Posted on 06/27/2018 10:59:36 AM PDT by 2ndDivisionVet
•A peace treaty formally ending the Korean War and opening the North-South border would increase foreign investment, helping the economy, UBS economist Li Zeng and analyst Yong-Suk Son say.
•North Korea could also then utilize its natural resources and well-educated labor force, the analysts say.
•The state could then account for up to 24 percent of the Korean Peninsula's total gross domestic product in 20 years under reunification with the South, the report says....
(Excerpt) Read more at cnbc.com ...
Having visited more than a few Fourth World cesspools in my day it seems to me that an infusion of trillions of dollars over at least 20 years would be required to lift North Korea to the level of Tanzania (which I’ve visited).
Jumping the gun a bit, aren’t we UBS?
Does Tanzania have ballistic missiles with nuclear warheads?
Oh bs. No one can predict such things.
They can predict however the next pool of cheap labor for the globalists
Nope.But then the Norks' missiles do nothing for the economy.
Up until the 1970s, industrial production was greater in the North than the South. It took several years for communism to make a mess of everything.
The prediction is for twenty years out. It could be more if we go out more than twenty years.
I think starting next year things are going to move at a much faster pace than many expect. I see reunification sometime during Trump’s second term.
The North was always the manufacturing and mining half and the South the agricultural half. The occupying Japanese rigged it that way also.
I’m waiting for Trump to pull the same trick on Cuba. Call for a violent overthrow. Rubio can bet his executive experience running that country.
“A peace treaty formally ending the Korean War and opening the North-South border”
Serious business analysts are now studying this - unimaginable under Obama.
It really comes down to how much the North is willing to change, but the upside is clearly potential double digit GDP growth rates for decades.
Ethiopia has achieved that since 2000. North Korea has a series of inherent advantages over Ethiopia - reasonable existing transport infrastructure, 100% adult literacy, mineral wealth, and a mountain of foreign capital and expertise that preparing to swoop in.
“...it seems to me that an infusion of trillions of dollars over at least 20 years would be required to lift North Korea to the level of Tanzania (which I’ve visited).”
Agreed. I’m not sure how many people realize how backwards North Korea’s overall infrastructure is - roads, railroads, electrical grid, ports, computers, etc.
Couple that large problem with trying slowly to take North Korea’s population (economically, nutritionally and intellectually stunted) and trying to incorporate them into the South - and the amount of money needed is gonna be astronomical.
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