Quarterly Journal of Austrian Economics
Political Union vs. Economic Cooperation
Volume 4, No. 2 (Summer 2001)
If the unfounded optimism about the gains from unification can be deflated in the South, there is a better chance for peace. This would make the South Koreans more cautious and open to exploring alternatives that would allay the North’s fear that the South has a hidden agenda in suing for peace in the peninsula. A fair understanding of the source of the primary benefits of unification will be a sound basis for the exploration of alternatives If the analysis presented here, however, is even half-correct, the option of no unification merits serious consideration, for according to the analyses presented above, unification would be too costly.
Cite This Article
Young, Back Choi. "Political Union vs. Economic Cooperation." The Quarterly Journal of Austrian Economics 4, No. 2 (Summer 2001) 25-39.