If Kim wants a more dynamic economy, he needs international credit as well as establishing a proper legal system and commercial arbitration, says Robert A. Manning, a senior security specialist at the Atlantic Council.
This is where the US negotiating power comes in, Manning claimed. Washington can facilitate Nordic integration into the global economic system by promising negotiations with the International Monetary Fund, the World Bank and the World Trade Organization in addition to providing professional training for North Korean lawyers and accountants.
Washington also has leverage for Kim's desire for foreign investment. Offerings like South Korea's common transport links and reopening of the Kaesong industrial complex can only occur when US or US sanctions over Kim's regime are lifted. Otherwise, companies involved in construction could have financial consequences.
Manning therefore recommended that Trump's administration "get a new UN Security Council resolution to suspend some UN sanctions similar to progress in denuclearisation, but with a repurchase clause so that North Korea cheats or fails to take steps all UN sanctions are being restored. "
However, there is always a risk that an American concession will be matched by an overwhelming North Korean response.
The Nordic countries could make "token concessions on things they no longer need", such as. closure of plutonium nuclear installations or old pilot launch sites, "warned Sean King, senior vice president of Park Strategies.