Abstract
This chapter arrives at the culmination of the main tenet of this book—what conditions must be satisfied and which measures must be taken in order for the DPRK to survive without nuclear weapons as an economically prosperous, normalized state. It addresses the essential attributes of how North Korea can secure a road to a “bright future” through radical, market-oriented reform and opening with spectacular economic growth in return for the dismantlement of its nuclear weapons program. It ultimately outlines a cohesive blueprint for market-oriented economic reform and opening, drawing on the lessons learned from the experiences of other formerly socialist economies while acknowledging the unique situation of North Korea.
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Notes
- 1.
Fifield, Anna. 2019. The Great Successor: The Divinely Perfect Destiny of Brilliant Comrade Kim Jong Un. New York: Public Affairs. p. 276.
- 2.
Silberstein, Benjamin Katzeff. 2019. “Kim Jong-un’s speech at the SPA in April 2019.” North Korean Economy Watch. Retrieved from https://www.nkeconwatch.com/2019/04/14/kim-jong-uns-speech-at-the-spa-in-april-2019/.
- 3.
Kim, Jack. 2019. “North Korea’s Kim: I don’t want my children to bear burden of nuclear arms—report.” Reuters. Retrieved from https://www.reuters.com/article/us-northkorea-usa-kim/north-koreas-kim-i-dont-want-my-children-to-bear-burden-of-nuclear-arms-report-idUSKCN1QC0CZ.
- 4.
Fifield, Anna. 2019. The Great Successor: The Divinely Perfect Destiny of Brilliant Comrade Kim Jong Un. New York: Public Affairs. p. 267.
- 5.
Bang, Chan Young. 1995. The Democratic People’s Republic of Korea at a crossroad, Park Young-sa. Seoul: Bak Young Sa. pp. 181–242.
- 6.
Stradiotto, Guo. 2007. “The Nature and Direction of Economic Reform in North Korea.” Political Studies 55: 754–778.
- 7.
Delury, John. 2018. “Kim Jong-un Has a Dream. The U.S. Should Help Him Realize It.” The New York Times. Retrieved from https://www.nytimes.com/2018/09/21/opinion/kim-jong-un-moon-economic-development-north-korea-denuclearization.html.
- 8.
Beech, Hannah. 2019. “Vietnam Summit Hosts Offer North Korea a Model: Cozy Up to the U.S.” New York Times. Retrieved from https://www.nytimes.com/2019/02/26/world/asia/trump-kim-vietnam-summit-north-korea-relations.html.
- 9.
See, for example, Bang, Chan Young. 2018. “Why North Korea Can’t Follow in Vietnam’s Footsteps.” The Diplomat. Retrieved from https://thediplomat.com/2018/07/why-north-korea-cant-follow-in-vietnams-footsteps/.
- 10.
Park, Yong-soo. 2009. “The Political Economy of Economic Reform in North Korea.” Australian Journal of International Affairs 63 (4): 529–549.
- 11.
Yonhap News. 2016. “N. Korea ranks No. 1 for military spending relative to GDP: State Department report.” Retrieved from en.yna.co.kr/view/AEN20161223000200315.
- 12.
KINU. 2017. Analysis of 2017 North Korea’s New Year’s Day Speech and Prospect for its Internal and External Policy.
- 13.
Hung, Li. 1977. China’s Political Situation and the Power Struggle in Peking.
- 14.
Kim, Suk-Jin & Yang, Moon-Soo. 2015. The Growth of the Informal Economy in North Korea. Seoul: KINU.
- 15.
Jung hoon, L. 2014. North Korea’s Market Price and Inflation-Related Issues. Seoul: Hanul. pp. 230–231.
- 16.
Bank of Korea. 2018. Foreign Exchange Reserves.
- 17.
Agency of Statistics of the Republic of Kazakhstan. 2018. GDP and holding foreign currency Kazakhstan.
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Bang, C.Y. (2020). Economic Modernization Beyond Denuclearization. In: Transition beyond Denuclearisation. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-15-4316-6_4
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