Is Reunification Still Possible? Victor Cha and Ramon Pacheco Pardo on Korea
Democracy Paradox
Economic Development and the North-South Divide
This chapter discusses the economic advantage that North Korea had over South Korea before the Korean War and how it was destroyed during the war. It explores the economic model of South Korea in the 1970s and 1980s, highlighting its embrace of capitalism and state intervention. The chapter also examines the early years of democracy in South Korea and the challenges it faced, contrasting it with the autocratic dictatorship in North Korea.
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