Prospects for North-South Korean Economic Relations and the Evolving Role of Korea in Continental Northeast Asian Economic Development

Prospects for North-South Korean Economic Relations and the Evolving Role of Korea in Continental Northeast Asian Economic Development PDF Author: Ha-chʻŏng Yŏn
Publisher:
ISBN:
Category : Korea (North)
Languages : en
Pages : 48

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Prospects for North-South Korean Economic Relations and the Evolving Role of Korea in Continental Northeast Asian Economic Development

Prospects for North-South Korean Economic Relations and the Evolving Role of Korea in Continental Northeast Asian Economic Development PDF Author: Ha-chʻŏng Yŏn
Publisher:
ISBN:
Category : Korea (North)
Languages : en
Pages : 48

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Towards a Northeast Asian Security Community

Towards a Northeast Asian Security Community PDF Author: Bernhard Seliger
Publisher: Springer Science & Business Media
ISBN: 1441996575
Category : Political Science
Languages : en
Pages : 263

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Book Description
The Northeast Asian security environment is closely linked to Korea’s growth perspectives for the future. The spectacular rise of the South Korean economy in the past half century, also known as “Miracle on the Han River,” has been duly highlighted as one of the most successful cases of economic development worldwide. However, among the factors curbing South Korea’s growth perspectives has been, from the very beginning of its rise, the coexistence of the difficult neighbour to the North, Democratic People’s Republic of Korea. While in the cold war this coexistence has been taken as inevitable, after the end of the cold war there were hopes to overcome this obstacle to further growth either through collapse or enhanced cooperation with the North, neither of which became reality. North Korea’s unprecedented aggressiveness and development of long-range ballistic missiles and nuclear devices, made this threat truly an international question with multilateral talks coming into existence as ad-hoc measures to cope with the nuclear crisis. It was then that the idea of a Northeast Asian Security Community was born. The contributions in this book discuss how a peaceful solution of the security problems could not only enhance stability of Korea’s economy and reduce the defense burden considerably (the so-called peace dividend), but would facilitate regional investments safer and regional solutions for common economic problems. When discussing the possibilities of a security framework or, in an institutionalized form, security community, in Northeast Asia, the authors in this volume are realistic as to not fall into the trap of wishful thinking, which so often has characterized approaches to North Korea resulting in disappointment. The past two years again saw the rising of tensions in Northeast Asia and the masterful way in which even an impoverished and isolated country can play its cards. While it seems a new ice age between the two Koreas is possible, nevertheless and maybe even more than ever the search for a stable security framework for Northeast Asia as a precondition for peaceful economic cooperation and development will go on. The chapters in this volume contribute to the ongoing debate to secure peace and development in Northeast Asia, making this book of interest to both academics and policy-makers alike.

Cost-Benefit Analyses of Unification and Economic Integration Strategies of the Korean Peninsula

Cost-Benefit Analyses of Unification and Economic Integration Strategies of the Korean Peninsula PDF Author: Korea Institute for International Economic Policy (South Korea)
Publisher: 길잡이미디어
ISBN: 8932201080
Category : Korea (North)
Languages : en
Pages : 91

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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.

North Korea in Transition

North Korea in Transition PDF Author: Chang-Ho Yoon
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 370

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Book Description
This volume is based on papers from the conference, "Developing social infrastructure in North Korea for economic cooperation between the South and the North," held at Korea University, Seoul, November 1998. Yoon (economics, Korea U.), Lau (economic development, Stanford U.), and other scholars discuss the development potential of the North Korean economy and the compatibility of economic reform with the maintenance of internal political stability. Twelve contributions are organized into sections on the political economy of North Korea, development potential under reform, the experience of other transition economies, the availability of social infrastructure, and the importance of industrial location. c. Book News Inc.

The Future of the Korean Peninsula

The Future of the Korean Peninsula PDF Author: Mason Richey
Publisher: Routledge
ISBN: 1000414116
Category : Social Science
Languages : en
Pages : 255

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Book Description
This book considers both Koreas - North Korea and South Korea - to examine possible pathways for the years leading up to 2032 and beyond, thus offering a composite picture of Korea and its strategic relevance in Asia and the world at large. Through a combined South-North Olympic team and an effort of jointly hosting the Games, Republic of Korea president Moon Jae-in has marked the year 2032 as special in the future of the Korean Peninsula. Although the International Olympic Committee (IOC) has expressed scepticism about a combined hosting of the Games, the expectation in Korea is that this event will underline the shared destiny of the people inhabiting the peninsula and realign two states still caught in an ideologically fraught civil conflict that is one of the last vestiges of the Cold War. Chapters begin with a brief historical review and analysis of the present, before moving to consider how these will shape the next decade, drawing comparative and complementary analyses. No matter how contrasting the contemporary trajectories of both North and South Korea might appear, ‘Korea’ as a singular entity is an old concept still containing great possibilities. As the ongoing inter-Korean reconciliation process underscores, the futures of North and South Korea can be found in a complementary singular Korea, which would again represent an important political, strategic, cultural, and social space in Asia. An evaluation of the future trajectory, social awareness and perception of the Koreas, this book offers a valuable contribution to the study of North and South Korea and Asian Politics.

Development Prospects for North Korea

Development Prospects for North Korea PDF Author: Tae Yong Jung
Publisher: Routledge
ISBN: 1000207749
Category : Social Science
Languages : en
Pages : 200

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Book Description
The contributors to this book explore the current situation of North Korea in various aspects and provide policy suggestions for North Korea to become part of the international community and achieve sustainable development. Focusing on three key areas of economic development, namely, international sectors, agriculture and urban development, and energy and environment, this book lays out recommendations and prospects for North Korea. Authors assess the current situation of North Korea, explore preconditions for becoming a member of the international community, and suggest policies necessary for the sustainable development of North Korea. They cover a wide range of areas including reforestation, WTO accession, and the potential for economic integration with South Korea. These evaluations draw on both what is understood about the current situation in North Korea and comparisons with other countries and territories. This book will be a valuable resource for scholars and policy planners who focus on North Korea.

South Korea's Rise

South Korea's Rise PDF Author: Uk Heo
Publisher: Cambridge University Press
ISBN: 1139991922
Category : Political Science
Languages : en
Pages : 229

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Book Description
South Korea's phenomenal rise has been studied extensively by political scientists and economists both in terms of its impact on democratisation and as a role model for economic development. Yet little attention has been devoted to exploring the nexus between economic development and foreign policy. In South Korea's Rise, Uk Heo and Terence Roehrig propose a new theoretical framework to illustrate how an increase in a country's economic prosperity can bring about change to its foreign policy, prompting greater involvement in the international system, the transition to democracy, an expanded set of interests and increased tools to pursue its foreign policy goals. As a rising middle power, analysis of South Korea's foreign policy is crucial to our understanding of the power structure and future relations in East Asia. This is essential reading for all students and scholars with an interest in Asia, foreign policy and global economics.

Global Expectations for Korean Unification

Global Expectations for Korean Unification PDF Author: Kyuryoon Kim et al.
Publisher: 길잡이미디어
ISBN: 8984797863
Category : Korea
Languages : en
Pages : 428

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Book Description
The current research aims to provide analytical understandings on the costs and benefits of Korean unification from political, social, and economic aspects. Upon the two years of earlier works, we constructed an analytical model encompassing both spatial and temporal dimensions of the unification process, and built comprehensive architecture, ‘the Guiding Type of Unification.’ Based on this model, we have broaden the scope of the research by collecting diverse perspectives from the worldwide experts of the leading countries. We expect to observe the global trends of world governance. Indeed, the increasing importance of Group of Twenty (G‐20) countries in managing global problems reflects both political and social aspects of the changes occurring in global governance. Another reason for this would be South Korea’s diversified international relations in the recent years. Hence, it seems necessary to take a closer look on the international dimensions of Korean unification. In this vein, we requested thirteen experts of the leading countries to express their opinions on Korean unification. In order to collect international perspectives in a coordinated manner, scholars were provided with a guideline to include their perspectives on the expected effects of Korean Unification and the potential roles of their countries during and after the process. Participants were also asked to present candid implications for Korean unification. Argentina, whose food supply is abundant, laid stress on providing assistance in terms of food security during the unification. Australia, who has special concerns in Asian security, suggested a comprehensive support not only as a mediator but also as one of the U.S. alliance. Due to remote distance to Asia, Brazil is relatively less affected by the unification. Brazil, however, expressed that it has a keen interest in transmission of its experience regarding nuclear issues with Argentina. Similar to Brazil’s stance, the effects of the unification influence is indirect to Canada. Nevertheless, Canada could play a role in providing humanitarian assistance, and could be a potential destination for North Korean refugee resettlement. France, one of the most influential members in the European Union and the United Nations, made a suggestion to promote institution building in East Asia that can promote stability in the region. Germany, the only country who had experienced unification, presented its interest in participating actively in the process of Korean unification through public and private sectors. India assumed that the unification of Korea leads to the denuclearization of the peninsula, and would see this as a positive sign for stability of the region, since it would limit or end North Korea’s nuclear weapon transmits with Pakistan. Indonesia could contribute to regional peace and stability through ASEAN and its extensions as South Korea can call upon Indonesia to engage in the peace process. Italy, who especially pointed out the role of European Union as a whole, is well-poised to contribute to economic and social development with North Korea through technical assistance. Mexico can, and expressed its willingness to play an active role in the unification process through international organizations. South Africa, who had been successful in national reconciliation and denuclearization, is very likely to provide its experience and can be a strong voice for the NPT and arms control in the international society. Advocating South Korea’s policy in Korean unification, Turkey explicitly mentioned that it will side with Seoul if there is a possible conflict in the peninsula. The author emphasized that the international community must be well-informed on how Korean unification will take place. Last but not least, the United Kingdom author suggested that Koreans will have to resolve emotional conflicts for reconciliation. Considering how both Koreas have dealt educational matters concerning the division of the peninsula, this may face a major challenge in the future generation. Thirteen countries’ diversely manifested positions on the unifying process are indicative of perceptual change that the issue of Korean unification is no longer a regional issue, but an international one, in which multiple actors have their own stakes within. Upon the previously suggested implications, we categorized the countries into three groups: bystanders, supporters, and interveners. This categorization reflects the assertiveness of each country, or coercive level of each country’s assistance instrumented towards the two Koreas during the unifying process. In the conclusion, based on our final analysis, we provided recommendations for the policy makers. First, diversified diplomacy creates an amicable international environment for unification policies beyond the power politics of the Four Powers. Second, activation of leading countries’ roles is strategically advantageous to activate the meaningful roles of these leading countries to minimize the Four Powers’ concerns. Third, emphasizing the formation of multilateral system would provide leading countries with an additional motivation to actively participate in the unification process. Furthermore, multilateral efforts to achieve Korean unification are also expected to contribute to the furtherance of democratic elements in the dynamics of international relations as a whole. Fourth, it is now high time for us to conduct more public diplomacy by devising new and creative methodologies. The global research project of this kind could be one of the most effective public diplomatic tools. Lastly, the unification between two Koreas can no longer be considered as a regional issue within Northeast Asia since others, including the leading countries, conceive their national interests along the process of unification on the Korean peninsula in diverse ways. Overall, thirteen countries’ recommendations underline the significance of collective efforts in addressing the unification process and suggest South Korea to learn lessons from the experience that they have undergone in the past. Keywords: Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Mexico, South Africa, Turkey, United Kingdom, Expectation, Role, Effect ------------- CONTENTS ------------- Acknowledgments Abstract Ⅰ. INTRODUCTION Ⅱ. EFFECTS AND ROLES 1. Argentina 2. Australia 3. Brazil 4. Canada 5. France 6. Germany 7. India 8. Indonesia 9. Italy 10. Mexico 11. South Africa 12. Turkey 13. United Kingdom Ⅲ. ANALYSIS AND EVALUATION 1. Expected Effect 2. Potential Roles 3. Classification of Leading Countries Ⅳ. CONCLUSION References Recent Publications

Korea in the 21st Century

Korea in the 21st Century PDF Author: Seung-Ho Joo
Publisher: Nova Publishers
ISBN: 9781560729907
Category : Business & Economics
Languages : en
Pages : 278

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Book Description
At the turn of the second millennium, Koreans face multiple challenges at home and abroad. South Korea is still in the throes of democratisation and economic reforms, while North Korea faces food shortages and other economic difficulties. The two Koreas need to manage the unification process so as to bring about national harmony and promote economic prosperity. The Korean people need to devise a new security strategy for a unified Korea to ensure its survival and independence in the early 21st century. This collection is divided into three parts, and each addresses an important issue area confronting the Korean people in the 21st century. Part I examines South Korea's democratisation and economic reforms against the backdrop of the East Asian financial crisis. Part II discusses the problems and prospects for inter-Korean relations and the characteristics of North Korea's foreign policy behaviour. Part III analyses South Korea's security relations with the four major powers at the turn of the new millennium. All chapters are written by renowned experts in their fields and offer valuable insights into the dynamics of the two Korean's domestic politics and foreign policy.

The End of North Korea

The End of North Korea PDF Author: Nick Eberstadt
Publisher: A E I Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
Prolonging North Korea's life may actually increase the costs and the dangers of its inevitable demise.