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Licensed Unlicensed Requires Authentication Published by De Gruyter August 9, 2009

Atoms for Peace, Redux: Energy Codependency for Sustained Cooperation on the Korean Peninsula

Kyle Beardsley and Jamus J Lim

North Korea's nuclear program is a threat to sustained stability on the Korean peninsula. Unfortunately, the traditional notion of “Atoms for Peace'' has been a failure in the engagement of the North. In this paper we propose a novel approach to mutual cooperation in energy provision on the Korean peninsula, premised on having North Korea host reactors that deliver energy to South Korea. We establish conditions where there exists a stable, time-consistent equilibrium where the North never finds it in its interest to disrupt energy supplies to the South, and where the South is willing to pay the fixed costs of nuclear plant construction in exchange for a discounted stream of energy supply from the North. We also show that third-party income streams can augment the cooperative relationship.

Published Online: 2009-8-9

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston

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