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Author: Yeongseop Rhee
Publisher: Routledge
ISBN: 0429602790
Category : Business & Economics
Languages : en
Pages : 197
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Book Description
Throughout North Korea’s history, it has regarded external relations with suspicion and as a potential threat to its regime. With North Korea working towards denuclearization, there is now hope for an economic opening. This book examines the external economic strategies that North Korea may consider for its reforms and development, which are related to the East Asian economic integration process. This book emphasizes that considering theoretical factors as well as conditions of the North Korean economy, economic opening and integration should have high priority, anteceding or at least being parallel to economic reforms and transformation. Also, among various alternative strategies for achieving the goal of economic reform and development based on economic opening, the utilization of East Asian regional economic integration framework would be the best option for North Korea, because this framework can provide an opportunity for North Korea to overcome structural problems in its external economic relations and to circumvent political conflicts, thus leading to a smoother rapprochement towards economic opening. This book is timely as it shows how a new economic recovery strategy on the Korean Peninsula may be accomplished.
Author: Yeongseop Rhee
Publisher: Routledge
ISBN: 0429602790
Category : Business & Economics
Languages : en
Pages : 197
Get Book Here
Book Description
Throughout North Korea’s history, it has regarded external relations with suspicion and as a potential threat to its regime. With North Korea working towards denuclearization, there is now hope for an economic opening. This book examines the external economic strategies that North Korea may consider for its reforms and development, which are related to the East Asian economic integration process. This book emphasizes that considering theoretical factors as well as conditions of the North Korean economy, economic opening and integration should have high priority, anteceding or at least being parallel to economic reforms and transformation. Also, among various alternative strategies for achieving the goal of economic reform and development based on economic opening, the utilization of East Asian regional economic integration framework would be the best option for North Korea, because this framework can provide an opportunity for North Korea to overcome structural problems in its external economic relations and to circumvent political conflicts, thus leading to a smoother rapprochement towards economic opening. This book is timely as it shows how a new economic recovery strategy on the Korean Peninsula may be accomplished.
Author:
Publisher: Routledge
ISBN: 1134110715
Category :
Languages : en
Pages : 191
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Book Description
Author: Korea Institute for International Economic Policy (South Korea)
Publisher: 길잡이미디어
ISBN: 8932201080
Category : Korea (North)
Languages : en
Pages : 91
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Book Description
Preface Ⅰ.A Study to Analyze CostBenefits of the Reunification of Korean Peninsula to the United States (Marcus Noland) 1. Unification Scenarios and Interests of the United States 2. General Equilibrium Calibration of Unification 3. Implications for the United States from the Gravity Model 4. Policy Issues Ⅱ.A Study to Analyze CostBenefits of the Reunification of Korean Peninsula to China (Jin Jingyi et al.) 1. Introduction 2. Ideal Condition of the Korean Peninsula within China’s Development Strategy in Northeast Asia 3. Unification of the Korean Peninsula and Economic Benefits for China 4. Unification of the Korean Peninsula and Security Benefits for China 5. Sino-Korean Cooperation Strategies for Korean Unification 6. Conclusion Ⅲ.A Study to Analyze CostBenefits of the Reunification of Korean Peninsula to Japan (Kyoji Fukao et al.) 1. Introduction 2. Scenarios of Economic Development after Unification 3. Increase in GDP and Employment in Japan and Other Major Economies 4. A ‘Super Korea’ as Japan’s Rival in the East Asian Division of Labor 5. Financing North Korea’s Infrastructure 6. Role of Japanese Private Firms in Supporting the Infrastructure Projects Ⅳ.A Study to Analyze CostBenefits of the Reunification of Korean Peninsula to the Russian Federation (Alexander Zhebin et al.) 1. Factors Determining Russia’s Korean Policy 2. Major Shortcomings of the Existing Reunification Scenarios 3. Cost-Benefits of 5 Unification Scenarios 4. Suggestions for South Korea’s Unification Policy Ⅴ. The Effects of Economic Integration between South and North Korea(Sung Hankyoung) 1. Introduction 2. Changes due to Economic Integration 3. Model and Scenario 4. Analysis of Results by Scenario 5. Comparative Analysis of Scenario Results 6. Policy Implications Ⅵ.Gradual Economic Integration between South and North Korea and Economic Cooperation in Northeast Asia (Kang Moonsung et al.) 1. Introduction 2. Fundamental Directions for Achieving Economic Integration of North andSouth Korea 3. North and South Korean Economic Integration and Effects on NortheastAsian Division of Labor 4. North and South Korean Economic Integration and Northeast AsianEconomic Cooperation 5. Gradual Achievement of South and North Korean Economic Integration Ⅶ.Analysis on Diplomatic and Security Benefits of Unification and Strategies for Unification (Chun Chae-sung et al.) 1. Introduction 2. International Politics in the Current East Asian Region 3. Position on the Unification in the Korean Peninsula of Countries US, China,Japan and Russia 4. Unification Diplomacy Strategies for the Unified Korean Peninsula vis-à-visNeighboring Countries Those of us living in the contemporary times have a common mission to achieve unification in the Korean peninsula for the joint progress of South and North Korea based on the support of the international society and Northeast Asian cooperation. Korean unification is also an historical imperative for the Koreans who have been one nation and one people for a long time. Therefore it is necessary to present to the government strategies and policy alternatives through in-depth research on ‘when’ and ‘how’ unification would be achieved, and ‘what’ kinds of impact it would have, rather than ‘if’ it will happen. In this respect, this book is a summary of 7 studies conducted under the ‘Research Project on the Unified Korea and Northeast Asian Economic Cooperation’. Its main contents include analyses on the costs and benefits of the unification of Korea in the perspective of its four neighboring countries—US, China, Japan, and Russia; effects of inter-Korean economic integration in Korea’s perspective, and analysis of diplomatic/security benefits of unification. The world is now more interconnected than ever, and Korean unification will invariably impact its neighbors. In this regard, the cost-benefit analyses of the four countries are quite meaningful in that 12 overseas Korea specialists analyze the benefits of Korean unification and provide policy suggestions to maximize these benefits from the perspective of their own respective countries. In addition, the three research projects conducted by 11 domestic experts which provide advice on the effects of economic integration along with strategies for Northeast Asian cooperation based on their analysis on inter-Korean economic integration and diplomatic/security benefits of unification are also extremely valuable. The research projects conducted by researchers from 4 major countries present four unification scenarios-status-quo, North Korea’s reform and opening-up, absorption of the North by South Korea, and peaceful unification. In the case of peaceful unification, which is preferable to all parties involved, the US, China, Japan, and Russia will all witness an increase of $7.6 to 48.5 billion in their GDPs, and creation of 210,000 to 5,640,000 new jobs, resulting in positive ripple impacts for all 4 countries. According to the analyses, China will be the biggest benefactor of Korean unification, the US and Japan will reap similar benefits, and Russia will benefit the least. In the event of Korean unification, China’s three northeast provinces will become a vibrant logistics center and hub for the Eurasian Continent and the Pacific region. According to the study by Japanese researchers, a ‘Super Korea’ will emerge after Korean unification, rivaling Japan. The russian researchers analyzed that if energy exports increases; and the Siberian railway and gas pipeline were connected all the way to the Korean peninsula as a result of unification, it will lead to an economic boom in the Far East. Domestic researchers show that unification will bring changes in factors of production, market expansion, decrease in military spending, and improvement in international credit rating. According to their various unification scenarios, North and South Korea’s GDP growth rates will increase 16%p and 1%p respectively between 2016 and 2030. In the early stages of unification, independent currencies should be used but One Korea Indexed Unit of Account (OKU) must also be introduced; and in order to make use of North Korea’s human resources, disparity of wages between South and North Korea is unavoidable. They also analyze that a unified Korea will contribute to the resolution of the security dilemma in Northeast Asia by buffering the competition for economic and military hegemony between major powers such as the US vis-a-vis China and China vis-a-vis Japan, facilitating cooperation. Also, North Korea’s denuclearization alone will, in and of itself, significantly benefit neighboring countries. Those of us living in the contemporary times have a common mission to achieve unification in the Korean peninsula for the joint progress of South and North Korea based on the support of the international society and Northeast Asian cooperation. Korean unification is also an historical imperative for the Koreans who have been one nation and one people for a long time. Therefore it is necessary to present to the government strategies and policy alternatives through in-depth research on ‘when’ and ‘how’ unification would be achieved, and ‘what’ kinds of impact it would have, rather than ‘if’ it will happen. In this respect, this book is a summary of 7 studies conducted under the ‘Research Project on the Unified Korea and Northeast Asian Economic Cooperation’. Its main contents include analyses on the costs and benefits of the unification of Korea in the perspective of its four neighboring countries—US, China, Japan, and Russia; effects of inter-Korean economic integration in Korea’s perspective, and analysis of diplomatic/security benefits of unification. The world is now more interconnected than ever, and Korean unification will invariably impact its neighbors. In this regard, the cost-benefit analyses of the four countries are quite meaningful in that 12 overseas Korea specialists analyze the benefits of Korean unification and provide policy suggestions to maximize these benefits from the perspective of their own respective countries. In addition, the three research projects conducted by 11 domestic experts which provide advice on the effects of economic integration along with strategies for Northeast Asian cooperation based on their analysis on inter-Korean economic integration and diplomatic/security benefits of unification are also extremely valuable. The research projects conducted by researchers from 4 major countries present four unification scenarios-status-quo, North Korea’s reform and opening-up, absorption of the North by South Korea, and peaceful unification. In the case of peaceful unification, which is preferable to all parties involved, the US, China, Japan, and Russia will all witness an increase of $7.6 to 48.5 billion in their GDPs, and creation of 210,000 to 5,640,000 new jobs, resulting in positive ripple impacts for all 4 countries. According to the analyses, China will be the biggest benefactor of Korean unification, the US and Japan will reap similar benefits, and Russia will benefit the least. In the event of Korean unification, China’s three northeast provinces will become a vibrant logistics center and hub for the Eurasian Continent and the Pacific region. According to the study by Japanese researchers, a ‘Super Korea’ will emerge after Korean unification, rivaling Japan. The russian researchers analyzed that if energy exports increases; and the Siberian railway and gas pipeline were connected all the way to the Korean peninsula as a result of unification, it will lead to an economic boom in the Far East. Domestic researchers show that unification will bring changes in factors of production, market expansion, decrease in military spending, and improvement in international credit rating. According to their various unification scenarios, North and South Korea’s GDP growth rates will increase 16%p and 1%p respectively between 2016 and 2030. In the early stages of unification, independent currencies should be used but One Korea Indexed Unit of Account (OKU) must also be introduced; and in order to make use of North Korea’s human resources, disparity of wages between South and North Korea is unavoidable. They also analyze that a unified Korea will contribute to the resolution of the security dilemma in Northeast Asia by buffering the competition for economic and military hegemony between major powers such as the US vis-a-vis China and China vis-a-vis Japan, facilitating cooperation. Also, North Korea’s denuclearization alone will, in and of itself, significantly benefit neighboring countries.
Author: Eun Kwan Choi
Publisher: Routledge
ISBN: 1134408706
Category : Business & Economics
Languages : en
Pages : 265
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Book Description
Mention North Korea to people today and they will conjure up many unflattering images, particularly in the wake of George W. Bush denouncing the state as part of an "axis of evil". Despite this cold war type rhetoric, the state of North Korea has begun to recognise the difficult challenges that it faces and is now trying to get to grips with them systematically. This book brings together a selection of many of the world experts on the North Korean economy and covers such important issues as: *possible unification with South Korea *the significance of China's economic success *Europe and the United States' roles in North Korea North Korea in the World Economy provides an accessible, well-written and comprehensive account of this unique country and its economy. It will be extremely interesting not only for students and academics with an interest in Korean studies, international finance and transition economies but also for anyone with an interest in international economics.
Author: Young Back Choi
Publisher: Edward Elgar Publishing
ISBN: 9781782543954
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
"Assembled in this volume are a diverse group of economists and analysts from academia, government and think tanks in the US and South Korea. Topics range from philosophical to practical policy matters. Students, researchers and policymakers interested in Korea and in the broader issues of economic and political integration will find this volume fresh and insightful."--BOOK JACKET.
Author: Lee-Jay Cho
Publisher: 한국개발연구원
ISBN:
Category : Korea (North)
Languages : en
Pages : 362
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Book Description
Author: Lee-Jay Cho
Publisher: University of Hawaii Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 464
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Book Description
China, Japan, and South Korea constitute one of the most dynamic economic regions in the world, but it is a region where formal regional machinery is yet to be realized. The establishment of an information infrastructure, energy community, and institution for financing infrastructure investment for the region are discussed in this volume.
Author: Marcus Noland
Publisher: Peterson Institute for International Economics
ISBN:
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
The North Korean economy cannot sustain its population. Absent fundamental economic reforms, it will never be able to do so. Hence North Korea will require sizable external support for the foreseeable future. South Korea, China, Japan, and the United States have been willing to provide this support because they fear a collapse in the North or, even worse, a lashing out that would unleash war on the peninsula and put millions of people in Asia in jeopardy--including thousands of US troops stationed in South Korea and Japan. The status quo is thus closer to extortion than charity. In this volume, a diverse group of contributors analyze prospective developments on the Korean peninsula. The authors first address the three broad strategic possibilities of war, collapse, and gradual adjustment. Four immediate policy issues are then considered: the current economic conditions and policies in the North, the food crisis, the nuclear energy/nuclear weapons issue, and the possibility of large-scale refugee flows. Finally, the volume considers several longer-run issues concerning the inevitable integration of the peninsula: the potential relevance of the German experience, the costs and benefits of economic unification between North and South Korea, and the possible role of the international financial institutions in funding the new arrangement. The volume concludes with recommendations for policymakers, especially in the United States and South Korea, from the preceding analyses.
Author: Charles K. Armstrong
Publisher: Routledge
ISBN: 1315289555
Category : Business & Economics
Languages : en
Pages : 394
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Book Description
The common images of Korea view the peninsula as a long-standing battleground for outside powers and the Cold War's last divided state. But, Korea's location at the very center of Northeast Asia gives it a pivotal role in the economic integration of the region and the dynamic development of its more powerful neighbors. A great wave of economic expansion, driven first by the Japanese miracle and then by the ascent of China, has made South Korea - an economic powerhouse in its own right - the hub of the region once again, a natural corridor for railroads and energy pipelines linking Asiatic Russia to China and Japan. And, over the horizon, an opening of North Korea, with multilateral support, would add another major push toward regional integration. Illuminating the role of the Korean peninsula in three modern historical periods, the eminent international contributors to this volume offer a fresh and stimulating appraisal of Korea as the key to the coalescence of a broad, open Northeast Asian regionalism in the twenty-fifth century.
Author: Ross P. Buckley
Publisher: Edward Elgar Publishing
ISBN: 1849808694
Category : Business & Economics
Languages : en
Pages : 349
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Book Description
'This book offers a fascinating exploration of the contradictions of East Asian economic integration: a topic of enormous contemporary significance to observers of world political and economic affairs. The collection provides an unusually rigorous and systematic treatment of this important topic, drawing on contributions from an impressive array of experts. It will provide a valuable resource for students, scholars and other observers seeking deeper understanding of the contemporary dynamics and challenges of East Asian integration.' - Kate MacDonald, University of Melbourne, Australia 'East Asia is a crucial part of the global economy. This book analyses three key elements of East Asian economic integration: trade, investment and international finance. The authors are leading experts in their fields. Their book represents an important addition to the literature on a subject of fundamental importance both regionally and globally.' - Bradly J. Condon, ITAM, Mexico City This book analyses recent developments and likely future paths for trade and financial integration in East Asia. It suggests a more coherent, balanced way forward for regional economic integration and analyses implications for institution building in East Asia. East Asia has achieved a high degree of intra-regional trade, investment and GDP correlation, through an expanding web of free trade agreements and production networks. However, financially, most regional economies are linked more closely to North America and Europe than to each other. As trade integration has accelerated, financial and monetary integration has not kept pace. East Asian Economic Integration analyses potential reasons and remedies for this phenomenon through a multidisciplinary framework of law, politics and economics. This comprehensive book will appeal to researchers and students in political science, international relations, trade law, international finance law, and regional studies generally. It will also be of great interest to regional
