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utilization of finance as a measure to prepare unification expense

초록/요약

This dissertation establishes a ground for unification in economical perspective. In order to do so, it supports the unification on the Korean Peninsula and economic integration as a breakthrough for economic slump. However, talking about unification confronts a realistic problem. That is the unification expense problem. In order for my argument that unification is needed as a breakthrough, unification expense problem must be resolved. Here when I say resolve, it means that we need to have understanding of the expense and measure to prepare for it before the actual economic integration starts. In this matter, the term unification expense was defined and expanded. Moreover, limitations of traditional methods are studied. By doing so, I find a reason that studies are required to find a way to start leverage called finance. Furthermore, this dissertation shows how other countries that went through economic integration utilized finance and used finance for consistent development after the integration. Ultimately, this dissertation proposes how finance would be utilized to prepare for the unification expense.

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목차

I. Introduction 7
II. Literature Review 10
III. Effects of Economy Integration of the Korean Peninsula 13
1. Assumptions of Economic Integration on the Korean Peninsula 15
1.1. Assumptions of Economic Integration Method 16
1.2. Assumptions of Economic Integration Process after the Unification 20
2. Economical Effect of the Economic Integration of the Korean Peninsula 23
2.1. Economical Effect on Korea 23
2.2. Economical Effect on World 24
3. Problem of the Economic Integration on the Korean Peninsula in Economical Perspective: Expense of the Unification 25
3.1. What is the Expense of Unification 27
3.2. Estimate of the Unification Expense on Korea 29
3.3. Importance of Financial Methods to Save up Unification Expense 31
IV. Case studies on financial methods to save up Expense of the Unification 33
1. Germany 33
1.1. Privatizing State-owned Assets 34
1.2. Germany Unification Fund 35
1.3. KfW (Kreditanstalt fuer Wiederaufbau) 36
2. China-Hong Kong 38
2.1. Comprehensive Economic Partnership Agreement; CEPA 39
2.2. Growth of Hong Kong as an International Finance Center after CEPA 40
2.3. Shanghais Growth as an International Finance Center after CEPA 42
3. Vietnam 43
3.1. Doi Moi Reform and Open Policy 43
3.2. Attracting Foreign Investment 45
3.3. Support from the International Financial Institutions 46
V. Proposal of Financial Methods to Prepare Unification Expense 48
1. Premise of Utilizing Financial Methods to Prepare Unification Expense. 48
2. Utilization of International and Domestic Public Funds 49
2.1. Domestic public funds 49
2.2. International Public Fund: ODA 51
3. Utilization of International & Domestic Private Fund 53
3.1. Domestic Private Funds 53
3.2. International Private Funds 55
VI. Summary and Conclusions 58
References 61

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