Avoiding the Apocalypse: The Future of the Two KoreasInstitute 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. |
Dall'interno del libro
Risultati 1-3 di 83
... interest rates , and the annual interest subsidy grew from about 3 percent of GNP in 1962-71 to approxi- mately 10 percent of GNP on average between 1972 and 1979 ( Pyo 1989 ) . The detrimental impact of credit rationing was moderated ...
... interest spike . According to the OECD ( 1998 ) , South Korean firms ' interest costs already accounted for 17 percent of business costs - three times higher than comparable percentages in the United States or Japan - and the interest ...
... interest rate spikes . He claims that the empirical evidence shows that banking crises in developing countries are associated with interest rate spikes , not with currency devaluations . The second argument in this critique is that ...
Sommario
Introduction | 1 |
References | 5 |
The South Korean Economy until 1997 | 15 |
Copyright | |
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Avoiding the Apocalypse: The Future of the Two Koreas [ISBN not on www] Noland, Marcus Anteprima limitata - 2000 |