Korean Unification. Alternative Economics Strategies.
Abstract
Reunification ot North and South Korea could impose huge costs on the richer southern half. This paper examines alternative approaches to reducing those costs. The key is to prevent the utter collapse of the northern economy. This might be accomplished after unification through policies to keep northern price levels competitive or by protecting northern producers. Alternatively, unification could be delayed until the northern economy is ready. While the delaying approach would reduce the immediate cost burden, it would not necessarily lead to unification. In the meantime, a strengthened northern economy could pose a heightened security threat to the south.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1995
- Accession Number
- ADA300182
Entities
People
- James P. Bell
Organizations
- Institute for Defense Analyses