The Korean Peninsula: Two Scenarios

Acceptance Speech of the DMZ Peace Prize – Chuncheon, South Korea, 5 Dec 2010 – “Today North Korea’s economy is sluggish to say the least, South Korea’s brilliant but vulnerable to crises; having had some of them. And more may be coming if South Korea adopts too much of the US economic style. South Korea may accompany the US economy on its way down, just like North Korea may be hanging on to the Chinese economy on its way up. One falling, one rising. Double digit growth for North Korean capi-communism and crisis, devaluation etc., for South Korean hyper-capitalism? Not impossible.”