South Korea has risen from the ashes of the war to become a modern country. North Korea faces a famine. (My church and many others are involved in famine relief there.) If the North Koreans opened up their system they could catch up with South Korea -- afterall, they are all Koreans. As it is, they rely on selling missiles to countries like Pakistan, worsening the Pakistani confrontation with India, and creating headaches for the US and other countries.
This book examines this geopolitical hot spot. It analyzes the missile and nuclear issue, the famine, and the financial crisis in South Korea. It then considers three scenarios for the future of the Korean peninsula. The economics can get a bit heavy going, but it is not difficult to follow the thread of the argument. This book is particularly good on the issue of how developments in the North could affect political and economic developments in the South. It would behoove President Bush and his advisors to read this book.
The book consists of a thorough overview of the current situation on the peninsula with a brief but insightful review of the historical processes that have brought us to this point. It distills in a accessible manner the vital insights from the author's formal models of the Korean economy. Most importantly, it weaves all of these different viewpoints into a coherent and persuasive story.
Aside from the rigorous analysis, however, are the three concluding chapters. The author discusses three alternative paths for North Korea's future, and reaches a conclusion. Not only is the author open-minded, but the prospect for each scenario opens up possible policy implications for all countries involved.
This book also provides useful information on South Korea, even though it is billed as a book on North Korea. In many ways, the author's reflections on Korean history and South Korean development are more useful than the North Korean sections. Before North Korea can be dispassionately analyzed, South Korean success must be analyzed.
I put down this book and reached the conclusion, that the world just may have to live with a North Korea, de-villified, but certainly dangerous, for a long time. South Korea also faces more difficulties than it realizes, and should look at North Korea as an example in negative.
Still, with all the analysis and history, the mystery that is Korea is still there in the shadows. This book does admirably well with figures and facts, but so much is misunderstood. This book does as best as any could with this emotional subject, and, hopefully, will be the basis for thought, not rhetoric.