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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
by conanbatt 9y ago
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.
- kalleboo 9y agoThe 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?
- conanbatt 9y agoIf 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.
- vtange 9y agoBut 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-rate https://tradingeconomics.com/south-korea/youth-unemployment-...
- conanbatt 9y agoStrange is the person that disdains the fruits of other's labor.