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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The first is to create new high - productivity enterprises . The second is to improve
the productivity of existing ones . While the latter has been the focus of
considerable analysis of enterprise restructuring , it is important to keep in mind
that it has ...
East German households had very few financial claims on state or enterprise
assets . ... The Treuhand also took responsibility for restructuring enterprises and
breaking up the giant Kombinaten , which lengthened the time to market and ...
argue for maximum speed transformation , including shutting down nonviable
enterprises and extending unemployment benefits to individual workers , as the
only way to free up resources for viable enterprises and for the necessary
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The South Korean Economy until 1997
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