Once Again, Sanctions Enforcement

In an earlier post, I talked about the qualitative evidence that North Korea is starting to experience distress, and noted that the ultimate fate of the North Korean economy hinges more than ever on what China chooses to do. At a recent meeting in Washington, I had the pleasure of catching up with Prof. Byung-yeon Kim (Seoul National University), one of the leading South Korean economists working on the North Korean economy. We had a lively discussion with a Chinese colleague about the ongoing i

Source: Peterson Institute (PIIE)