Re:Two Koreas Agree to End War This Year, Pursue Denucleariz...
by conanbatt on Friday April 27, 2018 @10:34AM
(#16941030)
Economically speaking, it would add millions of people to the working stock of south korea, plus extensive land to build new cities and such. It would guarantee decades of profitable investment and growth.
Re:Two Koreas Agree to End War This Year, Pursue Denucleariz...
by kalleboo on Friday April 27, 2018 @10:54AM
(#16941185)
The Wikipedia article for East/West German unification has a quote of a cost for reunification of about 10% of South Koreas GDP/year over a 20 year period. And North Korea 2018 appears to have a lot more catching up to do than Eastern Germany had in 1989.
Long-term I'm sure it would be profitable, but would South Korea dare make that investment in their current period of tremendous growth? The opportunity cost loss is massive. Would US/China help invest?
Re:Two Koreas Agree to End War This Year, Pursue Denucleariz...
by conanbatt on Friday April 27, 2018 @01:25PM
(#16942529)
If N.Korea liberalized its economy private capital will do wonders, from everywhere in the world. The costs of the bureaucrats to create passports and the sort is negligible. It would be different if the government wanted to build schools, cities, buildings and the such, but that is an option not a necessity.
In principle, I would not make the government pay for anything significant and it would sort itself out.
Re:Two Koreas Agree to End War This Year, Pursue Denucleariz...
by vtange on Friday April 27, 2018 @12:22PM
(#16941982)
But South Korea does not need more working stock. They already have a tough time keeping their younger population employed.[0]
Also as North Korea is mostly mountainous there's not a whole lot of new "city-building" area.
[0] https://tradingeconomics.com/south-korea/youth-unemployment-...
S. Korean leaders may publically speak about the desire for reconciliation, but it's unlikely that they would seriously pursue it considering the economic and political strain it would place on S. Korea.
N. Koreans have a much greater interest in reunification than the South does. But that interest doesn't extend to those in power in the North who would certainly be reluctant to give up that power.
So while reunification might seem like a nice sentiment, it doesn't seem like something that those in power of either side actually want.