Please read this piece by my colleague Paul Roderick Gregory in The Hill
The agreement that President Donald Trump is offering Kim Jong Un carries uncertain rewards and considerable risk for Kim. Trump’s offer is based on the false assumption that Kim wants a prosperous country from which he and the people of North Korea can benefit.
A more accurate starting point is that Kim cares only about his survival and that of the Kim family dynasty. Add to this the dysfunctionality of Washington and the prospect of a hard-left Trump successor, Kim has every incentive not to sign any agreement that offers growth and prosperity in return for denuclearization and joining the world community. The status quo is, unfortunately, Kim’s best option.
Under Trump’s proposals, Kim will give up his nuclear arsenal and open his hermit kingdom to the world economy and foreign investment. A peace treaty will be signed that ends the Korean War, and the Korean Peninsula will divide into two separate countries that would supposedly live in peace.
According to Trump’s “carrot” scenario, foreign direct investment will flow into North Korea and make it prosperous.