North Korea-United States Relations Intro North Korea-United States Relations Have Been Historically Hostile and Developed
North Korea-United States Relations Intro North Korea-United States Relations Have Been Historically Hostile and Developed
North Korea-United States Relations Intro North Korea-United States Relations Have Been Historically Hostile and Developed
INTRO
North Korea–United States relations have been historically hostile and developed
primarily during the Korean War. In recent years relations have been largely defined
by North Korea's six tests of nuclear weapons, its development of long-range missiles
capable of striking targets thousands of miles away, and its ongoing threats to strike the
United States[1] and South Korea with nuclear weapons and conventional forces.
During presidency, George W. Bush referred to North Korea as part of "the Axis of Evil"
because of the threat of its nuclear capabilities.[2][3]
As North Korea and the United States of America have no formal diplomatic
relations, Sweden acts as the protecting power of United States interests in North
Korea[4][5] for consular matters. Since the Korean War, the United States has maintained
a strong military presence in South Korea. However, the United States has
considered, de jure, South Korea as the sole legitimate representative of all of Korea.
Support among the American public for US forces to defend South Korea has increased
steadily. While was at a mere 26% in 1990, it has now nearly tripled to 62%. A majority
of the American public also have a positive view of Moon Jae-In, the South Korean
President as of 2017.[
HISTORY
In 2015, according to Gallup's annual World Affairs survey, only 9% of Americans have
a favorable view of North Korea, while 87% of Americans have a negative view.
[7]
According to a 2014 BBC World Service Poll, only 4% of Americans view North
Korea's influence positively with 90% expressing a negative view, one of the most
negative perceptions of North Korea in the world.
On March 8, 2018, the White House confirmed that President Donald Trump would
accept a meeting invitation from Kim Jong-un. It was suspected that they would meet by
May but later announced to be met on 12th of June, 2018 in Singapore. Press
Secretary Sarah Sanders said that "in the meantime, all sanctions and maximum
pressure must remain.
The negotiators successfully reached the U.S.-North Korea Agreed Framework in
October 1994:
Several provocations from the North Korean government in the form of unauthorized
missile launches and the testing of a major nuclear weapon have ramped up the
potential of a conflict between the states to levels not seen in two decades.
A physical engagement between the two nations still looks highly unlikely, but it is
something that serious analysts and academics have started to talk about.
Clearly, the biggest and most important impact of any conflict between the US and
North Korea — either nuclear or conventional — would be a catastrophic loss of life and
huge human suffering.
But the economic impacts of what would most likely turn out to be a major international
conflict — and most likely involve the first use of nuclear arms since the end of World
War II — would be widespread.
The research house Capital Economics examined some of those potential impacts at
the beginning of August, but now researchers at Oxford Economics have compiled their
thoughts on any conflict into a handy table, which breaks down possible scenarios, the
transmission channels of those scenarios, and their ultimate impacts on the economy,
whether local or global.
The Korean Peninsula, the most likely center of a conflict involving North Korea, would
bear the brunt of any economic shock, but those shocks would also affect worldwide
supply chains, rippling across the globe.
"The market impact is significant. Equities fall sharply in the region, accompanied by
abrupt exchange rate and bond market adjustments," Oxford Economics' head of macro
scenarios, Jamie Thompson, and economist Oliver Salmon wrote.
"While market prices generally rebound swiftly with the resolution of conflict, the impact
on activity is more persistent," they added.
"Growth remains subdued in 2018 and 2019 — and not only for countries at the centre
of the geopolitical tensions. Overall, global growth slows significantly, to an annual rate
0.4pp below baseline over this period, with emerging markets recording even larger
undershoots."
Check out Oxford's analysis below: