Korean Unification Prospects: An Assessment Through the BDN-Model

Quality & Quantity Journal, Volume 50, Issue 3, pp 1059-1072, May 2016

Posted: 23 Mar 2015 Last revised: 19 Apr 2016

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Donghyun Park

Nanyang Technological University (NTU); Asian Development Bank

Ibrahim Ndoma

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Jungsuk Kim

Sogang University - Institute of International and Area Studies

Date Written: March 22, 2015

Abstract

The debate on the possible unification of South Korea and North Korea has often been assessed from the economic perspective, which is insufficient since unification entails not only the integration of two economies but political, social and technological integration of two territories. Using the Box Negotiation Diagram Model (BND-Model), this paper expands the scope of the study on South Korea and North Korea unification through a multidisciplinary approach encompassing the political, economic, social and technological perspectives. Given the huge imbalanced points of unification drawn from our analysis, we observed more divergence than convergence hence, hinging the possibility of unification of serious negotiation.

Keywords: economic unification, economic modeling, South Korea, North Korea

JEL Classification: F15

Suggested Citation

Ruiz Estrada, Mario Arturo and Park, Donghyun and Ndoma, Ibrahim and Kim, Jungsuk, Korean Unification Prospects: An Assessment Through the BDN-Model (March 22, 2015). Quality & Quantity Journal, Volume 50, Issue 3, pp 1059-1072, May 2016. Available at SSRN: https://ssrn.com/abstract=2583535

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

Donghyun Park

Nanyang Technological University (NTU) ( email )

S3 B2-A28 Nanyang Avenue
Singapore, 639798
Singapore

Asian Development Bank

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Ibrahim Ndoma

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

University of Malaya
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

Jungsuk Kim

Sogang University - Institute of International and Area Studies ( email )

35 Baekbeom-ro
Mapo-gu
Seoul, Seoul 121-742
Korea, Republic of (South Korea)

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