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North Korean Threats and Asset Markets. Again.

It has long been alleged that North Korea has the capacity to impose asymmetric damage on the financial markets of its neighbors through threats and provocations. When I examined this issue around ten years ago, I conclu...

US Treasury Creates More Hurdles for Business Investment

US Treasury Creates More Hurdles for Business Investment

US business investment—including research and development (R&D) outlays to create intellectual property—hasn't exactly sparkled in recent years (figure 1). Anemic investment is a key reason that US GDP lags 3.6 percent b...

United Nations DPRK Needs and Priorities

United Nations DPRK Needs and Priorities

Last week, Marc Noland walked through WFP/FAO food security report, and reports that North Korea might be entering a new phase of shortages (for example, here from the FAO itself).