Country Case Report Research Paper Example | Topics and Well Written Essays - 1250 words

Country Case Report - Research Paper Example With the support of the named institutions, governments can collectively come up with a balance in there social programs competition so as to encourage social innovation and confidence. Globalization does not need plain trade-offs between social protection and competition. The ability of the respective governments as well as global institutions to take on collective actions has so far been underestimated to the extent that politics of globalization has to be reviewed and refurbished. This applies to the North Korean politics of globalization which has been experiencing both ups and downs (Carlin and Joel 102). Considering the domestic political economy of North Korea, the leadership of the country has in the past been the greatest worry to its economic reforms. Its foreign policy has in many ways ended up on the wrong side of the international bodies and other countries. A good example is the nuclear issue that created a hostile international environment working against its internal reforms. However, this should not be an excuse for the country not to have better reforms in relation to globalization. The domestic dynamics have a bigger role to play. The politics and leaders of North Korea have openly returned to an approach that is more controlled to economic policy. The changes in these policies have had significant implications on the North Korean strategies and intentions of economic commitment. Economic inducements like the joining the international financial institutions, sanctions lifting or engaging in regional cooperation that are more –formalized have not really worked out as most stakeholders wished it could. The current regime is in favor of targeted transfers that are to the advantage of the leaders. The transfers involve; heavy shipments of oil, direct cash payments and food aids (Noland and Gordon 90). This form of globalization can be considered as being hyperglobalists. As the economy of North