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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Two years later , the rumors were widely circulating in the press , and , in May
1989 , Hungary began allowing East Germans to transit to the West , thereby
releasing a wave of emigration . ? Mass demonstrations against the East German
The goals of the monetary union were threefold : to establish a competitive wage
; to give the new economy the right amount of liquidity ; and to give East German
residents sufficient capital for their participation in the unified economy .
Indeed , residents of East Germany were effectively frozen out of this process .
The paucity of financial instruments in East Germany prior to unification meant
that the portfolios of East German households were extremely concentrated in
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The South Korean Economy until 1997
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