For past 40 years, North Korea keep closed economic policies under center-controled scheduled economy of national self-sufficiency principle. As a result, by the lack of capital and technology, stagflation and keeping combination between military and ...
For past 40 years, North Korea keep closed economic policies under center-controled scheduled economy of national self-sufficiency principle. As a result, by the lack of capital and technology, stagflation and keeping combination between military and industry resulted in a severe unbalance among industries.
Light industry, especially withdrawal of producing consuming goods brought people's dissatisfaction, North Korea got to limit that it could not control only with self-reliance ideology.
On the other hand, South Korea succeeded in strategy of abroad development and achieved high economic growth but South Korea found difficulties about new trade preservation policy that includes limited import, trade barrier and free market pressure.
From this circumstances, South Korea must get out of labor-centered industrial structure of low value-added and low technological skill, and it is time to reconstruct high value-added industries. Like above, both South and North met new turning-point in economic development, and the needs of mutual economy exchange and cooperation increase more.
Therefore, motive the start this research is to find problems about South-North Korea's economy exchange and cooperation, and enlargement of practical economy exchange and cooperation.
This paper gives the way of promotion the share but Korea's economy exchange and cooperation. First of all, the way of economy exchange can divide labor exchange and material exchange, labor exchange includes exchange of economy information, academics, culture, art, publishment, broadcast, technician, technical exchange, etc. The material exchange must be considered how to come over the problem of indirect trade and enlarge to direct trade.
Next, as the way of economy cooperation, first, the cooperation between light industry and household electric goods, automobile and machine tool, cooperation of petroleum and chemical industry. Second of all, we should develop together sight-seeing areas, reclaimed land, continental shelf. Third of all, joint development of material, energy needs cooperation.
At last, there is economy cooperation of economic block in north-easten Asia. If South and North Korea's relation gets better to cooperate practical level of joint investment, Korea will be in charge of economic block in north-easten Asia. In addition, this block has large mutual supplement, and concentrated population, exist, so that Korea has high chance of building world the biggest economic block in short period.