We have ample examples of efforts to "engage" adversaries, from Willy Brandt’s Ostpolitik to Kissinger’s conception of détente and Kim Dae Jung’s Sunshine policy. Yet much more attention has been given to understanding the logic of sanctions than the logic of inducements. Drawing an array of new sources of information on the North Korean economy, from the direction of its foreign trade to two firm‐level surveys of Chinese and South Korean firms doing business in the country, we consider the political and economic logic of engagement. Like sanctions, the conditions under which engagement strategies are likely to work are subject to a number of constraints. Target governments appear well aware of the risks of engagement and there is only mixed evidence for claims that such engagement has transformative effects.

Dr. Stephan Haggard is the Lawrence and Sallye Krause Distinguished Professor of Korea-Pacific Studies and Director of Korea-Pacific Program (KPP) at the University of California, San Diego Graduate School of International Relations and Pacific Studies.

Stephan Haggard works on the political economy of developing countries, with a particular interest in Asia and the Korean peninsula. He is the author of Pathways from the Periphery: The Politics of Growth in the Newly Industrializing Countries (1990), The Political Economy of Democratic Transitions (1995, with Robert Kaufman), The Political Economy of the Asian Financial Crisis (2000) and Development, Democracy and Welfare States: Latin America, East Asia, Eastern Europe (2000, with Robert Kaufman). His current research focuses on the relationship between inequality, democratization and authoritarianism in developing countries. 

Professor Haggard has written extensively on the political economy of North Korea with Marcus Noland, including Famine in North Korea: Markets, Aid, and Reform (2007) and Witness to Transformation: Refugee Insights into North Korea (2011). Haggard and Noland co-author the "North Korea: Witness to Transformation" blog at the Peterson Institute for International Economics.

Neo-liberalism, which became a dominant ideology in policy-making in many countries from the early 1980's, is now blamed for worsening inequality and the 2008 world financial crisis. As the recovery process is moving very slowly due to lingering uncertainties from the Euro crisis, going back to the European model of a welfare state is not a feasible policy direction for most countries. Thus, now is the time to seek a new paradigm for a sustainable capitalism and welfare state, Dr. Sang-Mok Suh argues. He proposes 'welfarenomics,' implying a better balance between economics and welfare.

Welfarenomics means promoting a sustainable calitalism through modifying the neo-classical market economy model in three ways: (1) strengthening the role of government in the areas of formulating & implementing national strategy; (2) increasing social values of business activities through developing new CSV (Creating Shared Value) activities; and (3) creating a habitat for co-development through activating civil society. Welfarenomics also implies promoting a sustainable welfare state through modifying the European welfare state model in three ways: (1) building a foundation for 'workfare' through developing customized job programs for welfare beneficiaries; (2) utilizing various welfare programs as means for social innovation; and (3) improving the effectiveness of welfare programs through applying various management concepts to the field of social welfare.

The presentation will cite some of the recent experiences in Korea, but the concept of welfarenomics can be applied to any country in need of achieving both economic growth and social equity.

For the past four decades, Dr. Sang-Mok Suh has been a policy-making expert in both economics and social welfare. After receiving his PhD in economics from Stanford University in 1973, Professor Suh worked at the World Bank for five years and at the Korea Development Institute (KDI), a top South Korean think tank, for ten years as a researcher. His doctoral dissertation was on the relationship between economic growth and income distribution. In 1986, he led the research team at KDI for formulating the National Pension Scheme for Korea. He was vice president of KDI, 1984–1988. As a Korea National Assembly member, 1988–2000, Dr. Suh played the key role of coordinating economic and welfare policies between the ruling party, on the one hand, and the government and opposition parties, on the other. While he was Minister of Social Welfare, 1993–1995, Dr. Suh formulated a comprehensive welfare strategy for Korea for the first time and initiated the Osong Bio Industrial Complex.

From his journalistic point of view, Jaekwon Son will discuss competitiveness and weaknesses of Samsung and Psy that have recently made top news stories.

Son is a 2012-2013 visiting scholar with the Korean Studies Program at the Shorenstein Asia-Pacific Research Center. Son, a reporter at the Maeil Business Newspaper in Korea, conducts research on the impact of new media journalism, such as social networking through smart devices. He has co-authored several books including The Appstore Economics (2010), Mobile Changes the World (2010), and The Naver Republic (2007). He has been awarded Jounalist of the Month from the Korea Jounalist Association (2012) and Jounalist of the Year from the Hanvit Culture Foundation (2008).

Son holds a BA in classical Chinese from Korea University.

Why do government policymakers and peace activists often come to radically different conclusions on issues pertaining to peace and security? Drawing on insights from the literature on contentious politics and international relations theory, I argue that the politics of peace extend from different views regarding the nature of existing power relations and the legitimacy and moral purpose of the state. To test my argument, I examine the conflict between state and civil societal actors over the construction of a South Korean naval base and use discourse and content analysis to assess different interpretations regarding peace and security in relation to the naval base. Although the hope is to see David defeat Goliath, my findings are less sanguine: activists are not only physically overpowered by the state, but at the ideological level, their frames and discourse are frequently drowned out by a powerful discursive structure embedded in the logic of realism. This research has implications not only for national security policy in South Korea, but for international relations in Northeast Asia more broadly as middle powers position themselves between Beijing’s rise and Washington’s strategic rebalance to Asia.

Professor Andrew Yeo’s broad research interests lie at the intersection of international relations and comparative politics. His first book, Activists, Alliances, and Anti-U.S. Base Protests (Cambridge University Press, 2011) explores the politics of overseas military bases, focusing on the impact of security alliances on social movements and state response to domestic anti-base pressure. His other works have appeared in Comparative Politics, International Studies Quarterly, and Journal of East Asian Studies. His research and teaching interests include international relations theory, international security, overseas U.S. military presence, social movements and transnational politics, East Asia, and North Korea. He received his Ph.D. from Cornell University in 2008.