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Reuniting North Korea and South Korea could cost trillions of dollars
CBS News Money Watch ^ | June 12, 2018 | Jillian Harding

Posted on 06/12/2018 1:07:11 PM PDT by 2ndDivisionVet

President Donald Trump's historic summit with North Korean leader Kim Jong Un in Singapore on Tuesday, following on the heels of the two Korean leaders meeting a little over two months ago, has raised the question of whether North Korea and South Korea would ever reunite.

Analysts say unifying North and South Korea could cost a trillion dollars under the best of circumstances and take several decades. The final price tag would also depend largely on what the catalyst for reunification is.

Some analyses put the cost of reunification at far more -- closer to $3 trillion. Experts argue that much of the cost surrounding any scenario for Korean unification would depend on whether the countries decided to converge gradually or if a chaotic event occurs. If the reform were carefully planned and followed by a peaceful union, it would be far less expensive than if North Korea's economy collapsed or a war broke out, requiring massive reconstruction costs.....

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: economy; korea; northkorea; reunification; southkorea; trump
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To: dfwgator

Great line.


81 posted on 06/12/2018 2:58:55 PM PDT by Architect of Avalon
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To: fortheDeclaration
Peer Steinbrück is quoted as saying in a 2011 interview, "Over a period of 20 years, German reunification has cost 2 trillion euros, or an average of 100 billion euros a year."
82 posted on 06/12/2018 3:02:33 PM PDT by x
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To: 2ndDivisionVet

Spending money sure beats getting nuked.


83 posted on 06/12/2018 3:09:32 PM PDT by FlingWingFlyer (#NotARussianBot)
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To: 2ndDivisionVet

Imagine the fulfilled lives and prosperity that a unified Korea will produce for generations.

You can’t put a price tag on that.


84 posted on 06/12/2018 3:28:07 PM PDT by Roman_War_Criminal (Like Enoch, Noah, & Lot, the True Church will soon be removed & then destruction comes forth.)
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To: Rapscallion

“Cost is never as important as who pays.”

I don’t know much about economics, but . . .

If someone pays a trillion dollars for reunification, won’t someone be receiving a trillion dollars?

Nothing of value is going to be lost or destroyed, right? Unless there is war, and that’s what Trump wants to avoid.

This article seems like one more liberal justification to oppose Trump’s initiative.


85 posted on 06/12/2018 3:30:28 PM PDT by jeffersondem
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To: jeffersondem

You got it.

Another way to say it is ‘the velocity of money in North Korea is going to go WAY UP!’

That is a very good, and very big deal.


86 posted on 06/12/2018 3:31:56 PM PDT by RinaseaofDs
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To: 2ndDivisionVet

Let’s see. Unify the EU: Good. Unify the Korea’s: Bad.

Got it. Whatever. It’s their business if they want to go there but I doubt they want to. I think amicable relations and getting rid of the DMZ will be enough for both.

Would we want to unify North and South Dakota or Carolina? What about the Virginia’s?


87 posted on 06/12/2018 3:33:08 PM PDT by Boomer (Leftism is the Mental/Moral Equivalent of End Stage Cancer)
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To: 2ndDivisionVet

Reunion is not in the cards for the near future. It won’t belike hitting the economic brakes like it was when West Germany absorbed East Germany all at once. I think there will be a lot of private business done in a Norkea while being in association with Seoul. The North might just come to be inan arrangement with South Korea analagous to say Hong Kong with China with a bit more autonomy so that Kim keeps his job for at least a while.


88 posted on 06/12/2018 3:38:35 PM PDT by arthurus (;H|I)
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To: Red Badger

The only other thing they worry about the “cost” of is tax cuts.


89 posted on 06/12/2018 4:03:32 PM PDT by Luke21
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To: x

The West Germans essentially took on a basket case.


90 posted on 06/12/2018 4:05:42 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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i'm guessing this twa.., er, twitt isn't a MENSA member
91 posted on 06/12/2018 4:08:17 PM PDT by Chode (You have all of the resources you are going to have. Abandon your illusions and plan accordingly.)
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To: 2ndDivisionVet

What’s there to cost? Shake hands and invite the long lost relatives over for dinner.


92 posted on 06/12/2018 5:11:18 PM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: Professional

But the ROI is 3 Trillion.

CBS News Money Watch = spit

Think “Michael, we’re bigger than U.S. Steel”


93 posted on 06/12/2018 5:17:07 PM PDT by Eddie01
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To: ridesthemiles
Not so sure that ‘reunification’ is the right way to go.
Keeping them as separate entities would suit me better.

The North wants to rule. The South wants to rule. Reunification would work if neither rules. Let Japan administer Korea, they had experience doing so for half a century. (Ducking before the bricks get thrown...)

94 posted on 06/12/2018 5:51:23 PM PDT by roadcat
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To: 2ndDivisionVet

Oh noes! A disaster in the making. Better there had been a nuclear war!


95 posted on 06/12/2018 5:56:15 PM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
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To: dfwgator
I think most former West Germans regret reunification now.

Indeed. The Communist ticks just jumped onto a healthier dog.

96 posted on 06/12/2018 6:04:00 PM PDT by Charles Martel (Progressives are the crab grass in the lawn of life.)
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To: 2ndDivisionVet

The Norks are sitting on trillions.


97 posted on 06/12/2018 6:27:26 PM PDT by Wu (Excuse me while I kiss the sky......)
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To: Roman_War_Criminal

If they reunited next week, there would be a North Korean business billionaire by 2020.


98 posted on 06/12/2018 6:42:49 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: 2ndDivisionVet

I doubt that happens.


99 posted on 06/12/2018 6:43:41 PM PDT by Captain Peter Blood
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To: 2ndDivisionVet

The biggest problem is that the North Korean population is completely incapable of living in a free market economy. They are so use to doing what there told and living with what meager rations the government gives them that they would likely be completely overwhelmed by just having to choose what to have for dinner.

It might take several generations for them to learn to even make decisions like “paper or plastic”.


100 posted on 06/14/2018 2:43:14 PM PDT by utahb52
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