This study investigates the effects of combined human capital of North and South Korea on the economic adjustment of North Korean defectors. Household income and job stability are used as outcome variables. Informal economic activities in North Korea exert a significant and positive impact on...

This paper summarizes the role of entrepreneurship in the East German transformation process that followed the breakdown of the socialist regime and subsequent unification with West Germany. The main aim of this exercise is to derive conclusions and recommendations for a potential unification of...

We first analyze pre-unification similarities and differences between the two Germanys and the two Koreas in terms of demographic, social, political and economic status. An important issue is the degree of international openness. “Stone-age” type communism of North Korea and the seclusion of...

Pt I.: Monetary integration and stabilization policy for the unified Korea. Kim Pyung-joo: Monetary integration and stabilization in the unified Korea. - S.33-47. Watrin, C.: Monetary integration and stabilization policy. The German case. - S. 48-70. Pt II.: Policy measures for North-South...