North Korea’s Economic Prospect for 2008

first_img RELATED ARTICLESMORE FROM AUTHOR SHARE North Korea’s total volume of external trade in the fiscal year 2007 is reported to be decreased even compared to that in the year 2006, when the country launched a nuclear test. It decreased even though efforts to solve North Korean nuclear problems have made some progress and the country’s economic environment has improved accordingly. “North Korea’s economic environment which faced the worst possible crisis in the aftermath of the nuclear test has gradually improved as progress has been made in the North Korean nuclear negotiations and the relations between North and the U.S. has improved to a greater extent through dialogue in 2007,” said “Economic Prospect of North Korea in 2008.” The report was co-authored by Cho Myung Chul, director of the Center for Northeast Asian Economic Cooperation at the Korea Institute for International Economic Policy (KIEP) and Hong Ihk Pyo, senior researcher of the International Cooperation for Korean Unification at the KIEP. “[However] Regardless of the progress in the nuclear issue, the total volume of foreign trade and amount of foreign investment in the fiscal year 2007 decreased to some extent compared to those in the previous year due to the continuing economic sanctions on North Korea imposed by the international community,” the report said. “It is estimated that the country’s total value of foreign trade decreased from 2.996 billion US dollars in 2006 to 2.7 billion in 2007.”“North Korea mainly exports coal, sea products, minerals and steel, and imports grains, electronic devices, machinery, chemical products and energy resources such as oil and fuel. This shows that the country produces few high value-added products and its industry is still raw-material based,” the report added. The report analyzed the trade trends of North Korea, and concluded that the country’s trade dependence on China would likely have reached a record high of 70 percent in 2007 from 56.7 percent in 2006 as its trade with China increased while trade with other nations decreased in 2007. The country’s export to China rose again in three years because the export of coal and iron ore to China increased with the growing demand for energy resources in China’s Northeastern region and the growing investment by Chinese government in mining exploration in North Korea, the report said. Meanwhile, the report showed that North Korea’s total volume of trade with Japan was merely 900 thousand US dollars worth in 2007, a decrease by 92.6 percent as compared to that in the previous year. “Since 2001, the country’s trade with Japan has continued to decrease as a result of political conflicts over the issues of abduction and nuclear programs,” the report said. “Japan imposed full-scale economic sanctions on North Korea in 2006 and 2007 following North Korea’s missile and nuclear tests, and as a result, trade between two countries fell sharply,” the report said. In addition, the country’s trade with Thailand fell by 42.4 percent and with EU by 53.2 percent after the nuclear test, the report said. Regarding the country’s economic prospect for 2008, the report said, “As in the previous year, North Korea’s economy is to be influenced by factors such as the degree of progress in the Six Party Talks, the country’s political and diplomatic relations with concerned nations and economic sanctions of the international community.” The report also anticipated that the North Korea’s economy would be affected by the ambiguity of inter-Korean relations and the the new South Korean government’s policy towards North Korea which took office in February 2008. “Considering the fact that inter-Korean economic cooperation has begun to occupy an important place in North Korea’s economy since 2000, North Korea needs to adjust its foreign trade policy in preparation for the possible deterioration of inter-Korean relations and the uncertain future of inter-Korean economic cooperation,” said the report.For North Korea’s possible agenda for foreign economy policies in this year, the report listed the following. ▲ Removal of economic sanctions in accordance with the progress in the nuclear issue. ▲ Security of energy resources such as oil and cokes.▲ Diversification of economic cooperation with foreign countries including increase in export and outsourcing of human resources, and Increase in foreign currency income▲ Decrease of its trade dependence on China and Search for new partners for economic cooperation. “If the inter-Korean relations deteriorate, North Korea might refuse to talk with South Korea while maintaining its communication with the U.S. as that was experienced under the Kim Young Sam administration in the mid 1990s. Or, it might decide to focus on cooperation with the private sectors [of South Korea] not with government,” the report added. By Yang Jung A – 2008.03.03 12:58pm News North Korea’s Economic Prospect for 2008 News News center_img North Korea tries to accelerate building of walls and fences along border with China Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak AvatarYang Jung A There are signs that North Korea is running into serious difficulties with its corn harvest Facebook Twitter News last_img read more

Public Defender’s Interim Report on Tivoli Incursion Delayed

first_imgFacebookTwitterWhatsAppEmail Public Defender’s Interim Report on Tivoli Incursion Delayed National SecurityJanuary 29, 2013 RelatedPublic Defender’s Interim Report on Tivoli Incursion Delayed RelatedPublic Defender’s Interim Report on Tivoli Incursion Delayed RelatedPublic Defender’s Interim Report on Tivoli Incursion Delayedcenter_img Story HighlightsThe Interim Report by the Public Defender on the incursion of the security forces into Tivoli Gardens and related matters has been delayed for over five months and is still not completed.After repeated missed deadlines for its tabling in Parliament, the Parliamentary Commission headed by the Speaker, the Hon. Michael Peart, met with the Public Defender, Mr. Earl Witter, on January 22, 2013. Based on the information provided by the Public Defender on the status of the report, the completion date could not be determined.The Commission has decided to provide the Office of the Public Defender with additional resources to assist with the speedy completion of the report. A team from the Houses of Parliament headed by the Clerk to the Houses will be closely monitoring the progress to ensure that the report is completed in the shortest possible time. The Interim Report by the Public Defender on the incursion of the security forces into Tivoli Gardens and related matters has been delayed for over five months and is still not completed.After repeated missed deadlines for its tabling in Parliament, the Parliamentary Commission headed by the Speaker, the Hon. Michael Peart, met with the Public Defender, Mr. Earl Witter, on January 22, 2013. Based on the information provided by the Public Defender on the status of the report, the completion date could not be determined.The Commission has decided to provide the Office of the Public Defender with additional resources to assist with the speedy completion of the report. A team from the Houses of Parliament headed by the Clerk to the Houses will be closely monitoring the progress to ensure that the report is completed in the shortest possible time.The Commission has further decided that issues relating to the organization of the Office of the Public Defender will be thoroughly investigated as soon as the Interim Report is completed. Advertisementslast_img read more

Forgetting about the past – literally – Thomas co-leads

first_imgAUGUSTA, Ga. – Tiger Woods isn’t big on sharing. To be precise, the 15-time major champion isn’t a fan of passing two decades’ worth of Grand Slam knowledge on to the next generation. He is, after all, still winning majors and it was no surprise that during a practice round with Justin Thomas this week at Augusta National Woods proved less than helpful “Tiger is less willing to give me information than Freddie [Couples],” Thomas said. “But I just watch where they chip from and I pretty much follow them around.” At Augusta National, institutional knowledge is king. You don’t go left off the tee at No. 2 or long with your approach at the seventh. On Sunday, anything left of the first green is D-E-A-D and the middle of the green at the 12th is always, always, a good option. These unwritten truths would at least partially explain Thomas’ play this week. In his fifth Masters start, he’s improved each year (T-39 in 2016, T-22 in ’17, T-17 in ’18, T-12 in ’19) and despite Thursday’s storm that forced JT to finish his first round early Friday and essentially head right back out for Round 2, he’s tied for the lead at 9 under par following rounds of 66-69. 84th Masters Tournament: Full-field scores | Full coverage At 27, Thomas is a Masters veteran armed with the kind of nuanced information that can turn solid play into a trip to Butler Cabin. Despite Woods’ understandable reluctance to pay it forward, Thomas can use everything he’s learned himself from his rounds around Augusta National to win this week. Right? Wrong. “You have to really throw all past knowledge out the window this week, as weird as it is,” Thomas said. It turns out the 2020 Masters is even stranger than we thought. By way of explanation, Thomas pointed to his second shot at the par-5 15th hole, after stumbling to a two-bogey start to his second round. From a hanging lie, with 231 yards to the hole (216 yards to the front edge), JT choked down on a 5-wood. If that sounds like a Tour-quality shot, know that during normal times, when the Masters is played in April and patrons line every fairway, roping a 5-wood off a hanging lie to the 15th green is one of those unwritten no-no’s. Thomas (69): ‘Aggressive’ name of game at fall Masters “I judged it perfectly to where it came out spinny to get up in the wind, because that’s a 250-yard club and you don’t want to go over it, and was able to fly it 226,” explained Thomas, who birdied four consecutive holes, starting at No. 15. “That was a really, really good shot and got me a little momentum.” Another example came early Friday while putting the finishing touches on his first round, when Thomas had an awkward chip from left of the 15th green. “To that front pin that usually would be just brutal and really, really hard to hit close, and I had to trust that I just kind of had to gas it and hit it pretty hard and it was going to spin,” he said. Part of what makes this year’s Masters the antithesis of other editions is Thursday’s storm that dumped nearly an inch of rain and forced the field into a desperate game of daylight savings catchup. But the biggest difference is on the greens, which are markedly softer and slower. The normal axiom at Augusta National is to keep the ball below the hole at all costs, but that’s not the case this week. “The big swinging [putts] – I’ll just pick one, on 14 – if you’re left of the hole, down to the right pin, it’s like the 90-degree turn, and you putt it out there, and it just goes 90 [degrees left],” Adam Scott said. “They’re just not moving [like that].” It’s just different. This isn’t a criticism, just an agronomic truth at a golf course that was built for the spring and forced to the fall by a pandemic. “A lot of the history and things that you know about the golf course, it can sometimes hurt you this week because of what you’re used to,” Thomas said. This isn’t Bernhard Langer’s Masters. With apologies to the two-time Masters champion, who will easily make the cut at age 63, all of those bounces and twisting turns that make this course such an architectural study in April have been largely voided by soft conditions and a short growing season. Perhaps the useless tidbits will be useful this weekend when the forecast turns glorious and the turf has a few days to drip dry, but that doesn’t seem likely. Like everything else at this Masters, throw out everything you know about Augusta National because this is not that course.last_img read more

Unique carbon capture technology to be trialled

first_imgGet instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270. Subscribelast_img