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Competition for Influence: The Impact of the Nuclear Issue on International Business in North Korea
Abstract
This chapter explores the impact of the North Korean nuclear issue on international business from South Korea and China, two countries which have much at stake but whose engagement strategies have transformed in response to Pyongyang's continued pursuit of nuclear weapons. From the onset of the nuclear crisis in 2002, North Korea's foreign trade has evolved to become overly dependent on China which has major implications for South Korea, whose own economic ties have witnessed a decline. These two countries represent not just different approaches to the nuclear issue but also emerging competition for influence over North Korea with a view to the long-term future of the Korean Peninsula.
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