The economic implications of Korean unification
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Authors
Schmitz, Jonathan L.
Subjects
Korea
North Korea
South Korea
unification
reunification
economy
economic implications
economic developmen
economic reform
China
Vietnam
Germany
Yemen
North Korea
South Korea
unification
reunification
economy
economic implications
economic developmen
economic reform
China
Vietnam
Germany
Yemen
Advisors
Miller, Lyman
Date of Issue
2002-06
Date
Publisher
Monterey, California. Naval Postgraduate School
Language
Abstract
A major area of concern for Korean unification is the immense cost it will impose on South Korea. To lessen this burden, South Korea will need to initiate policy reforms that can ease the financial stress and repercussions of unification and create an integrated economic community with North Korea. At the same time, North Korea will need to create an environment that is conducive to economic integration by accepting and adopting reform measures that can build the foundation for a market economy. The two largest factors to any economic reform strategy in North Korea would be to overcome the changes to the political-belief system that drives the current economy and the strong link between the state and masses. A policy of engagement will create an environment in which inter-Korean dialogue and mutual cooperation could lead to a transformed, opened North Korea. The unification of Germany and Yemen offer pros and cons as well as similarities and dissimilarities to Korea to form certain conclusions, predictions, and prescriptions. The case studies of China and Vietnam provide a detailed analysis of planned economies transitioning to market economies. From these case studies, several conclusions are drawn regarding the implications of economic unification.
Type
Thesis
Description
Series/Report No
Department
National Security Affairs
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
xviii, 103 p. ;
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.