scholarly journals Effectiveness of Economic Sanctions against North Korea and Role of China: Empirical Approach

2017 ◽  
Vol 22 (2) ◽  
pp. 8-15
Author(s):  
Jina Choi ◽  
◽  
Hyoshin Kim ◽  
Jinhwan Oh ◽  
◽  
...  
2018 ◽  
Vol 64 (1) ◽  
pp. 131-141 ◽  
Author(s):  
Bob Carbaugh ◽  
Koushik Ghosh

The United States has enacted economic sanctions against North Korea since the early 1950s when North Korea attacked South Korea. Can North Korea be pressured into giving up its nuclear weapons? This article discusses the role of economic sanctions as a tool of international diplomacy with North Korea. Using concepts and tools taught in undergraduate economics classes, the article discusses the operation of sanctions and then it applies this analysis to the case of North Korea. The article examines the success that sanctions have achieved in bringing Kim Jong Un to the bargaining table and the difficulties that sanctions encounter in promoting a lasting resolution of the conflict between North Korea and the United States. The article is written for a broad audience of economics students. JEL Classifications: F0, F1


2020 ◽  
Vol 23 (2) ◽  
pp. 177-193
Author(s):  
Woo-Jun Min ◽  
Sukhee Han

At the beginning of 2018, North Korea halted its long-range nuclear- and ballistic-missile development programs and announced that it was willing to denuclearize. Soon afterwards, it reached out to countries including the US, China and South Korea. This sudden change in behavior marked the end of six years of extreme isolation under Kim Jong-un’s leadership. To explain why North Korea decided to reach out when it did, the present study examines the 2006–2018 economic sanctions levied on North Korea under the US maximum-pressure policy, carried out partly in cooperation with China. The findings suggest that economic sanctions were ineffective between 2006 and 2016 for two reasons: the lack of cooperation between the US and China, and China’s policy of assisting North Korea. In 2006–2016, China and North Korea had shared values and high volumes of trade; there were no clear signs of cooperation between the US and China. However, as trade between China and North Korea began to decrease in late 2017 and early 2018, there were signs of cooperation between the US and China, and changes in North Korean behavior. North Korea came to the negotiating table largely to lift the economic sanctions, which were strengthened by cooperation between the US and China. Increased economic pressure compelled North Korea to normalize its relations with the US, China and South Korea.


2006 ◽  
Vol 2 (2) ◽  
pp. 23-35
Author(s):  
Peter Beck ◽  
Nicholas Reader
Keyword(s):  

2005 ◽  
Vol 29 (3) ◽  
pp. 31-49
Author(s):  
Peter M. Beck ◽  
Nicholas Reader
Keyword(s):  

2021 ◽  
Vol 94 (3) ◽  
pp. 464-492
Author(s):  
Sung Hyun Son ◽  
Joonmo Cho

This study analyzes the effects of the economic sanctions against North Korea since 2016 on the economic well-being of North Korean cities. As a proxy for economic well-being, we use nighttime light (NTL), which we estimate from 1992 to 2019 through an inter-calibration process for DMSP/OLS and SNPP/VIIRS. We found that NTL in North Korea was getting brighter up until 2009, but that the growth rate of total NTL in 25 major North Korean cities began to decrease from 2016. The decline in the NTL growth rate of Pyongyang, the capital city, as well as in cities bordering China and in self-regenerating cities, was relatively slight. By contrast, the declines in the NTL growth rate of coal-mining cities and inland cities without sufficient production bases were greater than those in other cities, and some cities experienced negative growth in 2019. Cities in regions relying on coal mining have traditionally accounted for a large portion of North Korea's exports, and since these cities have been heavily affected by sanctions, coal mining could become a vulnerable sector, which would threaten North Korea's economic well-being.


2018 ◽  
Vol 3 (1) ◽  
pp. 41-53
Author(s):  
Herawan Sauni ◽  
Dimas Dwi Arso

This research is purpose to know the role of Otoritas Jasa Keuangan in overcome fictitious investment in Bengkulu city and To know the efforts of Otoritas Jasa Keuangan to protect the consumers that take fictitious investment in Bengkulu city. This research uses empirical approach, that is research in the place by using interviews to get answers about the role of Otoritas Jasa Keuangan to overcome fictitious investment in Bengkulu city and the efforts of Otoritas Jasa Keuangan to protect consumers that has done fictitious investment in Bengkulu City. This research uses two types of data,that is primary data and secondary data. Then, its data to be analyzed in a research report that is qualitative descriptive. The results of the research is the role of Otoritas Jasa Keuangan to  overcome fictitious investment in Bengkulu City that is preventive and repressive efforts. The preventive efforts for example to socializing and educating people to alert investment and coordinating with law enforcers and other regulators. The repressive efforts, for example set up an Alert Investment task force in every area. Then the efforts of Otoritas Jasa Keuangan to protect consumers that have  fictitious investment in Bengkulu City is regulated in POJK Number 1 / POJK.07 / 2013 about Perlindungan Konsumen Sektor Jasa Keuangan


2020 ◽  
Vol 20 (4) ◽  
pp. 99-112
Author(s):  
Victoria E. Nekrestova ◽  
Irina A. Somova

The paper reviews the effect of nonmonetary factors on inflation dynamics in Russia from 2000 to 2018. The period under review was divided into two intervals with different economic dynamics: 2000–2008 – the period of economic growth in Russia, 2009–2018 – the period of a slower rate of economic growth. Both periods were analyzed for various nonmonetary factors having an impact on inflation, which helped reveal common as well as distinctive features of nonmonetary factors. Some factors, such as the growth rate of agricultural prices had a significant impact on the consumer price inflation dynamics over the whole period under research. Other nonmonetary factors ceased to have an effect on consumer prices making room for others. Thus, the volume of imports turned out to be significant only in the period from 2009 to 2018, which is explained by the geopolitical situation and introduced economic sanctions. The conducted research confirmed a growing role of nonmonetary factors in the inflation processes. This conclusion requires consideration of specific features of nonmonetary causes of inflation on behalf of the Central bank and the fiscal organs in development of concrete steps to reduce inflation. The priority should continue to be given to effective tariff regulation, modernization of industry and promotion of competition.


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