Chapter 13: A Global Business Strategy for North Korea
Harry W. Richardson and Chang-Hee Christine Bae INTRODUCTION The United States government has consistently followed a somewhat narrow path in the war against terrorism: protect the United States at home (hence the huge role for the Department of Homeland Security), while abroad the approach has been military action and cooperation with foreign governments in seeking out international terrorists. However, there are other options. The possibility explored here is whether global business, backed up by the support of interested national governments and IFIs (International Financial Institutions), might be able to deter terrorism via a programme of foreign investment from countries directly, indirectly or potentially involved in pro-terrorist activities. For example, could a more even-handed allocation of US resources, both public and private, between Israel and Palestine in recent decades have avoided or at least mitigated terrorist threats from the Middle East? This is a complex question that is difficult to answer and, from a political perspective, probably much too late to explore. This chapter takes a prospective view of a simpler case, that of North Korea (we will use the acronym DPRK, the Democratic People’s Republic of Korea, and we will refer to South Korea as ROK, the Republic of Korea). Although the DPRK has been involved in terrorist activity in the past, we do not consider that it is currently a terrorist state in the strict sense. Apart from occasional military skirmishes with the ROK (usually at sea, especially the sinking of the South Korean corvette, Cheonan, in March 2010...
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