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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... measures , including generous wastage allowances on duty - free imports and
reduced prices for electricity and rail transport . The export - importlink system
allowed exporters to earn rents through the importation of restricted items .
Presumptively less compliant foreign banks could not be allowed into the market
in any significant way , for , if they were allowed to establish a significant
presence , they would undermine the domestic banks operating under the
burdens of ...
The government announced in August 1996 that foreign investors would be
allowed to invest in convertible bonds issued by large corporations beginning in
1998 , but that full opening of the bond market would be delayed until the
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The South Korean Economy until 1997
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