Economic Policy of the Bush Administration toward Korea

Economic Policy of the Bush Administration toward Korea

- Speaker: Marcus Noland, Senior Fellow, Institute for International Economics

- Date : February 27, 2001.

"The people coming into the Bush administration are completely unenthusiastic about building two light-water nuclear reactors in North Korea. They would say that the Agreed Framework might have made sense in 1994 when we were measuring the expected lifetime of the Kim regime in months if not weeks, but that it certainly makes no sense now. I expect this administration to push harder on extension, revision and amendment of the Agreed Framework. They are not going to walk away from it, but they will want to change it...”