Can North Korea Be the Next Vietnam?
In 1986, Vietnam initiated the “Đổi Mới,” a set of economic reforms that resulted in the creation of a market economy under the firm rule of the Communist Party. North Korea has what it needs to achieve a similar transformation, but it must embrace full denuclearization first.
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SEOUL – After decades of deadlock, there seems finally to be some diplomatic movement on the Korean Peninsula. The June summit between Kim Jong-un and Donald Trump – the first between a North Korean leader and a sitting US president – produced a joint statement in which Kim agreed to complete denuclearization of the Korean Peninsula, in exchange for security guarantees from Trump.