Comment on “United Nations Sanctions on North Korea's Luxury Goods Imports: Impact and Implications”

North Korea: Editors’ Overview

“…Ayako Obashi () positively evaluates Jeong's contribution on the effectiveness of UN sanctions on the reduction of North Korea's luxury goods imports, but she suggests possible extensions of his research to improve and strengthen his discussions in the following three areas: (i) trade termination and substitution effects; (ii) disaggregated product level analysis; and (iii) terms of trade effects. To examine the impacts of unilateral sanctions such as those analyzed in the paper on North Korea's overall luxury goods imports, trade termination and diversion effects should be explicitly analyzed.…”