KT on the Economics of NK Refugees
Although I don’t agree with the ultimate conclusion of this article, on the economics of North Korean refugees, I can’t say that its reasoning is unsound. As even Nicholas Eberstadt admits, sanctions against North Korea are a risky venture, standing against a solid body of evidence that sanctions–particularly absent other, more positive pressures–don’t work. I happen to think that North Korea is a special case because its poorest are already unnaturally deprived of the benefits of trade, and because those...