In the mid-1990s, as many as one million North Koreans died in one of the worst famines of the twentieth century. The socialist food distribution system collapsed primarily because of a misguided push for self-reliance, but was compounded by the regime's failure to formulate a quick response-including the blocking of desperately needed humanitarian relief.As households, enterprises, local party organs, and military units tried to cope with the economic collapse, a grassroots proces...

A country of stark contradictions and puzzles, North Korea exhibits uncanny resilience in the face of external shocks and internal woes, raising important questions of theoretical and real-world significance. What has made it possible for North Korea to defy the classical realist axiom, "The strong do what they have the power to do and the weak accept what they have to accept"? What is the nature of the North Korean threat in post-Cold War Northeast Asia? What kind of bargaining leverage d...

Because authoritarian regimes like North Korea can impose the costs of sanctions on their citizens, these regimes constitute "hard targets." Yet authoritarian regimes may also be immune—and even hostile—to economic inducements if such inducements imply reform and opening. This book captures the effects of sanctions and inducements on North Korea and provides a detailed reconstruction of the role of economic incentives in the bargaining around the country's nuclear program.Stephan H...

Countries blessed with abundant natural resources often seek financial and political power from their supposedly lucky status. But the potentially negative impact of natural resources on development of poor countries is captured in the phrase "the resource curse." Instead of success and prosperity, producers of gold, oil, rubber, sugar, and other commodities—many in the least developed parts of Africa and Asia—often remain mired in poverty and plagued by economic mismanagement, political a...

Asian financial systems, which serve the most economically dynamic region of the world, survived the global economic crisis of the last several years. In From Stress to Growth: Strengthening Asia's Financial Systems in a Post-Crisis World, scholars affiliated with the Peterson Institute for International Economics and the Asian Development Bank argue in separate essays that Asian systems must strengthen their quality, diversity, and resilience to future shocks in order to deliver ...

This 2010 book examines the changes in politics, economics, society, and foreign policy in South Korea since 1980. Starting with a brief description of its history leading up to 1980, this book deals with South Korea's transition to democracy, the stunning economic development achieved since the 1960s, the 1997 financial crisis, and the economic reforms that followed and concludes with the North Korean nuclear crisis and foreign relations with regional powers. The theoretical framework of ...

Relations between China and Russia have evolved dramatically since their first diplomatic contact, particularly during the twentieth century. During the past decade China and Russia have made efforts to strengthen bilateral ties and improve cooperation on a number of diplomatic fronts. The People's Republic of China and the Russian Federation maintain exceptionally close and friendly relations, strong geopolitical and regional cooperation, and significant levels of trade. In The Future of ...

Mention North Korea to people today and they will conjure up many unflattering images, particularly in the wake of George W. Bush denouncing the state as part of an "axis of evil". Despite this cold war type rhetoric, the state of North Korea has begun to recognise the difficult challenges that it faces and is now trying to get to grips with them systematically.This book brings together a selection of many of the world experts on the North Korean economy and covers such important is...

South Korea's phenomenal rise has been studied extensively by political scientists and economists both in terms of its impact on democratisation and as a role model for economic development. Yet little attention has been devoted to exploring the nexus between economic development and foreign policy. In South Korea's Rise, Uk Heo and Terence Roehrig propose a new theoretical framework to illustrate how an increase in a country's economic prosperity can bring about change to its foreign poli...

In 2008 Ma Ying-jeou was elected President of Taiwan, and the Kuomintang (KMT) returned to power after eight years of rule by the Democratic Progressive Party (DPP). Since taking power, the KMT has faced serious difficulties, as economic growth has been sluggish, society has been polarised over issues of identity and policy, and rapprochement between Taipei and Beijing has met with suspicion or reservation among large segments of Taiwanese society. Indeed, while improved relations with the...

Today the most dangerous place on earth is arguably the Taiwan Strait, where a war between the United States and China could erupt out of miscalculation, misunderstanding, or accident. How and to what degree Taiwan pursues its own national identity will have profound ramifications in its relationship with China as well as in relations between China and the United States.Events late in 2004 demonstrated the volatility of the situation, as Taiwan's legislative elections unexpectedly ...

The Republic of Korea achieved a double revolution in the second half of the twentieth century. In just over three decades, South Korea transformed itself from an underdeveloped, agrarian country into an affluent, industrialized one. At the same time, democracy replaced a long series of military authoritarian regimes. These historic changes began under President Park Chung Hee, who seized power through a military coup in 1961 and ruled South Korea until his assassination on October 26, 197...