North Korea and Economic Integration in East Asia

1st Edition

Yeongseop Rhee, Patrick Messerlin

July 18, 2019 Forthcoming
Reference - 152 Pages - 17 B/W Illustrations
ISBN 9780367179762 - CAT# K416085
Series: Routledge Studies in the Modern World Economy


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Throughout North Korea’s history, it has regarded external relations with suspicion and as potential threat to its regime. With North Korea working towards denuclearizing, there is now hope for the economic opening of North Korea. This book looks at external economic strategies that North Korea will show much interest in for its reforms and development, and that are related with East Asian economic integration process.

This book emphasizes that considering theoretical factors and conditions of the North Korean economy, economic opening and integration should have a high priority, anteceding or at least being parallel to economic reforms and transformation. Also, among various alternative strategies to achieve the goal of economic reforms and development based on economic opening, utilization of East Asian regional economic integration framework would be the best option for North Korea, because it can provide an opportunity to overcome structural problems of its external economic relations and to circumvent political conflicts, leading to a smoother rapprochement towards economic opening.

This book is timely as it presents how a new economic blueprint on the Korean peninsula may be accomplished.

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