage North Korea to date. These activities include trade and investment, humanitarian assistance and the light water reactor project undertaken by the Korean Peninsula Energy Development Organization (KEDO). It concludes by examining the prospects for sustaining and deepening economic cooperation with the North.
Abstract
This article attempts to answer the question of how we can best deal with the securit threat posed by North Korea. It argues that the most effective way to ease tensions on the Korean Peninsula and lower the security threat to the region is to engage North Korea economically in the context of a strong defense posture. In the first section, it makes the case for a broad-based and flexible approach to economic engagement. It then provides a comprehensive review and assessment of North Korea's external economic linkages and the steps undertaken to economically engage North Korea to date. These activities include trade and investment, humanitarian assistance and the light water reactor project undertaken by the Korean Peninsula Energy Development Organization (KEDO). It concludes by examining the prospects for sustaining and deepening economic cooperation with the North.