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The Sino-North Korea international economic relationship and the economic development of North Korea

Title
The Sino-North Korea international economic relationship and the economic development of North Korea
Authors
Mah, Jai S.
Ewha Authors
마재신
SCOPUS Author ID
마재신scopus
Issue Date
2021
Journal Title
WORLD ECONOMY
ISSN
0378-5920JCR Link

1467-9701JCR Link
Citation
WORLD ECONOMY vol. 44, no. 2, pp. 586 - 600
Keywords
Chinaeconomic developmentforeign direct investmentNorth Koreatrade
Publisher
WILEY
Indexed
SSCI; SCOPUS WOS scopus
Document Type
Article
Abstract
The North Korean government has tried to promote export and attract foreign direct investment (FDI) since the 1990s. Sino-North Korea trade values jumped during the 2000s, and China became North Korea's largest trade partner. China's FDI in North Korea began to increase abruptly since the late 2000s. The mining sector led China's investment in and import from North Korea. Although China has dominated any other country in FDI inflows and international trade with North Korea, the former's contribution to the economic development of the latter has not been so substantial in the light of the composition of international trade and FDI inflows. To materialise the potential of Sino-North Korea trade and Chinese firms' investment in North Korea further, it is essential to improve North Korea's diplomatic relationship with China. In addition, the North Korean government needs to pay attention to upgrading the structure and composition of bilateral trade and FDI inflows from China.
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DOI
10.1111/twec.12903
Appears in Collections:
스크랜튼대학 > 국제학부 > Journal papers
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