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Siegfried S. Hecker, Co-Director of the Center for International Security and Cooperation, writes “Not only have we not been able to negotiate effectively, but also we have allowed Pyongyang to cross with impunity every red line we have drawn. The U.S. negotiating position has also been hampered by our inability to sustain consistent policies through transitions in administrations. Pyongyang has taken advantage of our political divisions to play a weak hand with success. Unless we learn from the lessons of North Korea, others may be able to do the same.”

Rudiger Frank, Professor of East Asian Economy and Society, University of Vienna, writes, “The ban on the use of foreign currencies in North Korea is not only a return to pre-reform orthodoxy, but also to normality as it exists in most countries of the world. It marks one step in the multi-staged strategy of the North Korean state to regain control over its society and economy… In any case, a system of multiple exchange rates will help the North Korean state to follow the developmental path of its neighbors in the hope of becoming part of the East Asian miracle – or, as North Korean media put it, to open the gate to a new era.”