German Unification: An Example for Korea?
Heiner Flassbeck, Gustav Adolf Horn
Dartmouth Pub., 1996 - Business & Economics - 363 pages
This book attempts to assess the impact of a unification of Korea, taking into account the economic development of both its countries. This is done assuming that Korea applies the same approach as Germany. After reviewing the German method, the authors discuss some scenarios for a possible Korean unification.
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The GDR before 1989
Income and Expenditure of the State and Local
The Turning Point
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additional adjustment assets average benefits billion Bundesbank capital cent central bank competitiveness contributions conversion costs countries currency union debt deficit demand Deutsche Deutsche Bundesbank Deutsche Kreditbank domestic East German economy East German firms East Germany economic effects employees employment enterprises exchange rate expenditure exports federal government Federal Republic funds GDR Mark German unification gradualist scenario growth higher important income increase industrial inflation initially interest rates investment investors Korean economy labour market Lander liabilities loans macroeconomic market economy ment migration monetary policy monetary union money supply North Korea North Korean won output payments pension planned economy political private households problems productivity programme reduced regional relatively restructuring result revenue rise sector share shock therapy social insurance South stability structure Table TH companies THA's tion transfers transformation process transition Treuhand Treuhandanstalt Volkskammer wage subsidies West workers
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