As non-tariff forms of trade protection proliferate it has become more difficult to analyze the impact of trade policy on trade flows. In a number of well-known papers researchers have attempted to infer the impact of trade policy indirectly by ascribing to trade policy the differences between...

The World Bank began this decade talking of Asian miracles. It may enter the next one speaking of Asian depressions. After World Bank Vice President for Asia Jean-Michel Severino used the "d" word in May to describe the course of events in developing Asia, the organization was forced to come up...

In this paper we start from incomplete data ridden with gross measurement errors to construct the underlying data base for a computable general equilibrium model (CGE) of the North Korean economy using cross-entropy estimation techniques. This model incorporates fragmentary information in a...

The state is often conceptualized as playing an enabling role in a country's economic development--providing public goods, such as the legal protection of property rights, while the political economy of reform is conceived in terms of bargaining over policy among elites or special interest...

North Korea's confiscatory currency reform and the subsequent ban on the use of foreign currencies are economically misguided policies and will result in the reduction of North Korean residents' welfare. These developments come at an inopportune time with the country facing economic stagnation,...

The creation of an enduring multilateral security and peace mechanism for Northeast Asia and the furthering of regional economic cooperation have been identified as components of a final resolution of the North Korean nuclear controversy in the Six Party Talks among the United States, China,...

North Korea is on the brink of famine. The aggregate food picture appears worse than at any time since the famine of the 1990s. The margin of error between required grain and available supply is now less than 100,000 metric tons. Local food prices are skyrocketing faster than world prices. The...

The North Korean economy cannot sustain its population. Absent fundamental economic reforms, it will never be able to do so. Hence North Korea will require sizable external support for the foreseeable future. South Korea, China, Japan, and the United States have been willing to provide this...

On the Korean peninsula one of the greatest success stories of the postwar era confronts a famine-ridden--and possibly nuclear-armed--totalitarian state. The stakes are extraordinarily high for both North and South Korea and for countries such as the United States that have a direct stake in...