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Relations between Washington and Seoul have never been better. But if the two do not reconcile differences on North Korea and seal the deal on a Free Trade Agreement, the alliance will suffer.
Two trends represent Korea today: South Korea's extraordinary economic boom and North Korea's stagnation and provocation. To move the peninsula forward, writes one of South Korea's leading politicians, regional and international players must take a bolder and more creative approach to achieving security.
North Korea's foreign policy is more predictable than many think -- a lesson that appears to have been lost on generations of U.S. policymakers. Today, the Obama administration should continue to avoid armed conflict with Pyongyang while refusing to reward its actions by meeting its demands.
In the 1990s, the South Korean government was forced to nationalize its insolvent banks. Today, as the United States is faced with the same policy, it should follow the Korean example: To get the best returns on its investment, it should price bank assets over time, rather than all at once.
Public support for the war in Iraq has followed the same course as it did for the wars in Korea and Vietnam: broad enthusiasm at the outset with erosion of support as casualties mount. The experience of those past wars suggests that there is nothing President Bush can do to reverse this deterioration -- or to stave off an "Iraq syndrome" that could inhibit U.S. foreign policy for decades to come.
Pyongyang's belligerent behavior should not obscure other dramatic conciliatory steps North Korea has taken in recent years--steps suggesting that, even now, a solution lies within reach. The trick is to craft a plan that does not reward the North for its misdeeds. In such a plan, all major outside powers should guarantee the security of the entire Korean Peninsula first. This will remove Pyongyang's excuse for nuclear proliferation--and break the deadlock on the world's last Cold War frontier.
After the historic summit between Pyongyang and Seoul last June, the Koreas could be on their way to eventual reunification. To ensure such progress, Washington should consider making military and economic concessions -- including the possible withdrawal of U.S. forces -- to formally end the Korean War.
After more than 50 years of dominating Northeast Asian diplomacy, Washington must now accommodate the fallout from the historic rapprochement between North and South Korea. As regional leaders take the reins of diplomacy, they face an uncertain future and lack the institutions that could guide the transition. The next U.S. administration can help, but not until it rethinks its own regional policies.
North Korea is ailing. For the first time in 40 years, there is real hope for reconciliation with the South. Pyongyang should be engaged -- but cautiously.
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