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The Effectiveness of U.S. Economic Sanctions on North-Korea: A Comparison of the case of Libya

Soon Sik Hong

Sogang Institute for East Asian Studies, Sogang University

Published: August 2007 · Vol. 26 No. 2 · pp. 533-573

DOI: https://doi.org/10.33334/sieas.2007..53.533

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Abstract

This paper attempts to evaluate the effectiveness of U.S. economic sanctions on North-Korea. To review the effectiveness, U.S. economic sanctions on North-Korea are compare the case of Libya. This paper explains U.S. economic sanctions currently in place and summarizes questions. The problems of U.S. economic sanctions on North-Korea are minium of multilateral cooperation, irrationality of object and A means of the greatest expenses. judging from this problems, U.S. economic sanctions on North-Korea have been a petty effectiveness. Like this, Economic policy options include easing economic sanctions, leading to open society and nomalizing relations with North-Korea. The wisest policy is not economic sanctions on North-Korea but minium of conflict through economic incentives.
Keywords: U.S. Economic Sanctions on North-KoreaLibyaEffectiveness of Economic Sanction