Posted on November 6, 2009 in North Korea.

This week, we’re featuring recent policy briefings by the Ilmin International Relations Institute at Korea University. The second in the series is by John Park of the U.S. Institute of Peace.

Park concludes:

The recent application of financial sanctions on North Korea provides a unique opportunity to further understand the reclusive regime in terms of how it operates and reacts to external stimuli.  As discussed above, it may have already adapted and modified North Korea, Inc. in order to weather the current multilateral implementation of financial sanctions ... Without more analysis in this area, we may either overestimate or
undervalue the effectiveness of this unique policy instrument with disastrous results in either case.”

Download the entire briefing here.