Economic Interdependence and Security on the Korean Peninsula

Given North Korea’s desire to maintain nuclear weapons—and barring its unexpected collapse—how can the US and its allies establish and maintain a peaceful Northeast Asia? Current US policy alternatives do not offer an effective means for removing North Korean nuclear weapons without creating many more serious problems that jeopardize a stable future for Northeast Asia. However, by engaging in foreign direct investment (FDI) through North Korea’s special economic zones, the United States and other nations can engage North Koreans at all levels of society and build a future environment of cooperation and stability. Such a long-term engagement policy will prove more successful than isolation, sanctions, or military force, and will bolster regional actors’ efforts to develop additional stability-inducing policies

Business · China · Development economics · Economic sanctions · Economics · Economy · Foreign direct investment · Geography · International trade · National security · Nuclear weapon · Peninsula · Political economy · Political science · Sanctions · Economic Sanctions and International Relations · Economic Zones and Regional Development · Korean Peninsula Historical and Political Studies · Law

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  Open Access•Sina Hardaker•European Journal of Development…•2020

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