Is the Kim Jong-un regime genuinely pursuing a peaceful solution, to eventually give up its nuclear arsenal, after a series of summits and negotiations with the US and South Korea? We examine how military and economic power networks on the peninsula are associated with the prospect of North Korea’s denuclearization. North Korea could use its nuclear weapons program, an internal tool designed to promote national security and power, to build up power in both military and economic power networks. Drawing lessons and speculation from the literature on states’ hedging behavior, and using agent-based models, we explain that denuclearization as part of a hedging strategy would be a viable policy option for North Korea.

中文翻译：

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朝鲜半岛的军事和经济权力网络、对冲与合作

金正恩政权是否真的在与美国和韩国举行一系列峰会和谈判后，真正寻求和平解决方案，最终放弃其核武库？我们研究了半岛上的军事和经济权力网络与朝鲜无核化前景的关系。朝鲜可以利用其核武器计划（一种旨在促进国家安全和权力的内部工具）在军事和经济权力网络中建立权力。从有关国家对冲行为的文献中汲取教训和推测，并使用基于代理的模型，我们解释说，无核化作为对冲战略的一部分将是朝鲜可行的政策选择。