The Korean peninsula, during the four-plus decades of the cold war, provides a historically unparalleled real-world "experiment" in the relationship between a country's form of government and its economic performance. In 1945, an ethnically and culturally homogenous nation was suddenly divided by an arbitrary boundary line and subjected to two
Download Audio as MP3 radically different and adversarial political economies for successive decades. In Policy and Economic Performance in Divided Korea during the Cold War Era: 1945-91 (AEI Press, 2010), Nicholas Eberstadt argues that the story line is not quite as simple as the now-prevailing narrative suggests (that centrally planned economies are doomed to fail against market-oriented alternatives). Rather, the race for material progress was just that: a race, the results of which were far from preordained at the outset.
Did North Korea in fact outperform the South in the decades immediately following partition? What impact did government policies have on the course of growth for both economies? And what does this rivalry entail for North-South relations today and the possible reunification of the Korean peninsula? AEI political economist Nicholas Eberstadt, Anne Krueger of the Johns Hopkins School of Advanced International Studies, and Marcus Noland of the Peterson Institute for International Economics engaged in a lively discussion about these and other issues. AEI's Philip I. Levy moderated.
|10:00||Panelists:||Nicholas Eberstadt, AEI|
|Anne Krueger, Johns Hopkins School of Advanced International Studies|
|Marcus Noland, Peterson Institute for International Economics|
|Moderator:||Philip I. Levy, AEI|
Washington, DC 20036
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Nicholas Eberstadt, a political economist and a demographer by training, is also a senior adviser to the National Board of Asian Research, a member of the visiting committee at the Harvard School of Public Health, and a member of the Global Leadership Council at the World Economic Forum. He researches and writes extensively on economic development, foreign aid, global health, demographics, and poverty. His dozen-plus books and monographs include The Poverty of Communism (Transaction, 1988); The Tyranny of Numbers (AEI Press, 1995); The End of North Korea (AEI Press, 1999); Korea’s Future and the Great Powers (University of Washington Press, 2001); The North Korean Economy: Between Crisis and Catastrophe (Transaction, 2007); Europe’s Coming Demographic Challenge: Unlocking the Value of Health (AEI Press, 2007); The Poverty of ‘The Poverty Rate’: Measure and Mismeasure of Want in Modern America (AEI Press, 2008); and most recently, Policy and Performance in Divided Korea during the Cold War Era: 1945–91 (AEI Press, 2010).
Anne Krueger is professor of international economics at the School for Advanced International Studies at Johns Hopkins University. She is also a senior fellow of the Center for International Development (of which she was the founding director) and the Herald L. and Caroline Ritch Emeritus Professor of Sciences and Humanities in the Economics Department at Stanford University. Ms. Krueger was first deputy managing director of the International Monetary Fund from 2001 to 2006. Prior to that, she taught at Stanford and Duke. From 1982 to 1986, she was vice president of economics and research at the World Bank. Before that she was professor of economics at the University of Minnesota. Ms. Krueger is a distinguished fellow and past president of the American Economic Association; a senior research fellow of the National Bureau of Economic Research; and a member of the National Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, and the American Philosophical Society. She has published extensively on economic development, international trade and finance, and economic policy reform. In addition to her writings on these topics, she has written a number of books and articles on economic growth, international trade, and economic policy in India, South Korea, and Turkey.
Philip I. Levy studies international trade and development at AEI. Before joining AEI, he handled international economic issues as a member of the secretary of state’s policy planning staff (2005–2006), was senior economist for trade on the President’s Council of Economic Advisers (2003–2005), and was a faculty member in Yale University’s department of economics (1994–2003). An economist by training, he has experience in many international trade and development policy issues, including free trade agreements, trade with China, antidumping policy, welfare effects of globalization, U.S. foreign assistance policy, and economic development policy.
Marcus Noland is a senior fellow and deputy director at the Peterson Institute of International Economics, where he has researched the political economy of U.S. trade policy and the Asian financial crisis, among other issues. He has written extensively on the economies of Japan, South Korea, and China and on the problems of North Korea and the prospects for Korean unification. Mr. Noland was a senior economist at the President’s Council of Economic Advisers and has held research or teaching positions at Yale University, Johns Hopkins University, the University of Southern California, Tokyo University, Saitama University, the University of Ghana, the Korea Development Institute, and the East-West Center. Mr. Noland’s books include Famine in North Korea: Markets, Aid, and Reform (Columbia University Press, 2007), Korea after Kim Jong-il (Peterson Institute, 2004), Industrial Policy in an Era of Globalization: Lessons From Asia (Peterson Institute, 2003), Avoiding the Apocalypse: The Future of the Two Koreas (Peterson Institute, 2000), Economic Integration of the Korean Peninsula (Peterson Institute, 1998), Global Economic Effects of the Asian Currency Devaluations (Peterson Institute, 1998), and Pacific Basin Developing Countries: Prospects for the Future (Peterson Institute, 1990). He has also written many scholarly articles on international economics, U.S. trade policy, and the economies of the Asia-Pacific region. Mr. Noland has been an occasional consultant to organizations such as the World Bank and the National Intelligence Council and has testified before Congress on numerous occasions.
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