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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19 bank lending institutions to supply credit to the economy , setting off a self -
reinforcing downward spiral . In South Korea , these investments were
intermediated by local banks and non - bank financial institutions in the context of
the widely ...
The problem is how to get from here to there given South Korea's economic and
political institutions , particularly the overwhelming presence of the chaebol .
Upon reviewing South Korean economic history , two lessons stand out .
This type of interaction would involve the most extensive contact between North
Koreans and outsiders , and competition among North Korean institutions and
enterprises to attract FDI could have enormous learning and demonstration
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The South Korean Economy until 1997
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