The Cost of Reunification
The Chosun Ilbo has an interesting piece on the subject. I’m not among those who would try to minimize the cost, although the estimates I’ve read are so diverse that it’s impossible to come up with a statistically significant average. Some have estimated that it would cost a trillion dollars. Others have suggested that the Korean “peace dividend” would pay for it, which I think is simply wrong. Reuinification will mean a dramatic deterioration in security over the short-term, as...