Common sense says that the two massive initial outlays required – raising Northern incomes and rebuilding infrastructure – will constitute a prolonged and crushing fiscal burden, even if both are ultimately in part also investments: in human and physical capital respectively.
Jackpot or Crackpot? Park on Korean Reunification
By Aidan Foster-Carter
- Getty Images
- South Korean President Park Geun-hye speaks during a press conference at the Presidential Office on January 6, 2014 in Seoul. Ms. Park outlined her policy plans for the new year.