Session 4:
Economic Proposals to Open and Facilitate the Relationship of North Korea and the World

Wednesday, February 2: 11:00-12:10 PM EST

The existing Marxist economic system in the Democratic People’s Republic of Korea (DPRK), is based on central control with limited freedoms to access capital and investment, either internally or internationally. This system has greatly restricted the ability of individuals and businesses to expand production capacity to meet the needs of its people. IAED believes that business can be a force for good, but how is economic development to be achieved in the current situation, and what values would need to be adopted for its accomplishment? Business leaders continually weigh the risks and rewards for their investment decisions. They consider how and what incentives can induce desired behavior. Our presenters will offer their constructive ideas on the actions that could be taken to facilitate and incentivize economic development on the peninsula and to lay a foundation for future peaceful integration.

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Moderator: Mr. Roger Wetherall, Coordinator, IAED USA


  • Dr. Raghavan Seetharaman, CEO of Doha Bank, a global investment bank working in India-China-Europe
  • Mr. William Brown, Board of Directors, Korean Economic Institute of America; Chair, George Washington University's North Korea Economic Forum in the Institute of Korean Studies


  • U.S.A.:Ms. Audra Hajj, CEO, Ascension Exchange
  • Spain: Mr. Jose Ramon Riera; Founder and CEO, WhatsMedia Inc. and WhatsCine S.L., Spain; writer on economic analysis of public sector budgets
  • Europe: Mr. Joseph Busha, CEO, JM Busha Investment Group; Zambia and other countries in Africa