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...needed fertilizer. But current South Korean President Lee Myung Bak reversed the policy when he took office in 2008, linking economic cooperation with Pyongyang's dismantlement of its nuclear-weapons program. The result is that North Korea is now more dependent than ever on its main patron, China. Nicholas Eberstadt, a North Korea expert at the American Enterprise Institute in Washington, figures that the gap between the amount of goods China ships into North Korea and what it receives in return has quadrupled in four years to more than $1.5 billion in 2008. Eberstadt considers this "de facto aid" since...

Author: /time Magazine | Title: North Korea's Other Crisis: An Economy in Tatters | 6/30/2009 | See Source »

...fall in output. Then in 2007 severe flooding delivered another blow to the agriculture sector; by this year, the country's shortfall of grain was the worst since 2001. The regime's leadership "would rather have a proportion of their population starve to death" than pursue reform, says Nicholas Eberstadt, a North Korea expert at the American Enterprise Institute in Washington. Pyongyang believes market reform "would risk ideological and cultural infiltration, which is how they see the Soviet system going down...

Author: /time Magazine | Title: The Real Crisis in North Korea? Food | 10/6/2008 | See Source »

...Sinmun, a North Korean newspaper, called him a "political charlatan" and "a pro-U.S. stooge," and warned of "catastrophic consequences" due to his new policies. "The North Koreans are asking how hard they have to slap Lee until they push him back on the Sunshine road," says Nicholas Eberstadt, a North Korea expert at the American Enterprise Institute, a Washington, D.C.-based think tank. Lee has shown no intention of changing his mind. Kim, Lee's national-strategy secretary, calmly dismisses the North's rhetoric as "not a new phenomenon." In late March, South Korea's representative voted...

Author: /time Magazine | Title: No Mr. Sunshine | 4/10/2008 | See Source »

...North Korea's current eagerness for investment as another in Kim's endless series of feints designed to keep his opponents off balance--and the foreign aid handouts flowing so the country stays fed. "The North Korean economic approach has always been to extract resources from outsiders," says Nicholas Eberstadt, a political economist at the American Enterprise Institute and the author of The North Korean Economy. "It's like what they say about champagne: In success, you feel like you deserve it. In failure, you need...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

...matter what the incentives. "It beggars the imagination to believe that the North Korean regime will give up what's been its policy for at least the last 25 years [the pursuit of nuclear weapons] thanks to the sound of the Chris Hill's sweet voice," says Nicholas Eberstadt, a North Korea analyst at the American Enterprise Institute, a conservative think tank in Washington. But if Kim does indeed shut down his reactor next month, that will, undeniably, represent progress. And as one foreign diplomat put it, considering that North Korea conducted its first nuclear-weapons test eight months...

Author: /time Magazine | Title: One Small Step | 6/28/2007 | See Source »

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