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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Given the self - reinforcing nature of the system , it is unsurprising that , over time ,
the favored conglomerates accounted for a growing share of national output and
borrowing . As SaKong ( 1993 ) documents , the chaebol accounted for a ...
More generally , chaebolcontrolled institutions in the non - banking sector have
been on the rise , with their share of deposits increasing ... and their shares of
overall financial sector deposits rising from 5 to 13 percent over the same period .
The Future of the Two Koreas Marcus Noland. Table 7.2 Actual and " natural "
North Korean trade shares , 1990 Actual trade share " Natural ” trade share 23
China Japan South Korea South Korea Japan China 35 30 21 10 13 4 7 Russia
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The South Korean Economy until 1997
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