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 collapse of Hanbo and the political scandal it unleashed doubtlessly forced a
reconsideration of the " rules of the game . " But by the time Kia was nationalized
and its management was dismissed in October 1997 , the crisis was well ...
As the market continued to decline , the ITCs were forced to borrow more and
more to cover interest payments , and over the next ten years their debts grew to
$ 6.7 billion . The Daewoo collapse was the straw that broke the camel's back .
... brought two - thirds of employees under its provisions in 1999. For most ,
unemployed benefits last for only two to three months , but under the pressure of
the crisis the government has been forced to extend benefits on an emergency
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The South Korean Economy until 1997
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