North Korea Defence and Security Report 2016 - Business Monitor International - Industry Reports

North Korea Defence and Security Report 2016

North Korea Defence and Security Report 2016 - Business Monitor International - Industry Reports
North Korea Defence and Security Report 2016
Published Dec 05, 2015
34 pages — Published Dec 05, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

< ALACRA META ABSTRACT>BMI View: After the accession of Kim Jong-Un as North Korean ruler, the reform of the country s military first policy has become apparent. Even though the Korean Peope s Army (KPA) is a weakened force - that suffers from logistical shortages, ageing equipment, and inadequate training - and the country is suffering from a tough domestic economic climate, we expect North Korea s pursuit of nuclear weapons and long- range ballistic missiles to continue. ...< ALACRA META ABSTRACT>BMI View: After the accession of Kim Jong-Un as North Korean ruler, the reform of the country s military first policy has become apparent. Even though the Korean Peope s Army (KPA) is a weakened force - that suffers from logistical shortages, ageing equipment, and inadequate training - and the country is suffering from a tough domestic economic climate, we expect North Korea s pursuit of nuclear weapons and long- range ballistic missiles to continue. However, due to planned economic reforms, defence spending may be partly sacrificed. ...The regime s strategic goal is to ensure the survival of the Kim dynasty and ideological control over the North Korean population in perpetuity. The overarching national security objectives to achieve this goal under Kim Jong-Un have not changed from his predecessor, Kim Jong II: international recognition as a nuclear-armed state, maintenance of a viable deterrent capability, and reunification of Korea under North

...We forecast defence spending in North Korea to grow by -.- y-o-y in ---- which is an acceleration on the -.- estimated growth for ----. A KWP Congress in a ---- will provide another opportunity for Kim Jong Un to announce new measures to modernise the economy which may bring new indications of changes in the country s military spending, BMI believes Kim Jong Un will use the congress to further consolidate his power. ...We forecast defence spending in North Korea to grow by -.- y-o-y in ---- which is an acceleration on the -.- estimated growth for ----. A KWP Congress in a ---- will provide another opportunity for Kim Jong Un to announce new measures to modernise the economy which may bring new indications of changes in the country s military spending, BMI believes Kim Jong Un will use the congress to further consolidate his power. The revival of the KWP is partly aimed at placing the powerful military more firmly under civilian control and given many senior government officials are in their --s and --s, Kim may also seek to bring new blood into the hierarchy. ...Very low rates of real GDP growth together with severe inflation will have constrained military expenditure in USD terms, despite the continuation or even increase in the threat perceived by North Korea to be posed by regional powers and the West. Although concerted efforts will inevitably be made to sustain military expenditure even at significant cost to other priorities - some South Korean estimates put the North s military expenditure at -- of GDP - an expanding

...� Business Monitor International Ltd Page - population and increasing demands on electricity production, following the end of fuel supplies from the US and regional allies, will cause total spending to slide over the medium term. While defence spending can have a negative impact on a country s sustainable economic growth, the North Koreans believe that laying the foundation for a powerful self-sustaining national defence industry will enable them, according to the national newspaper Nodong Sinmun, to rejuvenate all economic fields . ...

  
Source:
Document ID
1749-1541
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "North Korea Defence and Security Report 2016" Dec 05, 2015. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/North-Korea-Defence-and-Security-Report-2016-2026-652>
  
APA:
Business Monitor International - Industry Reports. (2015). North Korea Defence and Security Report 2016 Dec 05, 2015. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/North-Korea-Defence-and-Security-Report-2016-2026-652>
  
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