August 23, 2012

Are Rare Earths North Korea's New Trump Card?

East Asia Forum, East Asia Forum

AP Photo

Paradoxically, the promise of Kim Jong-il might soon come true and North Korea may become a ‘rich and powerful state’ — rich in natural resources and empowered by nuclear technologies. Might North Korea not need to go through a painful and potentially destabilising economic reform? With increased state revenue from REMs, the level of prosperity in the two halves of the divided Korean Peninsula may gradually start equalising, opening more opportunities for greater exchange and cooperation and reducing the fear of another war for unification.

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TAGGED: Rare Earths, North Korea

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