POLICY BRIEF 08-4

A Security and Peace Mechanism for Northeast Asia: The Economic Dimension

by Stephan Haggard, University of California, San Diego
and Marcus Noland, Peterson Institute for International Economics

April 2008

The creation of an enduring multilateral security and peace mechanism for Northeast Asia and the furthering of regional economic cooperation have been identified as components of a final resolution of the North Korean nuclear controversy in the Six Party Talks among the United States, China, Japan, Russia, South Korea, and North Korea. Haggard and Noland argue that a central objective should be North Korea’s integration into the world economy, encouraging its economic revival and the resolution of its chronic humanitarian problems, as well as embedding it in relations that could reduce the likelihood of future disruptive behavior. Reform and the international private sector’s involvement in the country’s economic renewal are key. Yet the North Korean tail should not wag the dog: To be fruitful and politically sustainable, the agenda must engage the interests of all six parties, not just those of North Korea. With progress stalled on more legalistic forms of regional integration, the authors suggest that the Economy and Energy Cooperation Working Group, created by the six parties in February 2007, could become the locus for wider economic cooperation and thus complement the security agenda for Northeast Asia.

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RELATED LINKS

Book: Witness to Transformation: Refugee Insights into North Korea January 2011

Peterson Perspective: North Korea's Immunity to Outside Pressure: Part I December 12, 2012

Policy Brief 10-1: The Winter of Their Discontent: Pyongyang Attacks the Market January 2010

Working Paper 10-2: Economic Crime and Punishment in North Korea March 2010

Paper: FTAs and the Future of US-Korean Trade Relations November 2009

Paper: Implementing the KORUS FTA: Key Challenges and Policy Proposals February 2008

Policy Brief 08-6: North Korea on the Precipice of Famine May 2008

Policy Brief 07-7: The Korea-US Free Trade Agreement: A Summary Assessment August 2007

Policy Brief 06-4: Negotiating the Korea–United States Free Trade Agreement June 2006

Working Paper 07-7: North Korea’s External Economic Relations August 2007

Book: Avoiding the Apocalypse: The Future of the Two Koreas June 2000

Book: Free Trade Between Korea and the United States? April 2001

Working Paper 08-4: Migration Experiences of North Korean Refugees: Survey Evidence from China March 2008



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