Economic Sanctions During Humanitarian Emergencies: The Case of North Korea
Asia - Pacific Issues
; - (157):1-8, 2023.
Article
in English
| ProQuest Central | ID: covidwho-2261849
ABSTRACT
summary North Korea is experiencing yet another cycle of humanitarian distress. While sanctions are not the primary cause, they are a contributing factor. This essay examines the channels through which sanctions affect the North Korean economy and reaches four conclusions:
First, sanctions have contributed to a deterioration of economic performance. Second, the UNSC's 1718 Sanctions Committee should consider a thorough review to identify goods that would warrant blanket humanitarian financial sanctions have raised the risk premium on all financial transac-tions with North Korea;the sanctioning authorities need to do a better job of clarifying transactions permissible under humani-tarian exemptions. Finally, while the global community should reassess its policies, the government of North Korea bears respon-sibility as well. The benefits of sanctions relief will be diminished if North Korea refuses to engage constructively with the tional on a broader range of issues running from basic humanitarian relief to economic reform.Analysis:
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Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Asia - Pacific Issues
Year:
2023
Document Type:
Article
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