Special Roundtable: What If? Economic Implications of a Fundamental Shift in North Korean Security Policy
Nicholas Eberstadt, Richard J. Ellings, Bradley Babson and Marcus Noland
Visualizing a North Korean “Bold Switchover”: International Financial Institutions and Economic Development in the DPRK
Bradley O. Babson
What issues would be involved in the mobilization of international aid to support any future “bold switchover” in North Korea’s security policy? What are the possible roles for international financial institutions (IFI) such as the World Bank? This essay argues that any IFI role would require major shifts in the way that North Korea currently shares information, develops economic policies and institutional capacities, and works with foreign partners.
The Economic Implications of a North Korean Nuclear Test
A North Korean nuclear test would likely have a negative, though non-catastrophic, economic impact on East Asia as a region. This essay provides a brief country-by-country overview of such likely effects and points out the need for the international community to avoid such a scenario.