# Professor Michael Spence comments on the impact of political tensions in Korea on its economy

1 Faculty News August 29, 2017 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](https://www.cnbc.com/2017/08/29/kim-jong-un-likes-to-threaten-to-destroy-south-korea--but-thats-not-slowing-down-ikea.html) -- "'Both economies and markets have essentially assumed that this is a lot of noise,' \[[Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence)\] said. 'The worrying scenario is that there's rising risk that's not properly perceived.'"

[Read more](https://www.cnbc.com/2017/08/29/kim-jong-un-likes-to-threaten-to-destroy-south-korea--but-thats-not-slowing-down-ikea.html)