Numerical exercises we have performed indicate that when one operates a country as a slavery system, the slaves would end up barely subsisting, whereas the masters could live affluently.What might North Korea do to achieve prolonged economic progresses? The followings appear to be the bare...

The Northeast Asian security environment is closely linked to Korea's growth perspectives for the future. The spectacular rise of the South Korean economy in the past half century, also known as 'Miracle on the Han River,' has been duly highlighted as one of the most successful cases of economic...

This article reviews the literature on the linkages between political tensions, economic diplomacy and international trade in the light of China's rise in the global economy. The existing scholarly work suggests that economic diplomacy should be more pivotal in economic exchange with China than...

Utilizing a model of income and population growth specialized to a dual-class (master-slave) economy, we show that the lack of ownership for the majority of people may have been the main culprit why North Korea has remained stagnant in the past. The slave-workers, for whom ownership (and...

Economic transition can be divided into two prototypes; one is the market economy epitomized by the United States, and the other is state capitalistic transition (or East Asian transition), represented by China. This study proceeded in two stages of designing transition indicators suited to...