Re:South Korea: The only middle power of its kind
by forinti on Tuesday August 03, 2021 @01:10PM
(#28051635)
The DDR had about half the income per capita as West Germany. South Korea is currently at about 24x the per capita income of the north.
It would be a huge challenge to unify those two economies and it would surely take decades. South Korea developed itself from the 1960s onwards, so I would guess that unification would take that kind of time frame (50-60 years - if they could pull off another such miracle).
Re:South Korea: The only middle power of its kind
by dougmwne on Tuesday August 03, 2021 @02:24PM
(#28052403)
Ok the other hand, it would give the south a ready source of young labor, which they absolutely will need going forward. Managed properly, it could be a huge boon.
It would be a huge challenge to unify those two economies and it would surely take decades. South Korea developed itself from the 1960s onwards, so I would guess that unification would take that kind of time frame (50-60 years - if they could pull off another such miracle).