Abstract
North Korea has been regarded as the least likely place to attract foreign investors due to its poor infrastructure, policy reversals, and totalitarian regime. However, the recent growth of Chinese direct investment in North Korea has drawn much attention due to its implications for the North Korean economy and regional stability. This research provides an analytical framework by considering two fundamental issues that any foreign investor takes into account when making an investment decision: property rights protection and profitability. It examines how recent changes have influenced these two issues, which, in turn, shaped the incentive structure of Chinese private investors.
| Original language | English |
|---|---|
| Pages (from-to) | 307-330 |
| Number of pages | 24 |
| Journal | Pacific Review |
| Volume | 29 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 2016 May 26 |
Fingerprint
All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Sociology and Political Science
Cite this
}
Why invest in North Korea? Chinese foreign direct investment in North Korea and its implications. / Jung, Heon Joo; Rich, Timothy S.
In: Pacific Review, Vol. 29, No. 3, 26.05.2016, p. 307-330.Research output: Contribution to journal › Article
TY - JOUR
T1 - Why invest in North Korea? Chinese foreign direct investment in North Korea and its implications
AU - Jung, Heon Joo
AU - Rich, Timothy S.
PY - 2016/5/26
Y1 - 2016/5/26
N2 - North Korea has been regarded as the least likely place to attract foreign investors due to its poor infrastructure, policy reversals, and totalitarian regime. However, the recent growth of Chinese direct investment in North Korea has drawn much attention due to its implications for the North Korean economy and regional stability. This research provides an analytical framework by considering two fundamental issues that any foreign investor takes into account when making an investment decision: property rights protection and profitability. It examines how recent changes have influenced these two issues, which, in turn, shaped the incentive structure of Chinese private investors.
AB - North Korea has been regarded as the least likely place to attract foreign investors due to its poor infrastructure, policy reversals, and totalitarian regime. However, the recent growth of Chinese direct investment in North Korea has drawn much attention due to its implications for the North Korean economy and regional stability. This research provides an analytical framework by considering two fundamental issues that any foreign investor takes into account when making an investment decision: property rights protection and profitability. It examines how recent changes have influenced these two issues, which, in turn, shaped the incentive structure of Chinese private investors.
UR - http://www.scopus.com/inward/record.url?scp=84926030684&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84926030684&partnerID=8YFLogxK
U2 - 10.1080/09512748.2015.1022582
DO - 10.1080/09512748.2015.1022582
M3 - Article
AN - SCOPUS:84926030684
VL - 29
SP - 307
EP - 330
JO - Pacific Review
JF - Pacific Review
SN - 0951-2748
IS - 3
ER -