The Political Economy of the Investment Treaty Regime

North Korea's Chairman, Kim Jong Un, agreed to work toward the Korean peninsula's denuclearization at a Singapore summit meeting with President Trump on June 12, 2018. The encounter marked the first time in history that the president of the United States and the leader of North Korea have met in person. It came after an intense year and a half of interactions between the two countries, including the exchange of nuclear-laced military threats, the imposition of new sanctions by the United States and the UN Security Council, and, eventually, a touch of detente. Since the meeting occurred, North Korea has taken several steps consistent with commitments it made, including returning remains said to be those of American service members, refraining from missile launches, and beginning to dismantle its testing facilities. Also since the meeting occurred, the United States has suspended its usual joint military exercises with South Korea, consistent with a statement made by Trump at the summit, while leaving in place existing sanctions against North Korea.