Economic Transition in Unified Germany and Implications for Korea

Abstract

German reunification is an important subject of study as a model of unification for Korea, a country which has remained divided for decades. In the process of German reunification, peace was achieved without any physical conflict. Moreover, economic integration was successfully accomplished without any severe shocks. Meanwhile, it is an important issue whether German reunification methods and policies can be successfully applied to Korea, which presents a different set of political, economic and social conditions. In this book we explore the various social and economic challenges that arose during the process of German reunification, as well as the successes and failures of policies to solve them, and through this suggest policy implications for the Korean government.