ESTABLISHMENT OF THE SOUTH-NORTH ECONOMIC COMMUNITY: A SOUTH KOREAN PERSPECTIVE
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In order to make progress in building the South-North Economic Community, it is necessary to overcome impediments and to maximize usefulness of facilitating factors. Since political impediments work against making progress, political measures should be used to create favorable environment. Once a political initiative is taken by the government, it should guide important directions consistently. In this vein, it may be necessary for us to consider confidence-building stage for a process of building the South-North Economic Community. Now it is time for North Korea to admit reality that South Korea is the most important economic partner, which can help solving its economic problems. It is necessary for North Korean leaders to rethink about the beneficial effects of intra-Korean economic exchanges and cooperation. Indeed it is a prerequisite for North Korea to expand it economic ties with South Korea to induce foreign investment and to enlarge economic relations with other countries.
Abstract
In order to make progress in building the South-North Economic Community, it is necessary to overcome impediments and to maximize usefulness of facilitating factors. Since political impediments work against making progress, political measures should be used to create favorable environment. Once a political initiative is taken by the government, it should guide important directions consistently. In this vein, it may be necessary for us to consider confidence-building stage for a process of building the South-North Economic Community. Now it is time for North Korea to admit reality that South Korea is the most important economic partner, which can help solving its economic problems. It is necessary for North Korean leaders to rethink about the beneficial effects of intra-Korean economic exchanges and cooperation. Indeed it is a prerequisite for North Korea to expand it economic ties with South Korea to induce foreign investment and to enlarge economic relations with other countries.