Forecasting Korea's Economy and the Cost of Reunification
ResearchPublished 2000
ResearchPublished 2000
Restructuring and reforming the South Korean economy so it resumes and sustains its high growth trajectory is a formidable problem that will engage the attention of policy makers in the coming years. Reunification of the peninsula, while a separable problem, will in the longer term merge with the restructuring of the South Korean economy. While the eventual costs of reunification will add a further burden, these costs can be limited and managed in ways that need not impose an insuperable burden on the economy's continued progress. The paper presents a simple model of Korean reunification costs that supports this conclusion.
Originally published in: Patterns of Inter Korean Relations, Bae Ho Hahn and Chae-Jin Lee, ed., Sejong Institute,1999, pp. 163-184.
This publication is part of the RAND reprint series. The reprint series, a product of RAND from 1992 to 2011, included previously published journal articles, book chapters, and reports that were reproduced by RAND with the permission of the publisher. RAND reprints were formally reviewed in accordance with the publisher's editorial policy and compliant with RAND's rigorous quality assurance standards for quality and objectivity. For select current RAND journal articles, see external publications.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.