Working Paper Series WP 09-4 July 2009 Sanctioning North Korea: The Political Economy of Denuclearization and Proliferation Stephan Haggard and Marcus Noland Abstract As a small country dependent on foreign trade and investment‚ North Korea should be highly vulnerable to external economic pressure. In June 2009‚ following North Korea’s second nuclear test‚ the UN Security Council passed Resolution 1874‚ broadening existing economic sanctions and tightening their enforcement. However
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North Korea and South Korea are similar but yet different in many ways‚ such as in economies. North Korea’s economy seems to need support from other countries to survive. South Korea’s seem too able to rebuild their economy even stronger than it was before from the Korean War. North Korea is under a strict communist dictatorship. N. Korea’s leader is Kim Jong II. He came to power in 1994 after his father died. North Korea has a large military and command economy. The average Korean person lives
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Power distance At a score of 60‚ South Korea is a hierarchical society. This means that people accept a hierarchical order in which everybody has a place and which needs no further justification. Hierarchy in an organization is seen as reflecting inherent inequalities‚ centralization is popular‚ subordinates expect to be told what to do and the ideal boss is a benevolent autocrat Individualism South Korea‚ with a score of 18 is considered a collectivistic society. This is manifest
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At the end of Japanese occupation in 1945‚ Korea emerged onto the world stage as one of Asia’s most industrialized nations. Her people surfaced all at once ecstatic‚ confused‚ on the way to prosperous times‚ clothed in rags‚ united as Koreans‚ and yet still divided into societal factions preceding and formed during Japanese occupation. In the decade following her liberation‚ Korea fought a civil war‚ leaving the newly once-again-autonomous nation divided on the 38th parallel. As the South grew into
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Table of Contents Table of Contents 1 Acknowledgement 2 Introduction 3 Questions: 1. What are some of the competitive forces that have made the business environment for Apple more complex in recent years? 4 2. Which aspects of the South Korean market have significant implications for the success or failure of the iPhone in the market and why? 6 3. Besides market entry strategy and marketing mix‚ what other aspects of the planning
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BUSINESS CULTURE IN SOUTH KOREA Korean culture is heavily influenced by Confucian values and this shows in every aspect of life in South Korea. Authorities‚ seniors‚ and elders are always respected‚ and families and friendships are an extremely valuable part of life. South Korea is more conservative both in everyday life and business environment than the Western world but it should be considered as getting different opportunities to do business. Greetings and introduction If possible‚ the
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Introduction The purpose is to analyse a specific given country (South Korea)‚ economic‚ socio-cultural and legal and political environment. Economic environment Past four decade South Korea showed an impressive growth as well as global integration to become a high tech industrialized economy. In past in 1960s‚ the Gross Domestic Product (GDP) per capita was compared to the poor countries (Africa and some parts of Asia)‚ by 2004‚ it joined the trillion dollar club of world’s economies
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means that many many of North Koreans people die of starvation. The last War North Korea was involved in was the Angolan Civil War in 2002. Kim Jong Un killed his uncle in 2013. The government also treats there people poorly. They starve them to death. North Korea is a threat to the World because if they can treat their people that poorly than they can do that same thing to our people. Some believe that North Korea is not a threat because the United States has a better army‚ and we have more nukes
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question that human beings have been seeking throughout the centuries. It is different among nations and changes based on the historical context‚ cultural back ground‚ economic circumstances‚ international relations‚ and any other elements. South Korea today is considered that the country is on a right track to the “good society” due to the democratization‚ economic development‚ and advancement of other sectors. However‚ how can it be the “good society” with the highest suicide rate in the world
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VIew South Korea was the one of the poorest country in the world in 1953 and GNP per person was $67. However‚ South Korea started to develop rapidly since 1960 and reached 10 million dollars of national income in twenty years. Now Korea is one of the G20 members with GDP of $ 1.116 trillion ( 2010 ) . Country studies Korea’s economy was based on agriculture in early days. However‚ contribution of agriculture decreased as Korea industrialize . Agriculture and domestication of Korea is made of
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