Avoiding the Apocalypse: The Future of the Two Koreas
Institute for International Economics, 2000 - 431 pagine
On the Korean peninsula one of the greatest success stories of the postwar era confronts a famine-ridden-and possibly nuclear-armed-totalitarian state. The stakes are extraordinarily high for both North and South Korea and for countries such as the United States that have a direct stake in these affairs. This study, the most comprehensive volume to date on the subject, examines the current situation in the two Koreas in terms of three major crises: the nuclear confrontation between the United States and North Korea, the North Korean famine, and the South Korean financial crisis. The future of the peninsula is then explored under three alternative scenarios: successful reform in North Korea, collapse and absorption (as happened in Germany), and "muddling through" in which North Korea, supported by foreign powers, makes ad hoc, regime-preserving reforms that fall short of fundamental transformation.
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raneously negotiating with the FSC to purchase Korea First Bank , Daewoo's
main creditor ) and entered into negotiations with Nippon Electric Glass to sell its
Hankuk Electric Glass subsidiary . However , many observers , including most ...
One theory was that the government decided to hand Daewoo back over to its
management rather than allow foreign bankers to participate in the restructuring .
This change was regarded as a negative signal to foreign investors , and on 30 ...
ing a quick deal with Daewoo's foreign creditors . The formula proposed by the
Corporate Restructuring Coordinating Committee would have involved foreign
creditors accepting larger losses on average than domestic creditors on their ...
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The South Korean Economy until 1997
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