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Hard TargetSanctions, Inducements, and the Case of North Korea$
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Stephan Haggard and Marcus Noland

Print publication date: 2017

Print ISBN-13: 9781503600362

Published to Stanford Scholarship Online: September 2017

DOI: 10.11126/stanford/9781503600362.001.0001

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Introduction

Introduction

The Political Economy of Engagement

Chapter:
(p.1) 1 Introduction
Source:
Hard Target
Author(s):

Stephan Haggard

Marcus Noland

Publisher:
Stanford University Press
DOI:10.11126/stanford/9781503600362.003.0001

This chapter reviews the theoretical literature on the effectiveness of sanctions and inducements, with a particular emphasis on the latter. It distinguishes between quid pro quo models of engagement and more transformative models. With respect to the former, the chapter walks through coordination and bargaining problems as well as how the effectiveness of sanctions is affected by characteristics of the target state. It also calls into question the logic of transformative engagement with respect to certain types of authoritarian regimes, and provides an historical review of diplomacy around the Korean peninsula since 1990.

Keywords:   economic statecraft, sanctions, inducements, foreign policy, nuclear weapons, proliferation, authoritarian regimes, engagement

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