APPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT

A nuclear crisis on the Korean peninsula was primarily caused by security reasons. However, from the very beginning an economic component has been inextricable part of any settlement plan. Since the 1990s the DPRK has been offered economic benefits in return for an agreement to abandon its nuclear p...

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Autor principal:	L. V. Zakharova
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2018
Materias:	korean peninsula dprk nuclear crisis usa sanctions republic of korea china russia engagement economic cooperation International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/328d3dacf88f491a802a4708cfed7e30
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spelling	oai:doaj.org-article:328d3dacf88f491a802a4708cfed7e302021-11-23T14:50:41ZAPPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT2071-81602541-909910.24833/2071-8160-2018-5-62-71-91https://doaj.org/article/328d3dacf88f491a802a4708cfed7e302018-11-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/806https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099A nuclear crisis on the Korean peninsula was primarily caused by security reasons. However, from the very beginning an economic component has been inextricable part of any settlement plan. Since the 1990s the DPRK has been offered economic benefits in return for an agreement to abandon its nuclear program. After the first nuclear test in 2006 the international community led by the USA has emphasized imposing economic restrictions on North Korea. Engagement and sanctions have become two key approaches to dealing with the DPRK. They have been applied simultaneously and separately, unilaterally and multilat¬erally. As a result of the severe economic sanctions imposed against the DPRK by the UN Se¬curity Council the country has been significantly restricted in its external economic relations. Nevertheless, unlike the case of Iran, measures of financial and economic pressure failed to make North Korea abandon its nuclear arsenal, with the escalated tensions between Pyongyang and Washington bringing the region close to war in 2017. In 2018 the situation is dynamically changing as a new stage in the nuclear settlement on the Korean peninsula has begun. The historic USA-DPRK summit held in Singapore on 12 June 2018 opened new opportunities for engaging North Korea. The article revises previous experience and approaches to dealing with the DPRK in the economic sphere with the aim of reducing tensions in the region. Based on the analysis of different strategies applied and positions of the key regional players the author looks at the prospects of using economic methods in the nuclear settlement on the Korean peninsula and also proposes practical measures for economic engagement of the DPRK.L. V. ZakharovaMGIMO University Pressarticlekorean peninsuladprknuclear crisisusasanctionsrepublic of koreachinarussiaengagementeconomic cooperationInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 5(62), Pp 71-91 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	korean peninsula dprk nuclear crisis usa sanctions republic of korea china russia engagement economic cooperation International relations JZ2-6530
spellingShingle	korean peninsula dprk nuclear crisis usa sanctions republic of korea china russia engagement economic cooperation International relations JZ2-6530 L. V. Zakharova APPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT
description	A nuclear crisis on the Korean peninsula was primarily caused by security reasons. However, from the very beginning an economic component has been inextricable part of any settlement plan. Since the 1990s the DPRK has been offered economic benefits in return for an agreement to abandon its nuclear program. After the first nuclear test in 2006 the international community led by the USA has emphasized imposing economic restrictions on North Korea. Engagement and sanctions have become two key approaches to dealing with the DPRK. They have been applied simultaneously and separately, unilaterally and multilat¬erally. As a result of the severe economic sanctions imposed against the DPRK by the UN Se¬curity Council the country has been significantly restricted in its external economic relations. Nevertheless, unlike the case of Iran, measures of financial and economic pressure failed to make North Korea abandon its nuclear arsenal, with the escalated tensions between Pyongyang and Washington bringing the region close to war in 2017. In 2018 the situation is dynamically changing as a new stage in the nuclear settlement on the Korean peninsula has begun. The historic USA-DPRK summit held in Singapore on 12 June 2018 opened new opportunities for engaging North Korea. The article revises previous experience and approaches to dealing with the DPRK in the economic sphere with the aim of reducing tensions in the region. Based on the analysis of different strategies applied and positions of the key regional players the author looks at the prospects of using economic methods in the nuclear settlement on the Korean peninsula and also proposes practical measures for economic engagement of the DPRK.
format	article
author	L. V. Zakharova
author_facet	L. V. Zakharova
author_sort	L. V. Zakharova
title	APPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT
title_short	APPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT
title_full	APPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT
title_fullStr	APPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT
title_full_unstemmed	APPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT
title_sort	approaches to the settlement of the nuclear crisis on the korean peninsula: an economic aspect
publisher	MGIMO University Press
publishDate	2018
url	https://doaj.org/article/328d3dacf88f491a802a4708cfed7e30
work_keys_str_mv	AT lvzakharova approachestothesettlementofthenuclearcrisisonthekoreanpeninsulaaneconomicaspect
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APPROACHES TO THE SETTLEMENT OF THE NUCLEAR CRISIS ON THE KOREAN PENINSULA: AN ECONOMIC ASPECT

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