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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Twenty - five years later primary product exports had fallen to 5 percent .
Engineering products , which had made up only 5 percent of South Korea's
exports in 1963 , were more than 40 percent a quarter century later . Products
such as motor ...
level rose by 3 percent , and the stock market went up by 458 percent , becoming
the ninth largest in the world by 1989. Eventually , South Korea came under both
market and political pressure to revalue . As it did , stock prices fell . The quota ...
By March , foreign exchange reserves had risen to $ 25 billion ; the corporate
bond rate had fallen to only 19 percent ; and the exchange rate had stabilized at
around 1400 won to the dollar . On 31 March , a debt reduction agreement was ...
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The South Korean Economy until 1997
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