Experiences with Monetary Integration and Lessons for Korean Unification

Experiences with Monetary Integration and Lessons for Korean Unification PDF Author: Goohoon Kwon
Publisher: International Monetary Fund
ISBN: 1451962630
Category : Business & Economics
Languages : en
Pages : 34

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Book Description
This paper discusses the timing of monetary integration and supporting economic policies during a rapid and largely uncontrolled process of Korean unification. The paper concludes that the transitory use of a separate currency in each region and supporting economic policies would help limit the initial costs of unification although the extent of the eventual cost reduction would depend critically on the success of ensuing economic reforms in the North during the transition. Maintaining the competitiveness of the northern economy would need to be a primary policy objective in the case of an early introduction of a common currency.

Experiences with Monetary Integration and Lessons for Korean Unification

Experiences with Monetary Integration and Lessons for Korean Unification PDF Author: Goohoon Kwon
Publisher: International Monetary Fund
ISBN: 1451962630
Category : Business & Economics
Languages : en
Pages : 34

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Book Description
This paper discusses the timing of monetary integration and supporting economic policies during a rapid and largely uncontrolled process of Korean unification. The paper concludes that the transitory use of a separate currency in each region and supporting economic policies would help limit the initial costs of unification although the extent of the eventual cost reduction would depend critically on the success of ensuing economic reforms in the North during the transition. Maintaining the competitiveness of the northern economy would need to be a primary policy objective in the case of an early introduction of a common currency.

Experiences with Monetary Integration and Lessons for Korean Unification

Experiences with Monetary Integration and Lessons for Korean Unification PDF Author: Goohoon Kwon
Publisher:
ISBN:
Category :
Languages : en
Pages : 31

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Book Description


Research Activities of the International Monetary Fund

Research Activities of the International Monetary Fund PDF Author: International Monetary Fund. Interdepartmental Working Group on Fund Policy Advice
Publisher:
ISBN:
Category :
Languages : en
Pages : 142

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Korea

Korea PDF Author: Victor Cha
Publisher: Yale University Press
ISBN: 030027128X
Category : History
Languages : en
Pages : 315

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Book Description
A major new history of North and South Korea, from the late nineteenth century to the present day “Cha and Pacheco Pardo have years of expertise in Korean international relations. . . . A crisp and balanced account.”—Christopher Harding, The Telegraph Korea has a long, riveting history—it is also a divided nation. South Korea is a vibrant democracy, the tenth largest economy, and is home to a world-renowned culture. North Korea is ruled by the most authoritarian regime in the world, a poor country in a rich region, and is best known for the cult of personality surrounding the ruling Kim family. But both Koreas share a unique common history. Victor Cha and Ramon Pacheco Pardo draw on decades of research to explore the history of modern Korea, from the late nineteenth century, Japanese occupation, and Cold War division to the present day. A small country caught amongst the world’s largest powers—including China, Japan, Russia, and the United States—Korea’s fate has been closely connected to its geography and the strength of its leadership and society. This comprehensive history sheds light on the evolving identities of the two Koreas, explaining the sharp differences between North and South, and prospects for unification.

IMF Survey

IMF Survey PDF Author: International Monetary Fund
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 460

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North Korea and Economic Integration in East Asia

North Korea and Economic Integration in East Asia PDF Author: Yeongseop Rhee
Publisher: Routledge
ISBN: 0429608314
Category : Business & Economics
Languages : en
Pages : 140

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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.

The Black Box

The Black Box PDF Author: Victor D. Cha
Publisher: Columbia University Press
ISBN: 0231558732
Category : Political Science
Languages : en
Pages : 175

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Book Description
North Korea is commonly thought of as the most mysterious place in the world. The country is marked by its opacity and inaccessibility, its inner workings seen as impossible for outsiders to grasp. In this groundbreaking book, the leading scholar and practitioner Victor D. Cha shines a light into the “black box” of North Korea and draws critical lessons for the possible reunification of Korea after many decades of division. The Black Box demonstrates convincingly that North Korea, while far from transparent, is less inscrutable than is typically assumed. Using innovative research methods from data scraping to ethnography, including microsurveys of ordinary North Koreans, Cha unearths a trove of new information. Through these pioneering findings, and incorporating his experiences as a White House official negotiating with North Korean interlocutors and traveling to North Korea, he paints a vivid picture of this enigmatic country and develops a grounded account of its behavior. Cha explores the regime’s core tendencies, its policies toward the U.S.–South Korea alliance, cybersecurity threats, the potential for economic development, the growth of a nascent civil society, and pathways toward Korean unification, among other topics. The Black Box provides both an essential understanding of contemporary North Korea and an insightful guide to studying the country from one of the world’s most esteemed experts.

Prospects from Korean Reunification

Prospects from Korean Reunification PDF Author: David Coghlan
Publisher:
ISBN:
Category : Korea
Languages : en
Pages : 36

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Lessons of Transformation for Korean Unification

Lessons of Transformation for Korean Unification PDF Author: Kyuryoon Kim et al.
Publisher: 길잡이미디어
ISBN: 8984797871
Category : Comparative government
Languages : en
Pages : 348

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Book Description
Twenty-five years have passed since the system transformation initiated from Central and Eastern Europe in 1989. Since then, studies of social science have focused more on the external phenomenon that caused the collapse of the socialist system. Immediately after building the system, much attention was centered around the ‘revolution of a society and the establishment of the system,’ until it was replaced by the ‘maintenance of the system.’ The disintegrated socialist system was a part of living mechanism that was introduced to manage human societies in the former Soviet Union, including Central and Eastern European countries. The living mechanism has endured in a collective manner through diverse organically-connected fields. Therefore, the theories of socialist system is to simultaneously analyze the political, economic, and socio‐cultural transformations by taking this organic living mechanism into consideration. In addition, this analysis is subject to be established based on a generalized perspective which is commonly drawn from various examples regarding the system transformation. Upon these studies, we have continued on the analysis of the costs and benefits of Korean Unification which was launched in 2011. In this year’s research, we decided to view lessons from the system transformation and integration of the countries that had already undergone similar processes. Scholars from seven different countries were asked to submit papers on the analysis of system transformation or integration on their countries as well as the implications on the unification process of the Korean peninsula. Various implications, concerning Korean unification, are suggested by each scholar. In Poland’s perspective, seeking consensual relations with major powers in the Northeastern Asia seems to be an encouragement of the unification process. Polish case indicates that in the unified Korea, some major economic efforts must be undertaken to lift out the North Korean population from poverty. Romanian scholar mentioned mainly about how the economy should be transformed and how the North Korean totalitarian managements should be dealt with after the unification. Czech and Slovenia pointed out that the biggest obstacle in their system transformation was the ‘socialist way of thinking’ which had been indoctrinated into the population so that Korean must take it into consideration. Ukraine and Kazakhstan cases suggest that South Korea has to take a great caution not to make radical economic reforms in the Northern part of the unified nation which could lead to an anti-unification sentiment among the North Koreans. Irish case puts emphasis on the normalization of relations between North and South Korea, which is not likely to be accomplished in a short period of time. Vietnamese case presents meaningful implications and suggestions on the possible economic reforms in North Korea. Finally, the last part of this book includes suggestions on South Korea’s policy toward North Korea, as well as the South’s foreign policy during the whole process of Korean unification. Some typical points that should not be overlooked are as follows. First, South Korea needs to keep an eye on the North Korean scholars in case of a precocious achievement of reformation, open-door policy, or unification. Second, the South Korean government should persuade the advocates of reform and open-door policy in North Korea to stand independently and gain the majority of parliamentary seats, or join negotiations for unification. Third, South Korea needs to urge the North to undertake a gradual economic reform rather than a radical one when those who favor the reformation and open-door policy seize the power of the country. Fourth, the prompt dissolution of North Korea’s Supreme People’s Assembly is prerequisite for unification of Korea, for it can be an obstacle in the process of North Korea’s system transformation. Keywords: Polish, Romanian, Czech, Slovenia, Ukrainian, Kazakhstan, Irish, Vietnamese, Transformation, Integration ------------- CONTENTS ------------- Abstract Ⅰ. INTRODUCTION Ⅱ. CASES OF TRANSFORMATION AND INTEGRATION 1. The Polish Case 2. The Romanian Case 3. The Czech and the Slovenia Case 4. The Ukrainian Case 5. The Kazakhstan Case 6. The Irish Case 7. The Vietnamese Case Ⅲ. ANALYSIS OF TRANSFORMATION AND INTEGRATION PROCESS 1. Theoretical Types 2. Distinctive Features Ⅳ. CONCLUSION References Recent Publications

Avoiding the Apocalypse: The Future of the Two Koreas [ISBN not on www]

Avoiding the Apocalypse: The Future of the Two Koreas [ISBN not on www] PDF Author: Noland, Marcus
Publisher: Peterson Institute
ISBN: 9780881325935
Category :
Languages : en
Pages : 462

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Book Description