No More Sunshine: The Limits of Engagement with North Korea

March 25, 2018

by Inhan Kim



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President Moon Jae-in appears to be reviving Seoul’s 1998-2008 “sunshine policy” toward Pyongyang. Yet that experience and the policy’s underlying assumptions–which actually violate well-established theories of economic interdependence, engagement, and aid–make economic engagement with North Korea a false promise today.