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Stephen Bosworth, U.S. Special Representative for North Korea Policy, and the need for a new policy with North Korea in 2016-2017

01/06/2016

Stephen Bosworth was appointed by Hillary Clinton as U.S. Special Representative for North Korea Policy. He was one of the State Department's best diplomats, and after several postings overseas was Dean of the Fletcher School of Law and Diplomacy of Tufts University, in Medford, Massachusetts. Here Prof. Drezner describes the policies that have not worked with North Korea of pressuring China on the DPRK and its nuclear weapons tesing. Drezner cites Chinese analysts who say that China does not want to see Korean unification because it would bring U.S. influence to its borders. South Korea plans to resume anti-DPRK broadcasts in 2016 in response to nuclear tests. The fact remains that South Koreans and Chinese both see the problems of renunification and have not taken serious steps- the South wary of the situation similiar to that of integration of Communist East Germany which took over a decade. Drezner credits diplomats of the reputation of Bosworth to keep dialogue alive with North Korea till a solution can be found, as pressuring China appears to have become a worn playbook.

Grouped Articles

The U.S. diplomatic corps loses a legend just when it needs him the most - The Washington Post

Washington Post 01/07/2016

North Korea Bomb Test Challenges U.S. Policy in Asia

Wall Street Journal 01/07/2016

North Korea’s Hydrogen Bomb Claim Strains Ties With China

New York Times 01/06/2016

Stephen W. Bosworth, U.S. Diplomat Who Helped Oust Ferdinand Marcos, Dies at 76

New York Times 01/08/2016

U.S.-China Tensions Thwart Response to North Korea Threat

WSJ 09/09/2016

Analyst: 'We need an entirely new North Korea strategy' | Asia | DW.COM | 09.09.2016

DW.COM 09/09/2016

How the Saudis are coping with lower oil prices and revenues- cutting gasoline subsidies and other spending to reduce budget deficits in 2016

12/28/2015

Gasoline prices for some grades of gasoline sold in Saudi gas stations will increase by 50% as the Saudi Finance Ministry copes with dropping oil revenues. The 2016 budget shows adeficit of $87 billion compared to $98 billion in 2015. At this rate Saudi Arabia would exhaust its foreign exchange reserves of $640 billion by 2020. Saudi Arabia has a rapidly growing population which will increase budget pressures and local oil demand. Its defense spending to counter Iran and Russia in the Syria-Iraq conflict and in Yemen also affect spending. Lower oil prices are partly a result of the geopolitical conflict in the region and rivalry betweeen Iran backed by Russia and Sunnis led by the Saudi and Emirates, as well as technology in shale oil production. This comes at a good time for China as it slows, India as it increases its growth rate, and the U.S. and Eurozone as their economies recover from a deep recession, Japan as it improves its economy from low or no growth. For Russia it is seen as away to shift away from imports to domestic industry. For the Saudis an opportuntiy to cut subsidies and improve the productivity of spending.

Grouped Articles

Saudi Arabia, Squeezed by Low Oil Prices, Cuts Spending to Shrink Deficit

New York Times 12/28/2015

Oil Prices at $30 Bend Nations, But Which Ones Could Break?

Wall Street Journal 01/13/2016

Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks

New York Times 01/27/2016

Oil-Price Poker: Why the Saudis Won’t Fold ‘Em

Wall Street Journal 02/01/2016

Young Saudis See Cushy Jobs Vanish Along With Nation’s Oil Wealth

New York Times 02/16/2016

Weak Oil Prices Curbing Production

Wall Street Journal 04/13/2016

Russian president Putin's year end news conference in Dec. 2015

12/17/2015

Sharp words for Turkey, references to his daughters at Russian universities working in 3 languages, and saying Russia's bombing campaign in Syria comes from the Defense Ministry training budget, part of the year end conference answering questions from journalists. Putin says the Russian economy's downturn is bottoming out. He continues to enjoy high popularity in Russia for defending Russian interests more than for management of the economy. Russians may see the oil price declines as beyond Putin's control, and see the effect of NATO at Russia's borders in the same way as Putin does. Putin points to the increase of life expectancy in Russia to 71 as one of the achievements of this period.

Grouped Articles

Vladimir Putin Chides Turkey, Praises Trump and Talks Up Russia’s Economy

New York Times 12/17/2015

Putin’s self-destructing economy - The Washington Post

Washington Post 01/18/2016

Prepare for serious turbulence in Russia - The Washington Post

Washington Post 01/18/2016

What Is Russia Up To, and Is It Time to Draw the Line?

The New York Times 09/30/2016

Russian Special Forces Seen as Key to Aleppo Victory

WSJ 12/16/2016

IMF warning for corporate debt in emerging markets increasing from $4 trillion in 2004 to $18 trillion in 2014

09/29/2015

The IMF singles out China and Turkey for large increases in corporate debt since 2007. Concentrated holdings by American mutual funds of emerging market debt securities is seen by the IMF in 2015 as creating potential systemic instability.

Grouped Articles

I.M.F. Cautions on Concentrated Positions in U.S. Mutual Funds

New York Times 09/29/2015

Emerging-Market Debt: How Big a Threat Is It?

Wall Street Journal 02/16/2016


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