People look toward the north through a barbed-wire fence near the militarized zone separating the two Koreas, in Paju, South Korea, Dec. 21, 2017.
Danny Lam, Asia Times: The economic consequences for China of a new Korean War
Kim Jong-un welcomed the new year stating that “the nuclear launch button is on his desk,” and that North Korean nuclear missiles can reach the US. A “last ditch” diplomatic effort to resolve the crisis jointly organized by the US and Canada is to take place in Vancouver on January 16.
Allies using force to resolve the North Korea problem will be the defining event of the 21st century, with a range of possibilities from a limited “surgical” strike to nuclear war between Western allies and China and/or Russia. Anticipating and positioning for economic consequences of war on the global economy will be the most consequential investment decision of the year. Depending on what China under President Xi Jinping does, the war could devastate the Chinese economy.
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WNU Editor: In the event of a new North Korean war .... I think no one will disagree that the impact on the global economy will be severe. And if China gets involved and supports the North Koreans .... I think everyone is in agreement that the impact would then be beyond disastrous. Danny Lam in the above Asia Times post games out the consequences of such a war .... and his conclusion that the big loser will be China is IMHO spot on.
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