Economic Development after German Unification and Implications for Korea

324 Pages Posted: 29 Jul 2019

See all articles by Hyung-Gon Jeong

Hyung-Gon Jeong

Korea Institute for International Economic Policy

Gerhard Heimpold

Halle Institute for Economic Research

Deok Ryong Yoon

Korea Institute for International Economic Policy

Young Chan Kim

Korea Institute for International Economic Policy

Axel Lindner

Goethe University Frankfurt - Institute of Economics

Minsoo Han

Korea Institute for International Economic Policy

Halin Han

Korea Institute for International Economic Policy

Date Written: December 28, 2018

Abstract

There are three overarching themes in this study, which is subdivided into eight chapters. The first theme covers macroeconomic shocks occurring right after the unification of the two Germanys and the socio-economic changes and integration processes that followed. Chapter 2 discusses the macroeconomic consequences of Germany after unification and Chapter 3 discusses the socio-economic integration in Germany and its implications for Korea. The following two chapters explore the path of economic changes in the East German region. Chapter 4 explores regional economic growth of East German states after unification and its policy implications to Korea, whereas Chapter 5 looks into policies of East German states to maintain their, so called “industrial cores” after examining spatial development patterns in the region. Chapter 6, 7 and 8 examine industrial policies of Germany. Chapter 6, in particular, covers decision making process whether to privatise state-owned enterprises in the East Germany, restructure them or make them insolvent. In the following Chapter 7, industrial policies to foster small-to-medium enterprises (SME) in the East German region are discussed. Last but not least, Chapter 8 discusses potential policies to foster manufacturing industries in North Korean region in the future and provides a quantitative analysis of them.

Keywords: German Unification, Korea, Economic Development

Suggested Citation

Jeong, Hyung-Gon and Heimpold, Gerhard and Yoon, Deok Ryong and Kim, Young Chan and Lindner, Axel and Han, Minsoo and Han, Halin, Economic Development after German Unification and Implications for Korea (December 28, 2018). KIEP Research Paper, Policy References 18-08, Available at SSRN: https://ssrn.com/abstract=3422658 or http://dx.doi.org/10.2139/ssrn.3422658

Hyung-Gon Jeong (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Gerhard Heimpold

Halle Institute for Economic Research ( email )

P.O. Box 11 03 61
Kleine Maerkerstrasse 8
D-06017 Halle, 06108
Germany

Deok Ryong Yoon

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Young Chan Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Axel Lindner

Goethe University Frankfurt - Institute of Economics ( email )

Postfach 81
D-60054 Frankfurt
Germany
+49-(0)69-798-25 004 (Phone)
+49-(0)69-798-25 065 (Fax)

Minsoo Han

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Halin Han

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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