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North Korea and the Wisdom of Economic Sanctions

International news over the past few weeks has been dominated by the issue of the threat of nuclear strikes from North Korea, directed at both the United States and South Korea. Impetus for these new threats stem mainly from the United States’ success in convincing the United Nations to enforce harsher sanctions against North Korea, following an underground nuclear test carried out in February by the highly secretive nation. The ultimate aim of the sanctions is to suppress the activity of banks and money launderers who are suspected to channel a great deal of money to the regime’s missile and nuclear program.

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