학술저널
MULTIPLE EQUILIBRIA: IS BIG PUSH POSSIBLE? EVIDENCE FROM THE KAESONG INDUSTRIAL COMPLEX IN NORTH KOREA
- People & Global Business Association
- Global Business and Finance Review
- Vol.12 No.3
-
2007.1215 - 29 (15 pages)
- 18
This paper tests whether Big Push of moving from lower level equilibrium (povertv trap) to higher one (industrialization) could occur in North Korea. The Kaesong Industrial Complex (KIC) in which some South Korean firms have just started doing business with North Korean labor. will he the main focus of this paper Using the Murphy. Shleifer. and Vishny Model, u will be argued that successful launch of the KIC will bring a spillover effect to the entire countrv. leading to industrialization and ending its dependence on nuclear weapons as a bargaining chi
Abstract
INTRODUCTION
THE MODEL
POVERTY TRAP IN NORTH KOREA
ESCAPING FROM THE TRAP: THE KAESONG INDUSTRIAL COMPLEX
SUMMARY
ENDNOTES
REFERENCES
BIOGRAPHY
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