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German Lessons for Korea: The Economics of Unification

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  • Marcus Noland

    (Peterson Institute for International Economics)

Abstract

The unification of Korea as a democratic capitalist state is undoubtedly in the interests of both Koreans and the world at large. The German experience suggests that this transition when it comes about is likely to be difficult in the short-run, however. Most of the decisions about, and the responsibilities for, unification will be borne by Koreans. The United States, which in part bears responsibility for the division of the peninsula, and fought a war there to preserve the southern state, will have a role to play. Most obviously the United States can work in a supporting fashion, especially in the international lending institutions where the United States is still the single most influential voice.

Suggested Citation

  • Marcus Noland, 1996. "German Lessons for Korea: The Economics of Unification," Working Paper Series WP96-3, Peterson Institute for International Economics.
    • Handle: RePEc:iie:wpaper:wp96-3
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    File URL: https://www.piie.com/publications/working-papers/german-lessons-korea-economics-unification
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    Cited by:

    1. Noland, Marcus & Robinson, Sherman & Wang, Tao, 2000. "Modeling Korean Unification," Journal of Comparative Economics, Elsevier, vol. 28(2), pages 400-421, June.
    2. Marcus Noland & Sherman Robinson & Ligang Liu, 1999. "The economics of korean unification," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 3(3), pages 255-299.
    3. Heitger, Bernhard, 2001. "Minimum Wages and Employment: The Case of German Unification," Kiel Working Papers 1045, Kiel Institute for the World Economy (IfW Kiel).
    4. Bernhard Heitger, 2001. "Minimum Wages And Employment: The Case Of German Unification," International Economic Journal, Taylor & Francis Journals, vol. 17(1), pages 1-15.
    5. Chang Won Park & Ji-Yeon Lee & Bong-Seok Kim, 2023. "Sustainable Exchange and Cooperation Process in Exhibition and Convention: Applications for the Korean Peninsula From the Leipzig Trade Fair in Germany," SAGE Open, , vol. 13(4), pages 21582440231, October.

    More about this item

    Keywords

    Korea; unification; Germany;
    All these keywords.

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