Munich Personal RePEc Archive

Hard Target: Sanctions, Inducements, and the Case of North Korea

Haggard, Stephan and Noland, Marcus (2016): Hard Target: Sanctions, Inducements, and the Case of North Korea.


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In this volume, we draw on a growing theoretical and empirical literature on economic statecraft to connect marketization processes, changing foreign economic relations and the strategic interplay around the North Korea’s nuclear program. The ultimate objective is not only to understand North Korea but to address the debate over the merits and demerits of “engagement” with adversaries. However, this manuscript is not simply about North Korea. It also seeks to address the broader theoretical and empirical question of how and whether “engagement” with adversaries—and economic engagement in particular--can mitigate security dilemmas, induce cooperation and even transform recalcitrant states.

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