Nuclear Disarmament for Sustainable and Dynamic Economic Development in the Korean Peninsula ― Prospects for a Peaceful Settlement

The anthology discusses the formula of a «grand bargain» to denuclearize the Korean peninsula. Scholars from the US, South Korea, China, Russia and the former UK ambassador Everard review recent historical developments and political objectives and constraints of the DPRK regime. They also analyse the geopolitical situation in Northeast Asia from the perspective of China, Russia and South Korea. The book offers a multifaceted analysis of a pressing policy issue. The proposal is to offer security guarantees and substantial financial support for opening North Korea’s economy and taking verifiable steps towards denuclearization. Sanctions would be a last resort in case North Korea fails to denuclearize.

Chan Y. Bang is co-founder and president of KIMEP University. He received his PhD from the University of Colorado and taught at UCLA, University of San Francisco and Hanyang University. In Kazakhstan, he served as economic advisor to the president and vice chairman of the Economic Expert Committee with responsibility for introducing market reforms and privatization.

Gerald Pech is associate professor of economics and acting dean of the College of Social Sciences at KIMEP University, specializing in game theory, public economics and the economic analysis of institutions. He received his doctorate from Ruhr-University Bochum and has held teaching and research positions in Germany, the UK, Ireland and Bulgaria.