Toward a Northeast Asian Security Community: Implications for South Korea’s Economic Growth

  • Deok Ryong Yoon
Part of the The Political Economy of the Asia Pacific book series (PEAP)


At the beginning of the 1990s, there was a period when most people expected North Korea to collapse soon. To the contrary, North Korea has survived. There remain just a few experts now that argue for North Korea’s downfall in the near future; even with its economy fallen, the North has managed its regime since the 1990s.

Even if North Korea has survived harsh times since the 1990s, it still remains in a critical economic condition. Economically, the North has fallen in a poverty trap, from which the country cannot escape without help from others. An interesting thing today is that no country is in favor of North Korea’s abrupt collapse. It seems to be paradoxical that most countries do not want North Korea to collapse or to become stronger. Instead, they just want it to stay as is: keeping the status quo.


Korean Peninsula Credit Rating Security Community Credit Default Swap European Monetary Union 
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Copyright information

© Springer Science+Business Media, LLC 2011

Authors and Affiliations

  1. 1.Korean Institute for International Economic PolicySeoulKorea

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