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On the Korean peninsula one of the greatest success stories of the postwar era confronts a famine-ridden-and possibly nuclear-armed-totalitarian state. The stakes are extraordinarily high for both North and South Korea and for countries such as the United States that have a direct stake in these affairs. This study, the most comprehensive volume to date on the subject, examines the current situation in the two Koreas in terms of three major crises: the nuclear confrontation between the United States and North Korea, the North Korean famine, and the South Korean financial crisis. The future of the peninsula is then explored under three alternative scenarios: successful reform in North Korea, collapse and absorption (as happened in Germany), and "muddling through" in which North Korea, supported by foreign powers, makes ad hoc, regime-preserving reforms that fall short of fundamental transformation.

Economics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Korea (North) --- Korea (South) --- Korea --- USAMGIK --- United States Army Military Government in Korea --- Taehan Minʼguk --- Han guo --- Dae Han Min Kuk --- Tae Han Min Guk --- Daehan-Minʼguk --- South Korea --- Tai Han Min Kook --- South Korean Interim Government --- S.K.I.G. --- SKIG --- Nam Chosŏn Kwado Chŏngbu --- Namjosŏn --- Namjosŏn Kwado Chŏngbu --- Republic of Korea --- Da Han Minguo --- Daehan Min-kuk --- Daikan Minkoku --- ROK --- 대한민국 --- 大韓民國 --- 대한 민국 --- Daehanminguk --- Korean People's Republic --- People's Democratic Republic of Korea --- Koreĭskai︠a︡ Narodno-Demokraticheskai︠a︡ Respublika --- Korea (North Korean Government) --- Democratic People's Republic of Korea --- North Korea --- KNDR --- Chʻao-hsien min chu chu i jen min kung ho kuo --- Koreai Népi Demokratikus Köztársaság --- Korea (Democratic People's Republic) --- K.N.D.R. --- K.R.L.D. --- Korea (People's Democratic Republic) --- Korean People's Democratic Republic --- Chōsen Minshu Shugi Jinmin Kyōwakoku --- Chosŏn Minjujuŭi Inmin Konghwaguk --- KRLD --- Koreańska Republika Ludowo-Demokratyczna --- Kūriyā al-Dīmuqrāṭīyah --- D.P.R.K. --- DPRK --- Corée du Nord --- República Popular Democrática de Corea --- Corea (North) --- North Korean Interim Government --- Chosun Minchu-chui Inmin Konghwa-guk --- Chaoxian minzhu zhuyi renmin gongheguo --- 朝鲜民主主义人民共和国 --- Foreign economic relations. --- Economic policy --- Economic conditions --- Economic policy. --- 338 <519> --- 951.9 --- K9400.80 --- K9400.90 --- K9461.13 --- K9471.12 --- K9549 --- Korea: Economy and industry -- history -- modern period, postwar period (1945- ) --- Korea: Economy and industry -- history -- North Korea (1945- ) --- Korea: International trade and economic relations (South) Korea -- Asia -- North Korea --- Korea: International trade and economic relations North Korea -- Asia -- South Korea --- Korea: International politics, law and relations -- North-South relation --- Economic policy and planning (general) --- Ȯmnȯd Solongos --- Emu̇nedu̇ Solungus --- Solongos (South) --- Solungus (South) --- Bu̇gd Naĭramdakh Solongos Uls --- Bu̇gu̇de Nayiramdaqu Solungus Ulus --- I︠U︡zhnai︠a︡ Korei︠a︡ --- Южная Корея --- Korei︠a︡ (South) --- Корея (South) --- BNSU --- БНСУ --- Corruption. --- International economic relations.