Holy Moly, can you imagine this? Well, I suppose I can well imagine this. Given the fact that Germany ended up spending billions and billions of Euros. and is still paying for the reunification of East Germany with West Germany. I quote:
The Republic of Korea (ROK) will need to spend about $1 trillion or more to renovate the Democratic People's Republic of Korea's (DPRK) creaky infrastructure if the two were to reunite, a ROK study said, adding that the cost will go up further over time.
But the ROK's economy can expect benefits through decreased military spending, selling to new markets in the DPRK and tapping into its cheap land and labor, said the report from the National Assembly's Special Committee on Budget and Accounts.
The report, obtained yesterday, said if the two Koreas reunified in 2015, it would cost the ROK $858 billion over 10 years to absorb its poor neighbor and raise its economy to half that of the ROK's.
If the two started in 2030, the cost would be $1.32 trillion.
Many in the ROK are worried that unifying could wreck its economy - the world's 13th largest. They also fear a flood of refugees coming over the border from the DPRK - whose economy is less than 3 percent the size of the ROK's.
The longer it takes to unify, the greater the gap becomes between the two economies and the more the DPRK's factories and transport and other systems will fall into disrepair.
I agree. The question is, why do you need to unify? what's the pressing reason? Say the 2 countries have been apart for 100 years, do you think reunification will work? How about India Pakistan? Say Pakistan actually implodes even more, do you think it would be worth unifying? I bet it will cost several trillion dollars! How about Taiwan and China? that would be cheaper
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