This chapter examines the challenges and potential economic consequences of the reunification of North and South Korea, including the lifting of millions out of poverty, but also the difficulties and negative impact on South Korea's economy. It explores the economic costs, lack of education and skills in the North, and vast disparities between the two countries, drawing comparisons to the reunification of East and West Germany.
There is no more deadly area in the world than the DMZ between North and South Korea. Millions of mines, guns and surveillance prevent anyone from crossing. But if tensions were to somehow stop and North and South Korea reunite into one country, it would still be almost impossible to combine their economies. Why would we not be able to use the lessons learned by the reunification of East and West Germany?
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