WhileSouthKoreastandstallastheworld's 12thlargesteconomy, however, NorthKoreadoeshavemoretooffertheSouththanmeetstheeye.
NorthKoreahas a massivesupplyofnaturalresourceslikecoal, uraniumandmedals, inadditionto a largepoolofcheap, unskilledlaborthattheSouthdoesn't have.
WhiletheSouthinturn, has a massiveamountofcapitaltechnologyandhighskilledworkersthattheNorthdoesn't have, thecombinationofthesetwotogetherwouldgraduallytransformedKoreaas a wholeintoaneconomicpowerhouse.
A paperwrittenbyeconomistsatGoldmanSachsbackin 2000 andninesuggestedthat a unifiedKoreawouldhavepotentialtosurgeaheadtotheworld's seventhlargesteconomyby 2050 blowingpastRussia, Canada, BrazilandItaly.
Intheeventof a suddenreunificationlikewhathappenedinGermany.
A floodoflowskilledanduneducatedNorthKoreansairgoingtocomedownintothesouthandtheSouthisgoinghavetofootthebilltoraiselivingstandardsanddevelopmentbackintheNorth.
ThiscouldcosttheSouthKoreantaxpayersuptoonetrillion U.
S.
Dollarstoaccomplishover a periodof 10 years, whichwouldalmostcertainlystagnateandharmtheeconomyintheshortrun.
Sokindof.
Becauseofthat, a lotofpeopleinSouthKoreadon't evenwantreunificationanymore.
ThenukesandchemicalweaponsmaybedismantledorsoldofftoelesstrustworthypeopleliketerroristsandtheunemployedNorthKoreannuclearweaponsscientiststhemselvesmayleavetofindworkwith a newemployersomewhereelse.
Unificationis a potentialpowderkegofuncertaintythatcouldgosmoothlyorgoviolentlyexplosive.
SotheplanforreunificationintheSouthcurrentlyis a gradualonewherebyNorthKoreaslowlybecomesincorporatedintotheSouthandbeginsas a sortofonecountry, twosystemsstyleofgovernmentnottounciviltotherelationshipbetweenChinaandHongKong.
Thisway, theNorthkeepsthehighamountofautonomy, couldevenkeepKimaroundfor a whileandgraduallyover a fewdecades, getabsorbedintothegovernmentoftheSouth.
Butthingscouldobviouslygoprettydifferently.
NorthKoreacouldtheoreticallycollapseseeminglyovernight, thesamewaythatEastGermanydid, whichcouldleadto a wholelistofpossiblecrazyscenarios.
FastKoreanreunificationwoulddramaticallyupsetthebalanceofpowerinAsia, justlikethereunificationofGermanydidinEurope, andasfarasChinawouldbeconcerned, itwouldbe a disaster.
ThefloodofunskilledanduneducatedNorthKoreanmigrantsmaymovesouth, ortheymaymovenorthintoManchuria, whichwouldbe a massivelydestabilizingeventforChina, especiallywhenyouconsiderthat a unifiedKoreacouldfurtherinflameethnicnationalism.
IfitlookedlikeNorthKoreawouldquicklyjointheUnitedKoreathatwouldmaintain a closealliancewiththeUS, Chinawouldalmostcertainlyintervenetopreventit, justliketheydidthelasttimethisalmosthappenedintheKoreanWar, ChinamightjustoutrightinvadeNorthKoreaontheirownandtakethecountryoverthemselvestopreventitfromfallingintothehandsoftheUSledalliance.
Inordertohaveanyhopeofbeingsuccessful, a UnitedKoreawouldhavetowalk a finelinebetweenChinaandtheUnitedStatesandprobablystrivetheirbesttowardsneutrality.
Someeconomistsevenexpectthat a unifiedKoreacouldeventuallyovershadowevenJapantobecometheworld's thirdlargesteconomy, remainingonlybehindChinaandtheUnitedStates.