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Economic Integration of Korean Peninsula : Special Report (Institute for International Economics) - Marcus Noland

Economic Integration of Korean Peninsula

Special Report (Institute for International Economics)

Paperback Published: 1998
ISBN: 9780881322552
Number Of Pages: 290
For Ages: 22+ years old

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The North Korean economy cannot sustain its population. Absent fundamental economic reforms, it will never be able to do so. Hence, North Korea will require sizable external support for the foreseeable future. South Korea, China, Japan & the United States have been willing to provide this support because they fear a collapse in the North, or even worse, a lashing out that would unleash war on the peninsula & put millions of people in Asia in jeopardy - including thousands of US troops stationed in South Korea & Japan.The status quo is thus closer to extortion than charity. In this volume, a diverse group of contributors analyze prospective developments on the Korean peninsula. The authors address the three broad strategic possibilities of war, collapse & gradual adjustment. Four immediate policy issues are then considered: the current economic conditions & policies in the North, the food crisis, the nuclear energy/nuclear weapons issue & the possibility of large-scale refugee flows. Finally, the volume considers several longer-run issues concerning the inevitable integration of the peninsula: the potential relevance of the German experience, the costs & benefits of economic unification between North & South Korea & the possible role of the international financial institutions in funding the new arrangement. The volume concludes with recommendations for policymakers,especially in the United States & South Korea, from the preceding analyses.

Prefacep. vii
Introductionp. 1
Three Basic Scenarios
The Likelihood and Implications of a North Korean Attack on the Southp. 9
North Korea: All Roads Lead to Collapse--All the More Reason to Engage Pyongyangp. 27
Managing Integration on the Korean Peninsula: The Positive and Normative Case for Gradualism with or without Integrationp. 39
Immediate Issues
The Food Economy: The Catalyst for Collapse?p. 53
North Korean Energy Sector: Current Status and Scenarios for 2000 and 2005p. 77
Refugee Issues Relating to Three Scenarios for the Future of the Korean Peninsulap. 119
(Slightly) Longer Run Economic Issues
The Current North Korean Economyp. 137
Korean Unification: Lessons From Germanyp. 165
Calibrating the Costs (and Benefits) of Unificationp. 191
Thinking about the World Bank and North Koreap. 201
Implications for Domestic Policy
US Leadership in the Rebuilding of the North Korean Economyp. 223
South Korea: Preparations Awaiting Unification--The Political Componentsp. 237
Preparing for the Economic Integration of Two Koreas: Policy Challenges to South Koreap. 251
Conference Participantsp. 273
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780881322552
ISBN-10: 0881322555
Series: Special Report (Institute for International Economics)
Audience: Professional
For Ages: 22+ years old
Format: Paperback
Language: English
Number Of Pages: 290
Published: 1998
Publisher: The Peterson Institute for International Economics
Country of Publication: US
Dimensions (cm): 0.9 x 0.6  x 1.5
Weight (kg): 0.4