Disclaimer: The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Piyush Sharma, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur
North Korea officially known as Democratic People’s Republic of Korea (DPRK) got further sanctions by United Nations (UN) for its alleged ballistic missile launch and nuclear test in early January this year. These launches and tests are against already imposed sanctions. North Korea confirmed its hydrogen test but denied for the missile launch (official statement said it was a rocket launch test for peaceful purpose). Since 2006, North Korea has got a series of economic and commercial sanctions for reactivation of its nuclear program.
As per the latest sanctions every cargo entering or leaving North Korea will be inspected; sale of light weapons and small arms will be banned and diplomats if found indulged in illicit activities will be expelled. Import of iron, iron ore and coal from North Korea is also banned because these sources of income are used to fund the nuclear program. The target is to squeeze the money supply so that it can hamper the progress of nuclear program. These sanctions have only angered the North Korean autocratic regime and general public. As per the reports, the program has the backing of the general public and they are now habitual in living under sanctions because since 25 years they are under some or other kind of sanction. Last year, North Korea has seen one of the worst droughts in its history. Irrespective of drought, this kind of support from citizens is a dangerous signal to the international community.
International community can only hope that these sanctions will force North Korea for dialogue and it will come back to negotiation table which it left in 2009 after it quit from six party talks. Nuclear power in the hands of an autocratic leader who wants to destroy South Korea and the US will be a dangerous preposition and further rise tension in East Asia.