Korean Unification Prospects: An Assessment Through the BDN-Model

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