Analysis North Korea’s economic reintegration: past lessons from former pariah statesPrecedent suggests institutional change is essential for real development In the runup to his third meeting with North Korean Chairman Kim Jong Un next month, South Korean President Moon Jae-in pledged to take bold steps towards denuclearization and reconciliation with North Korea. In particular, President Moon said the North’s economic revitalization will be a “difficult process,” but spoke promisingly about the long term prospects for inter-Korean integration. In these remarks, he cited a study estimating that cooperative ventures between the North and South could yield USD$150 billion over the next three decades. Advancing towards this ambitious goal will require North Korea to disentangle © Korea Risk Group. All rights reserved. |